Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.12 | 1.22% |
| Return on Equity (%) | ▼ | 23.89% | -10.79 | 34.68% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.62 | 3.64% |
| Efficiency Ratio (%) | ▼ | 64.62% | +0.78 | 63.84% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.21 | $2 |
| Cost of Funds (%) | ▲ | 0.88% | -0.01 | 0.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $465 | -2.54 | $467 |
| Gross Loans ($M) | ▲ | $219 | +5.89 | $214 |
| Loan Growth YoY (%) | ▲ | 49.42% | +2.16 | 47.26% |
| Total Deposits ($M) | ▼ | $436 | -8.11 | $444 |
| Shareholders Equity ($M) | ▲ | $26 | +7.87 | $18 |
| Tang. Book Value ($M) | ▲ | $26 | +7.87 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +7.46 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 49.42% | +2.16 | 47.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.18% | -0.02 | 1.20% |
| Allowance / Loans (%) | — | 1.76% | 0.09% | 1.67% |
| Net Charge-Off Ratio (%) | ▲ | 2.49% | -0.14 | 2.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 3.37% | 3.32% | 3.37% | 3.64% | 3.71% | 3.77% | 3.81% | 4.27% |
| ▁▁▁▁█▇▇▃ | Return on Assets (%) | 1.17% | 1.16% | 1.20% | 1.22% | 1.77% | 1.66% | 1.62% | 1.34% |
| ███▆▁▂▁▇ | Efficiency Ratio (%) | 66.8% | 67.0% | 66.1% | 63.8% | 56.2% | 57.9% | 57.2% | 64.6% |
| █▇█▅▃▁▃▄ | Cost of Funds (%) | 0.97% | 0.95% | 0.97% | 0.89% | 0.86% | 0.80% | 0.85% | 0.88% |
| ▁▆██▇▆██ | NPA / Assets (%) | 0.35% | 0.95% | 1.19% | 1.20% | 1.03% | 0.97% | 1.12% | 1.18% |
| ▁▇██▆▆▇█ | Net Charge-Off Ratio (%) | 0.79% | 2.22% | 2.66% | 2.63% | 2.19% | 2.05% | 2.38% | 2.49% |
| ▁▆▁▃▄▇██ | Tang. Book Value ($M) | $14 | $22 | $15 | $18 | $19 | $24 | $26 | $26 |
| ▁▁▃▄▅▅█▇ | Gross Loans ($M) | $208 | $209 | $212 | $214 | $215 | $216 | $222 | $219 |
| ▄█▇▄▂▁▃▂ | Total Deposits ($M) | $445 | $463 | $457 | $444 | $437 | $432 | $442 | $436 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 6% |
| Consumer | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 10% |