Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.98% | -0.17 | 1.14% |
| Return on Equity (%) | ▼ | 9.00% | -2.77 | 11.77% |
| Net Interest Margin (%) | ▼ | 3.52% | -0.12 | 3.63% |
| Efficiency Ratio (%) | ▼ | 73.61% | +4.55 | 69.06% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.05 | $0 |
| Cost of Funds (%) | ▼ | 1.93% | +0.15 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $136 | +13.23 | $123 |
| Gross Loans ($M) | ▲ | $82 | +9.74 | $72 |
| Loan Growth YoY (%) | ▲ | 66.84% | +2.00 | 64.85% |
| Total Deposits ($M) | ▲ | $121 | +11.27 | $110 |
| Shareholders Equity ($M) | ▲ | $14 | +1.96 | $13 |
| Tang. Book Value ($M) | ▲ | $14 | +1.96 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +1.77 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 66.84% | +2.00 | 64.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.72% | +0.49 | 2.22% |
| Allowance / Loans (%) | — | 1.31% | -0.17% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 4.51% | +0.73 | 3.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▂▅▆▆▁ | Net Interest Margin (%) | 3.92% | 4.00% | 4.00% | 3.63% | 3.80% | 3.84% | 3.82% | 3.52% |
| ▄▅▅▃█▇▂▁ | Return on Assets (%) | 1.18% | 1.25% | 1.25% | 1.14% | 1.48% | 1.38% | 1.07% | 0.98% |
| ▄▄▄▅▁▃▄█ | Efficiency Ratio (%) | 67.4% | 67.1% | 66.6% | 69.1% | 62.2% | 65.1% | 67.2% | 73.6% |
| ▁▁▁▄▃▁▆█ | Cost of Funds (%) | 1.68% | 1.68% | 1.68% | 1.78% | 1.74% | 1.67% | 1.86% | 1.93% |
| ▆▁▁▆▆▇▆█ | NPA / Assets (%) | 2.11% | 0.91% | 0.82% | 2.22% | 2.12% | 2.47% | 2.20% | 2.72% |
| ▅▁▁▇▆█▆█ | Net Charge-Off Ratio (%) | 3.27% | 1.52% | 1.43% | 3.79% | 3.57% | 4.26% | 3.67% | 4.51% |
| ▁▃▃▄▆███ | Tang. Book Value ($M) | $11 | $12 | $12 | $13 | $13 | $14 | $14 | $14 |
| ▁▁▁▁▂▂▅█ | Gross Loans ($M) | $72 | $73 | $73 | $72 | $73 | $74 | $77 | $82 |
| ▁▃▅▄▃▅▅█ | Total Deposits ($M) | $103 | $108 | $113 | $110 | $109 | $112 | $113 | $121 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 14% |
| Consumer | 12% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 30% |