Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.38% | -0.12 | 0.50% |
| Return on Equity (%) | ▼ | 5.23% | -2.60 | 7.83% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.02 | 2.92% |
| Efficiency Ratio (%) | ▼ | 86.64% | +5.31 | 81.33% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.07 | $0 |
| Cost of Funds (%) | ▼ | 1.80% | +0.04 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $193 | +6.75 | $186 |
| Gross Loans ($M) | ▼ | $93 | -0.26 | $94 |
| Loan Growth YoY (%) | ▼ | 52.60% | -1.78 | 54.38% |
| Total Deposits ($M) | ▲ | $175 | +5.36 | $170 |
| Shareholders Equity ($M) | ▲ | $14 | +1.52 | $12 |
| Tang. Book Value ($M) | ▲ | $14 | +1.52 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $17 | +1.68 | $16 |
| Loan / Deposit Ratio (%) | ▼ | 52.60% | -1.78 | 54.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.51% | -0.01 | 0.52% |
| Allowance / Loans (%) | — | 1.28% | -0.05% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 1.05% | +0.02 | 1.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.03% | +0.58 | 16.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅██▆▅ | Net Interest Margin (%) | 2.80% | 2.79% | 2.78% | 2.92% | 3.04% | 3.02% | 2.97% | 2.93% |
| ▄▂▁▄█▇▅▁ | Return on Assets (%) | 0.50% | 0.44% | 0.41% | 0.50% | 0.68% | 0.62% | 0.55% | 0.38% |
| ▃▆▇▄▁▂▄█ | Efficiency Ratio (%) | 80.9% | 83.7% | 84.9% | 81.3% | 77.8% | 79.6% | 81.6% | 86.6% |
| ▄▆█▁▁▅▅▁ | Cost of Funds (%) | 1.91% | 2.00% | 2.10% | 1.77% | 1.78% | 1.95% | 1.95% | 1.80% |
| ▁▁▂▇▂▃█▇ | NPA / Assets (%) | 0.26% | 0.29% | 0.32% | 0.52% | 0.31% | 0.35% | 0.59% | 0.51% |
| ▁▂▂▇▂▃█▇ | Net Charge-Off Ratio (%) | 0.48% | 0.57% | 0.63% | 1.03% | 0.63% | 0.69% | 1.19% | 1.05% |
| ▁▄▃▅▆███ | Tang. Book Value ($M) | $10 | $12 | $11 | $12 | $13 | $14 | $14 | $14 |
| ▂▄▁▅█▃▃▄ | Gross Loans ($M) | $93 | $93 | $92 | $94 | $95 | $93 | $93 | $93 |
| ▁▅▅▆█▆▇█ | Total Deposits ($M) | $158 | $167 | $169 | $170 | $174 | $169 | $171 | $175 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 17% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 24% |