Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.08 | 0.91% |
| Return on Equity (%) | ▼ | 15.74% | -8.48 | 24.22% |
| Net Interest Margin (%) | ▲ | 2.57% | +0.23 | 2.33% |
| Efficiency Ratio (%) | ▲ | 58.97% | -2.21 | 61.18% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.05 | $0 |
| Cost of Funds (%) | ▲ | 1.46% | -0.10 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $189 | -5.09 | $194 |
| Gross Loans ($M) | ▼ | $69 | -1.01 | $70 |
| Loan Growth YoY (%) | ▼ | 38.50% | -0.34 | 38.84% |
| Total Deposits ($M) | ▼ | $176 | -1.09 | $177 |
| Shareholders Equity ($M) | ▲ | $12 | +3.47 | $8 |
| Tang. Book Value ($M) | ▲ | $12 | +3.47 | $8 |
| TBV excl. AOCI ($M)** | ▲ | $17 | +3.61 | $13 |
| Loan / Deposit Ratio (%) | ▼ | 38.50% | -0.34 | 38.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.41% | 0.04% | 1.37% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -19.76 | 19.76% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▅▆▇█ | Net Interest Margin (%) | 1.96% | 2.05% | 2.11% | 2.33% | 2.32% | 2.37% | 2.42% | 2.57% |
| ▁▂▃▇▆▆▆█ | Return on Assets (%) | 0.37% | 0.52% | 0.54% | 0.91% | 0.77% | 0.81% | 0.77% | 0.99% |
| █▆▆▂▄▂▃▁ | Efficiency Ratio (%) | 74.5% | 70.0% | 70.2% | 61.2% | 64.8% | 61.5% | 63.3% | 59.0% |
| ██▆▃▂▂▃▁ | Cost of Funds (%) | 1.79% | 1.84% | 1.72% | 1.56% | 1.53% | 1.54% | 1.59% | 1.46% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▂▄▅▇█▇ | Tang. Book Value ($M) | $5 | $9 | $6 | $8 | $10 | $12 | $13 | $12 |
| ▃██▇▁▃▁▃ | Gross Loans ($M) | $69 | $70 | $70 | $70 | $68 | $69 | $68 | $69 |
| ▄▁▃▂▇█▃▁ | Total Deposits ($M) | $180 | $175 | $180 | $177 | $187 | $188 | $179 | $176 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 12% |