Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.79 | 0.04% |
| Return on Equity (%) | ▲ | 5.43% | +5.08 | 0.35% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.91 | 2.48% |
| Efficiency Ratio (%) | ▲ | 76.57% | -13.04 | 89.61% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.19 | $0 |
| Cost of Funds (%) | ▲ | 1.56% | -0.34 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $144 | -11.94 | $156 |
| Gross Loans ($M) | ▲ | $88 | +4.33 | $84 |
| Loan Growth YoY (%) | ▼ | 73.56% | -0.28 | 73.85% |
| Total Deposits ($M) | ▲ | $119 | +6.20 | $113 |
| Shareholders Equity ($M) | ▲ | $22 | +2.43 | $20 |
| Tang. Book Value ($M) | ▲ | $22 | +2.43 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +1.39 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 73.56% | -0.28 | 73.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.26% | +0.43 | 0.83% |
| Allowance / Loans (%) | — | 1.09% | 0.05% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 1.85% | +0.58 | 1.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▆█ | Net Interest Margin (%) | 1.91% | 2.02% | 2.10% | 2.48% | 2.62% | 2.73% | 3.01% | 3.39% |
| ▆▄▃▁▂▃▃█ | Return on Assets (%) | 0.55% | 0.35% | 0.24% | 0.04% | 0.24% | 0.33% | 0.32% | 0.83% |
| ▄▅▆█▇▆▆▁ | Efficiency Ratio (%) | 81.7% | 84.4% | 86.1% | 89.6% | 87.1% | 85.5% | 86.1% | 76.6% |
| ▇█▇▅▇▅▂▁ | Cost of Funds (%) | 2.01% | 2.16% | 2.05% | 1.90% | 2.06% | 1.92% | 1.67% | 1.56% |
| ▄▅▅▄▅▄▁█ | NPA / Assets (%) | 0.85% | 0.90% | 0.91% | 0.83% | 0.89% | 0.86% | 0.47% | 1.26% |
| ▇█▇▅▅▅▁█ | Net Charge-Off Ratio (%) | 1.61% | 1.74% | 1.65% | 1.27% | 1.37% | 1.29% | 0.57% | 1.85% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $17 | $19 | $19 | $20 | $20 | $21 | $22 | $22 |
| ▂▁▃▅▇▄▆█ | Gross Loans ($M) | $80 | $79 | $82 | $84 | $86 | $83 | $86 | $88 |
| ▄█▆▁▁▅▄█ | Total Deposits ($M) | $115 | $119 | $117 | $113 | $113 | $116 | $116 | $119 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 11% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 17% |