Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.30% | -0.50 | 0.79% |
| Return on Equity (%) | ▼ | 3.96% | -7.03 | 10.99% |
| Net Interest Margin (%) | ▼ | 3.88% | -0.06 | 3.94% |
| Efficiency Ratio (%) | ▼ | 75.76% | +0.06 | 75.70% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.07 | $2 |
| Cost of Funds (%) | ▲ | 1.76% | -0.10 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $770 | -23.49 | $793 |
| Gross Loans ($M) | ▼ | $552 | -0.63 | $552 |
| Loan Growth YoY (%) | ▲ | 80.20% | +1.32 | 78.88% |
| Total Deposits ($M) | ▼ | $671 | -18.11 | $689 |
| Shareholders Equity ($M) | ▲ | $57 | +0.20 | $57 |
| Tang. Book Value ($M) | ▲ | $55 | +0.51 | $55 |
| TBV excl. AOCI ($M)** | ▼ | $65 | -0.19 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 80.20% | +1.32 | 78.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.92% | +0.85 | 0.07% |
| Allowance / Loans (%) | — | 2.50% | 0.87% | 1.63% |
| Net Charge-Off Ratio (%) | ▼ | 1.12% | +1.11 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.26% | -0.27 | 10.52% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▇██▆ | Net Interest Margin (%) | 3.61% | 3.63% | 3.70% | 3.94% | 3.94% | 3.99% | 4.01% | 3.88% |
| ▇▇▇█▄▅▁▃ | Return on Assets (%) | 0.65% | 0.61% | 0.67% | 0.79% | 0.39% | 0.47% | 0.01% | 0.30% |
| ██▇▄▃▃▁▄ | Efficiency Ratio (%) | 81.5% | 81.3% | 79.3% | 75.7% | 75.0% | 74.3% | 71.1% | 75.8% |
| ██▇▂▃▄▃▁ | Cost of Funds (%) | 2.16% | 2.17% | 2.11% | 1.86% | 1.87% | 1.94% | 1.89% | 1.76% |
| ▁▁▁▁██▅▅ | NPA / Assets (%) | 0.02% | 0.03% | 0.16% | 0.07% | 1.48% | 1.48% | 0.91% | 0.92% |
| ▁▁▁▁██▅▅ | Net Charge-Off Ratio (%) | 0.03% | 0.04% | 0.03% | 0.01% | 1.90% | 1.90% | 1.11% | 1.12% |
| ▁▆▃▆▅█▇▆ | Tang. Book Value ($M) | $51 | $55 | $53 | $55 | $54 | $57 | $55 | $55 |
| ▃▁▁▅██▃▅ | Gross Loans ($M) | $547 | $543 | $544 | $552 | $559 | $560 | $548 | $552 |
| ▁▂▁█▁▄▂▄ | Total Deposits ($M) | $654 | $663 | $656 | $689 | $655 | $671 | $661 | $671 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 26% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 11% |