Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.57 | 0.32% |
| Return on Equity (%) | ▲ | 7.82% | +5.31 | 2.51% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.41 | 3.46% |
| Efficiency Ratio (%) | ▼ | 91.52% | +4.80 | 86.72% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.15 | $1 |
| Cost of Funds (%) | ▼ | 1.15% | +0.05 | 1.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $447 | -12.16 | $459 |
| Gross Loans ($M) | ▼ | $255 | -24.41 | $280 |
| Loan Growth YoY (%) | ▼ | 64.04% | -5.58 | 69.62% |
| Total Deposits ($M) | ▼ | $393 | -3.34 | $396 |
| Shareholders Equity ($M) | ▼ | $51 | -9.69 | $60 |
| Tang. Book Value ($M) | ▼ | $51 | -9.69 | $60 |
| TBV excl. AOCI ($M)** | ▼ | $52 | -9.85 | $62 |
| Loan / Deposit Ratio (%) | ▼ | 64.04% | -5.58 | 69.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.93% | +0.85 | 1.09% |
| Allowance / Loans (%) | — | 1.50% | 0.07% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 3.33% | +1.54 | 1.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.98% | -5.12 | 28.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄████ | Net Interest Margin (%) | 3.03% | 3.22% | 3.27% | 3.46% | 3.85% | 3.82% | 3.90% | 3.88% |
| ▁▂▁▅▆▆▅█ | Return on Assets (%) | -0.34% | -0.16% | -0.35% | 0.32% | 0.50% | 0.51% | 0.34% | 0.89% |
| █▆█▂▁▁▂▃ | Efficiency Ratio (%) | 113.2% | 105.7% | 114.4% | 86.7% | 82.8% | 82.6% | 87.7% | 91.5% |
| █▆▄▁▁▁▁▁ | Cost of Funds (%) | 1.59% | 1.44% | 1.30% | 1.11% | 1.11% | 1.10% | 1.16% | 1.15% |
| ▁▁▄▄▅▅█▇ | NPA / Assets (%) | 0.24% | 0.25% | 1.08% | 1.09% | 1.37% | 1.36% | 2.42% | 1.93% |
| ▁▁▄▄▅▅█▇ | Net Charge-Off Ratio (%) | 0.13% | 0.34% | 1.72% | 1.79% | 2.29% | 2.25% | 3.83% | 3.33% |
| ▁▁███▆▆▆ | Tang. Book Value ($M) | $30 | $31 | $60 | $60 | $61 | $50 | $50 | $51 |
| █▇▅▃▂▂▃▁ | Gross Loans ($M) | $323 | $308 | $296 | $280 | $266 | $268 | $275 | $255 |
| ▂▁█▅▃▅▁▅ | Total Deposits ($M) | $383 | $379 | $407 | $396 | $386 | $393 | $381 | $393 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 30% |