Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.73% | -3.88 | 4.61% |
| Return on Equity (%) | ▼ | 7.20% | -42.25 | 49.45% |
| Net Interest Margin (%) | ▼ | 4.83% | -2.21 | 7.05% |
| Efficiency Ratio (%) | ▼ | 78.33% | +32.79 | 45.54% |
| Pre-Provision Profit ($M) | ▼ | $1 | -1.49 | $2 |
| Cost of Funds (%) | ▲ | 2.06% | -0.14 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $211 | -9.18 | $220 |
| Gross Loans ($M) | ▲ | $178 | +9.07 | $169 |
| Loan Growth YoY (%) | ▲ | 93.14% | +6.10 | 87.04% |
| Total Deposits ($M) | ▼ | $187 | -4.03 | $191 |
| Shareholders Equity ($M) | ▲ | $22 | +0.34 | $21 |
| Tang. Book Value ($M) | ▲ | $20 | +0.51 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 93.14% | +6.10 | 87.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.62% | +0.49 | 2.13% |
| Allowance / Loans (%) | — | 2.20% | 0.59% | 1.61% |
| Net Charge-Off Ratio (%) | ▼ | 3.11% | +0.33 | 2.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▇▆▆▄ | Net Interest Margin (%) | 2.88% | 2.94% | 2.95% | 7.05% | 6.47% | 5.91% | 5.73% | 4.83% |
| ▃▃▃█▆▁▃▃ | Return on Assets (%) | 0.63% | 0.65% | 0.58% | 4.61% | 2.79% | -0.93% | 0.82% | 0.73% |
| ▆▆▇▁▃▄▅█ | Efficiency Ratio (%) | 69.9% | 69.9% | 73.6% | 45.5% | 54.1% | 60.9% | 65.1% | 78.3% |
| ▁▁▁▇███▇ | Cost of Funds (%) | 0.71% | 0.78% | 0.82% | 2.19% | 2.43% | 2.43% | 2.22% | 2.06% |
| ▁▁▁▇█▇▇█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 2.13% | 2.44% | 2.11% | 2.09% | 2.62% |
| ▁▁▁██▇▇█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 2.78% | 3.04% | 2.48% | 2.45% | 3.11% |
| ▁▁▁██▇██ | Tang. Book Value ($M) | $4 | $4 | $4 | $19 | $20 | $17 | $20 | $20 |
| ▁▁▁█████ | Gross Loans ($M) | $11 | $11 | $11 | $169 | $169 | $181 | $182 | $178 |
| ▁▁▁█████ | Total Deposits ($M) | $55 | $49 | $46 | $191 | $186 | $191 | $190 | $187 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 25% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 31% |