Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.86% | -0.73 | 1.59% |
| Return on Equity (%) | ▼ | 4.66% | -4.16 | 8.82% |
| Net Interest Margin (%) | ▼ | 6.81% | -0.31 | 7.13% |
| Efficiency Ratio (%) | ▼ | 83.27% | +13.25 | 70.02% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.35 | $1 |
| Cost of Funds (%) | ▲ | 1.55% | -0.06 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $171 | +11.45 | $159 |
| Gross Loans ($M) | ▲ | $118 | +10.36 | $107 |
| Loan Growth YoY (%) | ▲ | 84.40% | +1.89 | 82.50% |
| Total Deposits ($M) | ▲ | $138 | +9.22 | $129 |
| Shareholders Equity ($M) | ▲ | $31 | +2.00 | $29 |
| Tang. Book Value ($M) | ▲ | $28 | +2.00 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 84.40% | +1.89 | 82.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.07 | 0.19% |
| Allowance / Loans (%) | — | 1.23% | 0.01% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.10 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▄▇██▁ | Net Interest Margin (%) | 6.83% | 6.94% | 6.89% | 7.13% | 7.39% | 7.54% | 7.48% | 6.81% |
| ▆▇▆▇███▁ | Return on Assets (%) | 1.50% | 1.52% | 1.50% | 1.59% | 1.72% | 1.74% | 1.66% | 0.86% |
| ▂▂▂▂▁▁▁█ | Efficiency Ratio (%) | 70.5% | 70.6% | 70.9% | 70.0% | 68.0% | 67.8% | 69.1% | 83.3% |
| █▇▇▃▁▁▁▂ | Cost of Funds (%) | 1.88% | 1.80% | 1.78% | 1.61% | 1.48% | 1.44% | 1.46% | 1.55% |
| ▆█▁▁▁▃▂▁ | NPA / Assets (%) | 0.61% | 0.84% | 0.19% | 0.19% | 0.18% | 0.35% | 0.26% | 0.12% |
| ▆█▁▁▁▃▂▁ | Net Charge-Off Ratio (%) | 0.95% | 1.38% | 0.30% | 0.28% | 0.27% | 0.50% | 0.38% | 0.18% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $24 | $25 | $25 | $26 | $27 | $27 | $27 | $28 |
| ▃▁▁▄▆▅██ | Gross Loans ($M) | $106 | $100 | $100 | $107 | $111 | $111 | $116 | $118 |
| ▇▅▃▁▁▁▆█ | Total Deposits ($M) | $136 | $134 | $131 | $129 | $129 | $129 | $135 | $138 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 23% |