Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.32% | -0.30 | 1.63% |
| Return on Equity (%) | ▼ | 13.65% | -4.89 | 18.54% |
| Net Interest Margin (%) | ▼ | 4.10% | -0.04 | 4.15% |
| Efficiency Ratio (%) | ▼ | 69.16% | +6.83 | 62.33% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.46 | $2 |
| Cost of Funds (%) | ▼ | 0.53% | +0.08 | 0.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $471 | -27.97 | $499 |
| Gross Loans ($M) | ▲ | $211 | +31.88 | $179 |
| Loan Growth YoY (%) | ▲ | 49.17% | +10.67 | 38.50% |
| Total Deposits ($M) | ▼ | $423 | -31.74 | $455 |
| Shareholders Equity ($M) | ▲ | $47 | +3.83 | $43 |
| Tang. Book Value ($M) | ▲ | $47 | +3.83 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +4.35 | $53 |
| Loan / Deposit Ratio (%) | ▲ | 49.17% | +10.67 | 38.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.93% | +0.76 | 0.17% |
| Allowance / Loans (%) | — | 1.44% | -0.83% | 2.27% |
| Net Charge-Off Ratio (%) | ▼ | 2.07% | +1.61 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.97% | -1.13 | 18.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▇▆▆▇█▅ | Net Interest Margin (%) | 3.82% | 4.03% | 4.21% | 4.15% | 4.18% | 4.24% | 4.33% | 4.10% |
| ▁▂▅▅█▇▆▃ | Return on Assets (%) | 0.86% | 1.11% | 1.62% | 1.63% | 2.17% | 1.94% | 1.80% | 1.32% |
| █▆▄▁▁▁▂▄ | Efficiency Ratio (%) | 77.0% | 72.9% | 69.0% | 62.3% | 63.0% | 63.5% | 64.5% | 69.2% |
| █▇▃▁▁▁▁▂ | Cost of Funds (%) | 0.87% | 0.80% | 0.57% | 0.45% | 0.49% | 0.50% | 0.46% | 0.53% |
| █▇▂▁▁▂▄▄ | NPA / Assets (%) | 1.89% | 1.66% | 0.43% | 0.17% | 0.16% | 0.58% | 0.92% | 0.93% |
| █▇▂▁▁▂▄▄ | Net Charge-Off Ratio (%) | 4.77% | 4.18% | 1.15% | 0.46% | 0.45% | 1.44% | 2.14% | 2.07% |
| ▁▄▅▅▆▆▇█ | Tang. Book Value ($M) | $39 | $42 | $43 | $43 | $44 | $44 | $45 | $47 |
| ▁▁▁▁▂▅▇█ | Gross Loans ($M) | $179 | $181 | $179 | $179 | $186 | $195 | $204 | $211 |
| ▃▄▂▇█▅▂▁ | Total Deposits ($M) | $434 | $441 | $432 | $455 | $462 | $444 | $428 | $423 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 5% |