Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.50% | +0.56 | -0.06% |
| Return on Equity (%) | ▲ | 6.98% | +7.74 | -0.76% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.51 | 3.01% |
| Efficiency Ratio (%) | ▲ | 84.44% | -14.98 | 99.42% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.76 | $0 |
| Cost of Funds (%) | ▲ | 2.27% | -0.26 | 2.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $524 | -23.75 | $548 |
| Gross Loans ($M) | ▼ | $405 | -52.33 | $457 |
| Loan Growth YoY (%) | ▼ | 93.51% | -7.09 | 100.60% |
| Total Deposits ($M) | ▼ | $427 | -23.08 | $450 |
| Shareholders Equity ($M) | ▼ | $38 | -4.00 | $42 |
| Tang. Book Value ($M) | ▼ | $36 | -3.82 | $40 |
| TBV excl. AOCI ($M)** | ▼ | $41 | -2.98 | $44 |
| Loan / Deposit Ratio (%) | ▼ | 93.51% | -7.09 | 100.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.62% | -1.26 | 2.88% |
| Allowance / Loans (%) | — | 1.51% | 0.42% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 2.04% | -1.42 | 3.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.24% | -1.00 | 12.25% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▁▃▅▅▆█ | Net Interest Margin (%) | 2.94% | 2.74% | 2.77% | 3.01% | 3.14% | 3.23% | 3.26% | 3.53% |
| ▇▇▆▇▁▃▃█ | Return on Assets (%) | -0.02% | -0.07% | -0.12% | -0.06% | -1.81% | -1.12% | -1.17% | 0.50% |
| ▇███▆▅▄▁ | Efficiency Ratio (%) | 98.2% | 99.9% | 101.3% | 99.4% | 96.0% | 94.1% | 92.4% | 84.4% |
| ▇█▇▄▄▃▁▁ | Cost of Funds (%) | 2.73% | 2.83% | 2.75% | 2.53% | 2.50% | 2.47% | 2.30% | 2.27% |
| ▁▇███▅▄▅ | NPA / Assets (%) | 0.24% | 2.49% | 2.70% | 2.88% | 2.94% | 1.69% | 1.57% | 1.62% |
| ▁████▅▅▅ | Net Charge-Off Ratio (%) | 0.29% | 3.14% | 3.29% | 3.45% | 3.42% | 2.00% | 1.93% | 2.04% |
| ▅█▆▇▁▄▂▂ | Tang. Book Value ($M) | $39 | $41 | $39 | $40 | $35 | $37 | $36 | $36 |
| ██▇▇█▅▃▁ | Gross Loans ($M) | $467 | $460 | $454 | $457 | $460 | $444 | $423 | $405 |
| ▆█▅▅▂▃▂▁ | Total Deposits ($M) | $458 | $469 | $450 | $450 | $435 | $437 | $435 | $427 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 22% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |