Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.66% | -0.05 | 0.71% |
| Return on Equity (%) | ▼ | 4.69% | -0.91 | 5.60% |
| Net Interest Margin (%) | ▲ | 4.11% | +0.06 | 4.06% |
| Efficiency Ratio (%) | ▼ | 78.60% | +4.13 | 74.46% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.29 | $1 |
| Cost of Funds (%) | ▲ | 1.00% | -0.21 | 1.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $489 | -10.15 | $499 |
| Gross Loans ($M) | ▼ | $273 | -13.16 | $287 |
| Loan Growth YoY (%) | ▼ | 65.09% | -0.94 | 66.03% |
| Total Deposits ($M) | ▼ | $414 | -13.60 | $428 |
| Shareholders Equity ($M) | ▲ | $68 | +3.28 | $65 |
| Tang. Book Value ($M) | ▲ | $68 | +3.25 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +3.44 | $72 |
| Loan / Deposit Ratio (%) | ▼ | 65.09% | -0.94 | 66.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.31% | +0.96 | 0.35% |
| Allowance / Loans (%) | — | 1.39% | -0.04% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 2.34% | +1.77 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.60% | +0.99 | 23.61% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▃▄▅▂ | Net Interest Margin (%) | 4.39% | 4.32% | 4.26% | 4.06% | 4.17% | 4.20% | 4.25% | 4.11% |
| ▆██▂▂▇▃▁ | Return on Assets (%) | 0.81% | 0.88% | 0.89% | 0.71% | 0.69% | 0.84% | 0.72% | 0.66% |
| ▆▄▃▂▄▁▃█ | Efficiency Ratio (%) | 77.2% | 76.0% | 75.1% | 74.5% | 75.8% | 73.7% | 75.0% | 78.6% |
| ▃▆█▆▅▄▂▁ | Cost of Funds (%) | 1.10% | 1.24% | 1.33% | 1.21% | 1.17% | 1.13% | 1.07% | 1.00% |
| ▁▂▂▁▁▄▅█ | NPA / Assets (%) | 0.25% | 0.42% | 0.44% | 0.35% | 0.33% | 0.71% | 0.91% | 1.31% |
| ▁▂▂▁▁▄▅█ | Net Charge-Off Ratio (%) | 0.40% | 0.72% | 0.74% | 0.57% | 0.54% | 1.27% | 1.56% | 2.34% |
| ▁▅▂▅▆███ | Tang. Book Value ($M) | $60 | $64 | $62 | $65 | $66 | $67 | $68 | $68 |
| ▂▆▇█▆▁▄▁ | Gross Loans ($M) | $276 | $283 | $284 | $287 | $283 | $275 | $279 | $273 |
| ▁▅██▇▆▄▆ | Total Deposits ($M) | $384 | $411 | $430 | $428 | $421 | $418 | $405 | $414 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 17% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 14% |