Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.24% | +0.58 | -0.34% |
| Return on Equity (%) | ▲ | 2.77% | +6.46 | -3.69% |
| Net Interest Margin (%) | ▲ | 3.06% | +0.56 | 2.50% |
| Efficiency Ratio (%) | ▲ | 89.82% | -10.10 | 99.92% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.16 | $-0 |
| Cost of Funds (%) | ▼ | 2.12% | +0.01 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $200 | -4.01 | $204 |
| Gross Loans ($M) | ▲ | $159 | +9.05 | $150 |
| Loan Growth YoY (%) | ▲ | 96.25% | +7.69 | 88.56% |
| Total Deposits ($M) | ▼ | $164 | -4.14 | $168 |
| Shareholders Equity ($M) | ▼ | $18 | -0.23 | $18 |
| Tang. Book Value ($M) | ▼ | $18 | -0.23 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 96.25% | +7.69 | 88.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.00 | 0.12% |
| Allowance / Loans (%) | — | 0.83% | 0.02% | 0.81% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.01 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.19% | -0.44 | 13.63% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▅▆█ | Net Interest Margin (%) | 2.57% | 2.54% | 2.52% | 2.50% | 2.68% | 2.79% | 2.88% | 3.06% |
| ███▁▇▁▄█ | Return on Assets (%) | 0.20% | 0.21% | 0.17% | -0.34% | 0.12% | -0.31% | -0.09% | 0.24% |
| ▇▇▇█▁▃▂▅ | Efficiency Ratio (%) | 94.8% | 95.4% | 96.4% | 99.9% | 75.8% | 82.5% | 80.9% | 89.8% |
| ▁█▇▂█▆▆▂ | Cost of Funds (%) | 2.03% | 2.42% | 2.36% | 2.11% | 2.39% | 2.31% | 2.30% | 2.12% |
| ▅█▇▁▅▃▃▂ | NPA / Assets (%) | 0.12% | 0.13% | 0.13% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% |
| ▇██▄▃▁▁▁ | Net Charge-Off Ratio (%) | 0.16% | 0.17% | 0.16% | 0.16% | 0.15% | 0.15% | 0.15% | 0.15% |
| ▃▆██▁▁▄▆ | Tang. Book Value ($M) | $17 | $18 | $18 | $18 | $17 | $17 | $17 | $18 |
| ▂▁▁▄▆███ | Gross Loans ($M) | $144 | $141 | $143 | $150 | $154 | $158 | $157 | $159 |
| ▁▁▁█▄▅▅▇ | Total Deposits ($M) | $147 | $147 | $147 | $168 | $157 | $159 | $160 | $164 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 11% |
| Consumer | 11% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 13% |