Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.39% | +0.00 | 0.39% |
| Return on Equity (%) | ▼ | 3.31% | -0.09 | 3.40% |
| Net Interest Margin (%) | ▲ | 2.75% | +0.05 | 2.70% |
| Efficiency Ratio (%) | ▲ | 79.05% | -0.77 | 79.82% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.02 | $0 |
| Cost of Funds (%) | ▼ | 1.68% | +0.02 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $139 | +10.37 | $128 |
| Gross Loans ($M) | ▼ | $57 | -0.92 | $58 |
| Loan Growth YoY (%) | ▼ | 46.56% | -4.47 | 51.03% |
| Total Deposits ($M) | ▲ | $122 | +8.81 | $113 |
| Shareholders Equity ($M) | ▲ | $16 | +1.71 | $14 |
| Tang. Book Value ($M) | ▲ | $16 | +1.71 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +2.07 | $17 |
| Loan / Deposit Ratio (%) | ▼ | 46.56% | -4.47 | 51.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.11% | +2.07 | 0.05% |
| Allowance / Loans (%) | — | 1.02% | 0.08% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 5.11% | +5.00 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▇█▇▇█ | Net Interest Margin (%) | 2.54% | 2.57% | 2.63% | 2.70% | 2.73% | 2.71% | 2.72% | 2.75% |
| ▁▁█▃▆▆▅▃ | Return on Assets (%) | 0.30% | 0.30% | 0.58% | 0.39% | 0.48% | 0.47% | 0.45% | 0.39% |
| █▇▁▃▁▁▂▃ | Efficiency Ratio (%) | 85.5% | 83.8% | 76.9% | 79.8% | 76.9% | 76.9% | 78.2% | 79.0% |
| ▁▂█▂▄▆▅▃ | Cost of Funds (%) | 1.62% | 1.65% | 1.81% | 1.65% | 1.70% | 1.74% | 1.73% | 1.68% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.01% | 0.01% | 0.11% | 0.05% | 0.10% | 0.04% | 2.20% | 2.11% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.03% | 0.02% | 0.23% | 0.11% | 0.24% | 0.10% | 5.10% | 5.11% |
| ▁▆▁▃▄███ | Tang. Book Value ($M) | $14 | $15 | $14 | $14 | $15 | $16 | $16 | $16 |
| ▁▁▆█▄▆█▇ | Gross Loans ($M) | $53 | $54 | $57 | $58 | $56 | $57 | $58 | $57 |
| ▃▃▁▅██▇█ | Total Deposits ($M) | $109 | $109 | $102 | $113 | $120 | $121 | $117 | $122 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 27% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 17% |