Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.10% | +0.78 | -0.68% |
| Return on Equity (%) | ▲ | 0.70% | +5.76 | -5.06% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.55 | 3.40% |
| Efficiency Ratio (%) | ▲ | 82.78% | -12.23 | 95.01% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.50 | $0 |
| Cost of Funds (%) | ▲ | 2.42% | -0.26 | 2.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $358 | +54.78 | $303 |
| Gross Loans ($M) | ▲ | $292 | +56.44 | $236 |
| Loan Growth YoY (%) | ▲ | 97.67% | +6.88 | 90.79% |
| Total Deposits ($M) | ▲ | $294 | +38.68 | $255 |
| Shareholders Equity ($M) | ▲ | $48 | +1.57 | $47 |
| Tang. Book Value ($M) | ▲ | $48 | +1.38 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 97.67% | +6.88 | 90.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.42% | +0.55 | 0.87% |
| Allowance / Loans (%) | — | 1.74% | 0.05% | 1.69% |
| Net Charge-Off Ratio (%) | ▼ | 1.74% | +0.62 | 1.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▄▄▆█ | Net Interest Margin (%) | 3.41% | 3.43% | 3.44% | 3.40% | 3.63% | 3.65% | 3.78% | 3.94% |
| ▁▂▇▅▇▇██ | Return on Assets (%) | -1.67% | -1.42% | -0.09% | -0.68% | -0.21% | -0.26% | 0.17% | 0.10% |
| ██▇▄▂▁▁▁ | Efficiency Ratio (%) | 112.1% | 109.2% | 106.2% | 95.0% | 90.0% | 86.4% | 82.7% | 82.8% |
| ▅██▅▅▁▂▃ | Cost of Funds (%) | 2.63% | 2.93% | 2.98% | 2.68% | 2.64% | 2.24% | 2.39% | 2.42% |
| ▂▂▁▄▄▃▄█ | NPA / Assets (%) | 0.58% | 0.57% | 0.40% | 0.87% | 0.84% | 0.76% | 0.85% | 1.42% |
| ▂▂▁▄▄▄▄█ | Net Charge-Off Ratio (%) | 0.80% | 0.73% | 0.54% | 1.11% | 1.11% | 1.10% | 1.07% | 1.74% |
| ▁▁▁█████ | Tang. Book Value ($M) | $31 | $30 | $32 | $47 | $47 | $47 | $48 | $48 |
| ▁▂▃▅▅▆▇█ | Gross Loans ($M) | $167 | $198 | $209 | $236 | $233 | $255 | $274 | $292 |
| ▁▂▄▄▄█▇▇ | Total Deposits ($M) | $200 | $224 | $243 | $255 | $250 | $311 | $297 | $294 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 14% |