Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.78% | -0.19 | 1.97% |
| Return on Equity (%) | ▼ | 13.89% | -4.08 | 17.97% |
| Net Interest Margin (%) | ▼ | 3.80% | -0.21 | 4.01% |
| Efficiency Ratio (%) | ▼ | 39.25% | +4.02 | 35.23% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.40 | $3 |
| Cost of Funds (%) | ▲ | 2.26% | -0.06 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $543 | -7.49 | $551 |
| Gross Loans ($M) | ▼ | $403 | -21.50 | $425 |
| Loan Growth YoY (%) | ▼ | 90.72% | -2.60 | 93.32% |
| Total Deposits ($M) | ▼ | $438 | -10.82 | $449 |
| Shareholders Equity ($M) | ▲ | $68 | +7.78 | $60 |
| Tang. Book Value ($M) | ▲ | $68 | +7.78 | $60 |
| Loan / Deposit Ratio (%) | ▼ | 90.72% | -2.60 | 93.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.62 | 0.98% |
| Allowance / Loans (%) | — | 1.41% | 0.07% | 1.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.48% | -0.79 | 1.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.19% | +2.62 | 11.56% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▂▃▃▃▁ | Net Interest Margin (%) | 5.00% | 4.94% | 4.84% | 4.01% | 4.11% | 4.22% | 4.13% | 3.80% |
| ███▂▃▃▃▁ | Return on Assets (%) | 2.71% | 2.68% | 2.61% | 1.97% | 2.02% | 2.13% | 2.08% | 1.78% |
| ▁▁▁▆▆▅▆█ | Efficiency Ratio (%) | 28.3% | 28.7% | 29.3% | 35.2% | 35.4% | 34.3% | 35.2% | 39.2% |
| ▃▆▄▂▄▆█▁ | Cost of Funds (%) | 2.33% | 2.44% | 2.38% | 2.32% | 2.37% | 2.42% | 2.52% | 2.26% |
| ▃▁███▁▁▃ | NPA / Assets (%) | 0.34% | 0.12% | 1.03% | 0.98% | 1.03% | 0.09% | 0.07% | 0.36% |
| ▃▁███▁▁▃ | Net Charge-Off Ratio (%) | 0.43% | 0.14% | 1.19% | 1.27% | 1.34% | 0.13% | 0.09% | 0.48% |
| █▁▂▃▅▆▇▇ | Tang. Book Value ($M) | $71 | $54 | $57 | $60 | $63 | $66 | $68 | $68 |
| ▅▆█▄▁▁▂▁ | Gross Loans ($M) | $429 | $434 | $454 | $425 | $400 | $398 | $407 | $403 |
| ▅▆▄█▁▆▂▆ | Total Deposits ($M) | $431 | $438 | $427 | $449 | $412 | $436 | $420 | $438 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 37% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 32% |
| Brokered / Other | 43% |