Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.90% | -0.02 | 0.92% |
| Return on Equity (%) | ▼ | 5.60% | -0.09 | 5.69% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.01 | 3.34% |
| Efficiency Ratio (%) | ▼ | 58.31% | +1.88 | 56.43% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.02 | $0 |
| Cost of Funds (%) | ▲ | 2.01% | -0.06 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $120 | +8.29 | $111 |
| Gross Loans ($M) | ▲ | $80 | +5.73 | $75 |
| Loan Growth YoY (%) | ▼ | 79.15% | -0.09 | 79.24% |
| Total Deposits ($M) | ▲ | $100 | +7.24 | $93 |
| Shareholders Equity ($M) | ▲ | $19 | +1.03 | $18 |
| Tang. Book Value ($M) | ▲ | $12 | +1.16 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +1.32 | $12 |
| Loan / Deposit Ratio (%) | ▼ | 79.15% | -0.09 | 79.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 4.25% | -0.24 | 4.49% |
| Allowance / Loans (%) | — | 1.06% | 0.04% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 6.33% | -0.38 | 6.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▅▁▁▂▁▁ | Net Interest Margin (%) | 3.76% | 3.70% | 3.59% | 3.34% | 3.38% | 3.40% | 3.39% | 3.34% |
| ▁▄▄█▇███ | Return on Assets (%) | 0.33% | 0.56% | 0.59% | 0.92% | 0.84% | 0.88% | 0.87% | 0.90% |
| █▆▅▁▅▄▄▂ | Efficiency Ratio (%) | 65.0% | 62.5% | 61.1% | 56.4% | 61.1% | 59.9% | 59.8% | 58.3% |
| ▁▂█████▇ | Cost of Funds (%) | 1.52% | 1.60% | 2.03% | 2.06% | 2.08% | 2.06% | 2.08% | 2.01% |
| █▆▃▂▂▁▁▁ | NPA / Assets (%) | 5.54% | 5.12% | 4.55% | 4.49% | 4.44% | 4.20% | 4.16% | 4.25% |
| █▇▄▄▂▁▁▁ | Net Charge-Off Ratio (%) | 7.53% | 7.24% | 6.71% | 6.71% | 6.48% | 6.33% | 6.19% | 6.33% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $10 | $11 | $11 | $11 | $11 | $12 | $12 | $12 |
| ▁▂▅▅▆▇██ | Gross Loans ($M) | $68 | $71 | $75 | $75 | $77 | $77 | $79 | $80 |
| ▁▃▆▆▆███ | Total Deposits ($M) | $75 | $82 | $92 | $93 | $94 | $98 | $98 | $100 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 20% |