Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.09% | -0.13 | 0.23% |
| Return on Equity (%) | ▼ | 1.14% | -1.56 | 2.70% |
| Net Interest Margin (%) | ▼ | 3.29% | -0.00 | 3.30% |
| Efficiency Ratio (%) | ▼ | 91.97% | +6.65 | 85.32% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.15 | $0 |
| Cost of Funds (%) | ▲ | 2.61% | -0.10 | 2.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $400 | +63.01 | $337 |
| Gross Loans ($M) | ▲ | $257 | +50.98 | $206 |
| Loan Growth YoY (%) | ▲ | 73.23% | +2.21 | 71.02% |
| Total Deposits ($M) | ▲ | $347 | +60.40 | $287 |
| Shareholders Equity ($M) | ▲ | $31 | +2.54 | $28 |
| Tang. Book Value ($M) | ▲ | $31 | +2.54 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +1.77 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 73.23% | +2.21 | 71.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.21 | 0.46% |
| Allowance / Loans (%) | — | 1.00% | -0.04% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.21 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▇▆██▇ | Net Interest Margin (%) | 2.93% | 3.04% | 3.11% | 3.30% | 3.22% | 3.33% | 3.36% | 3.29% |
| ▁▂▄█▄▆█▁ | Return on Assets (%) | 0.11% | 0.12% | 0.16% | 0.23% | 0.16% | 0.19% | 0.24% | 0.09% |
| █▆▅▁▃▂▃▇ | Efficiency Ratio (%) | 93.1% | 91.2% | 89.4% | 85.3% | 88.0% | 87.2% | 87.4% | 92.0% |
| ██▅▂▄▃▂▁ | Cost of Funds (%) | 3.04% | 3.06% | 2.89% | 2.71% | 2.79% | 2.78% | 2.67% | 2.61% |
| ▅▆▄▄█▁▁▁ | NPA / Assets (%) | 0.58% | 0.59% | 0.46% | 0.46% | 0.78% | 0.30% | 0.28% | 0.25% |
| ▄▅▃▃█▁▁▁ | Net Charge-Off Ratio (%) | 0.50% | 0.60% | 0.34% | 0.33% | 0.89% | 0.16% | 0.14% | 0.12% |
| ▁▃▃▃▄▇██ | Tang. Book Value ($M) | $27 | $28 | $28 | $28 | $29 | $31 | $31 | $31 |
| ▁▁▁▂▃▄▆█ | Gross Loans ($M) | $197 | $202 | $198 | $206 | $212 | $223 | $236 | $257 |
| ▁▂▂▂▃▄▅█ | Total Deposits ($M) | $275 | $285 | $288 | $287 | $299 | $307 | $317 | $347 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 14% |