Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.89% | -3.14 | 1.25% |
| Return on Equity (%) | ▼ | -20.07% | -35.23 | 15.16% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.07 | 4.06% |
| Efficiency Ratio (%) | ▲ | 60.58% | -2.69 | 63.27% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.07 | $0 |
| Cost of Funds (%) | ▼ | 1.62% | +0.19 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $124 | +7.91 | $116 |
| Gross Loans ($M) | ▲ | $107 | +13.82 | $93 |
| Loan Growth YoY (%) | ▲ | 102.24% | +10.07 | 92.17% |
| Total Deposits ($M) | ▲ | $102 | +2.58 | $99 |
| Shareholders Equity ($M) | ▲ | $12 | +3.18 | $9 |
| Tang. Book Value ($M) | ▲ | $12 | +3.18 | $9 |
| Loan / Deposit Ratio (%) | ▲ | 102.24% | +10.07 | 92.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.79% | +2.79 | 0.00% |
| Allowance / Loans (%) | — | 2.17% | 0.94% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 2.67% | +2.67 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -9.93 | 9.93% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇████ | Net Interest Margin (%) | 3.39% | 3.51% | 3.68% | 4.06% | 4.11% | 4.16% | 4.13% | 4.14% |
| ▇▇█████▁ | Return on Assets (%) | 0.79% | 0.93% | 1.09% | 1.25% | 1.27% | 1.30% | 1.37% | -1.89% |
| █▇▄▃▂▂▁▁ | Efficiency Ratio (%) | 72.0% | 69.2% | 65.4% | 63.3% | 61.8% | 62.1% | 59.8% | 60.6% |
| ▆▅▂▁▃█▅▃ | Cost of Funds (%) | 1.81% | 1.70% | 1.55% | 1.43% | 1.60% | 1.95% | 1.70% | 1.62% |
| ▁▁▁▁▁▂██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.60% | 2.88% | 2.79% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.95% | 2.67% |
| ▁▁▂▂▃▃▄█ | Tang. Book Value ($M) | $9 | $9 | $10 | $9 | $10 | $10 | $11 | $12 |
| ▁▁▂▃▄▃▄█ | Gross Loans ($M) | $87 | $89 | $90 | $93 | $97 | $94 | $97 | $107 |
| ▁▃▁▄▃▃█▅ | Total Deposits ($M) | $92 | $98 | $94 | $99 | $98 | $98 | $110 | $102 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 24% |