Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.16% | +0.06 | 0.10% |
| Return on Equity (%) | ▲ | 1.74% | +0.77 | 0.97% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.10 | 3.13% |
| Efficiency Ratio (%) | ▲ | 91.68% | -3.29 | 94.97% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.15 | $0 |
| Cost of Funds (%) | ▲ | 2.00% | -0.22 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $403 | +60.58 | $343 |
| Gross Loans ($M) | ▲ | $270 | +13.36 | $256 |
| Loan Growth YoY (%) | ▼ | 74.00% | -12.92 | 86.91% |
| Total Deposits ($M) | ▲ | $360 | +69.16 | $291 |
| Shareholders Equity ($M) | ▲ | $36 | +1.51 | $34 |
| Tang. Book Value ($M) | ▲ | $36 | +1.51 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +1.27 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 74.00% | -12.92 | 86.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.95% | +1.70 | 0.26% |
| Allowance / Loans (%) | — | 1.22% | -0.17% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 2.92% | +2.58 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇▇███ | Net Interest Margin (%) | 2.69% | 2.75% | 2.89% | 3.13% | 3.14% | 3.19% | 3.24% | 3.23% |
| ▁▂▄▇▇███ | Return on Assets (%) | -0.30% | -0.20% | -0.10% | 0.10% | 0.12% | 0.20% | 0.18% | 0.16% |
| █▇▅▃▂▁▁▂ | Efficiency Ratio (%) | 113.0% | 106.8% | 102.4% | 95.0% | 91.8% | 89.7% | 87.8% | 91.7% |
| ██▇▄▄▄▁▁ | Cost of Funds (%) | 2.63% | 2.67% | 2.52% | 2.22% | 2.23% | 2.25% | 1.92% | 2.00% |
| ▁▁▁▁██▇▇ | NPA / Assets (%) | 0.26% | 0.24% | 0.26% | 0.26% | 2.33% | 2.31% | 2.06% | 1.95% |
| ▁▁▁▁██▇█ | Net Charge-Off Ratio (%) | 0.33% | 0.33% | 0.33% | 0.34% | 3.24% | 3.06% | 2.88% | 2.92% |
| ▁▂▁▂▄▇██ | Tang. Book Value ($M) | $34 | $34 | $34 | $34 | $34 | $35 | $36 | $36 |
| ▁▂▁▂▃▇█▆ | Gross Loans ($M) | $254 | $256 | $253 | $256 | $260 | $272 | $277 | $270 |
| ▁▂▂▄▆▅▇█ | Total Deposits ($M) | $248 | $276 | $273 | $291 | $319 | $317 | $342 | $360 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 4% |