Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.82% | -0.56 | 1.38% |
| Return on Equity (%) | ▼ | 7.79% | -7.30 | 15.09% |
| Net Interest Margin (%) | ▲ | 4.34% | +0.53 | 3.81% |
| Efficiency Ratio (%) | ▼ | 75.55% | +7.85 | 67.70% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.14 | $0 |
| Cost of Funds (%) | ▲ | 1.48% | -0.40 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $106 | -3.61 | $110 |
| Gross Loans ($M) | ▼ | $74 | -2.42 | $77 |
| Loan Growth YoY (%) | ▲ | 85.04% | +1.48 | 83.55% |
| Total Deposits ($M) | ▼ | $87 | -4.44 | $91 |
| Shareholders Equity ($M) | ▲ | $11 | +0.98 | $10 |
| Tang. Book Value ($M) | ▲ | $11 | +0.98 | $10 |
| Loan / Deposit Ratio (%) | ▲ | 85.04% | +1.48 | 83.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.42% | +0.92 | 0.50% |
| Allowance / Loans (%) | — | 1.03% | 0.04% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 2.03% | +1.31 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 3.30% | 3.31% | 3.46% | 3.81% | 4.04% | 4.10% | 4.17% | 4.34% |
| ▁▁▁█▇▆▆▅ | Return on Assets (%) | 0.23% | 0.27% | 0.36% | 1.38% | 1.20% | 1.07% | 1.05% | 0.82% |
| ██▇▁▁▂▁▃ | Efficiency Ratio (%) | 91.3% | 90.2% | 87.2% | 67.7% | 68.9% | 70.7% | 70.5% | 75.5% |
| ██▇▅▄▄▁▁ | Cost of Funds (%) | 2.15% | 2.24% | 2.12% | 1.89% | 1.77% | 1.82% | 1.55% | 1.48% |
| ▁▁▁▁▂██▆ | NPA / Assets (%) | 0.58% | 0.63% | 0.51% | 0.50% | 0.75% | 1.79% | 1.80% | 1.42% |
| ▂▂▁▁▁███ | Net Charge-Off Ratio (%) | 0.80% | 0.90% | 0.72% | 0.71% | 0.59% | 2.09% | 2.09% | 2.03% |
| ▁▃▁▄▆▇██ | Tang. Book Value ($M) | $10 | $10 | $10 | $10 | $11 | $11 | $11 | $11 |
| ▇██▅▄▄▄▁ | Gross Loans ($M) | $78 | $78 | $78 | $77 | $76 | $76 | $76 | $74 |
| ▃█▇▆█▆▂▁ | Total Deposits ($M) | $89 | $93 | $92 | $91 | $93 | $91 | $88 | $87 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |