Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.62% | -2.70 | 1.08% |
| Return on Equity (%) | ▼ | -12.23% | -19.75 | 7.52% |
| Net Interest Margin (%) | ▼ | 4.09% | -0.70 | 4.79% |
| Efficiency Ratio (%) | ▼ | 76.38% | +11.60 | 64.77% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.41 | $1 |
| Cost of Funds (%) | ▼ | 2.40% | +0.12 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $286 | +9.66 | $276 |
| Gross Loans ($M) | ▲ | $217 | +14.90 | $202 |
| Loan Growth YoY (%) | ▲ | 89.06% | +1.05 | 88.01% |
| Total Deposits ($M) | ▲ | $240 | +13.26 | $226 |
| Shareholders Equity ($M) | ▲ | $39 | +0.14 | $39 |
| Tang. Book Value ($M) | ▲ | $38 | +0.25 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 89.06% | +1.05 | 88.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.12% | +0.95 | 0.18% |
| Allowance / Loans (%) | — | 1.74% | 0.22% | 1.52% |
| Net Charge-Off Ratio (%) | ▼ | 1.48% | +1.34 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▄▄▄▁ | Net Interest Margin (%) | 5.82% | 5.65% | 5.61% | 4.79% | 4.84% | 4.88% | 4.85% | 4.09% |
| ███▇▇▇▇▁ | Return on Assets (%) | 1.94% | 1.82% | 1.73% | 1.08% | 1.19% | 1.25% | 1.16% | -1.62% |
| ▁▁▁▄▄▃▅█ | Efficiency Ratio (%) | 55.8% | 56.3% | 57.8% | 64.8% | 64.0% | 63.2% | 66.9% | 76.4% |
| ▅▆█▁▆▅▂▂ | Cost of Funds (%) | 2.57% | 2.63% | 2.78% | 2.29% | 2.63% | 2.56% | 2.38% | 2.40% |
| ▁▁▂▁▁▁▁█ | NPA / Assets (%) | 0.09% | 0.08% | 0.22% | 0.18% | 0.15% | 0.08% | 0.07% | 1.12% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.18% | 0.14% | 0.11% | 0.10% | 0.10% | 1.48% |
| ▁▃▄▆▅▇█▆ | Tang. Book Value ($M) | $35 | $36 | $37 | $38 | $38 | $39 | $39 | $38 |
| ▁▃▅▆▇███ | Gross Loans ($M) | $166 | $180 | $193 | $202 | $207 | $218 | $215 | $217 |
| ▁▄▄▆▇▇██ | Total Deposits ($M) | $174 | $210 | $208 | $226 | $235 | $235 | $246 | $240 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 24% |