Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +1.98 | -0.07% |
| Return on Equity (%) | ▲ | 11.57% | +12.08 | -0.51% |
| Net Interest Margin (%) | ▼ | 5.98% | -0.89 | 6.88% |
| Efficiency Ratio (%) | ▼ | 58.08% | +10.84 | 47.24% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.59 | $2 |
| Cost of Funds (%) | ▼ | 1.53% | +0.06 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $222 | -3.00 | $225 |
| Gross Loans ($M) | ▼ | $126 | -5.11 | $131 |
| Loan Growth YoY (%) | ▲ | 67.78% | +0.57 | 67.22% |
| Total Deposits ($M) | ▼ | $183 | -8.32 | $191 |
| Shareholders Equity ($M) | ▲ | $37 | +5.04 | $32 |
| Tang. Book Value ($M) | ▲ | $35 | +5.18 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 67.78% | +0.57 | 67.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.84% | -0.46 | 2.30% |
| Allowance / Loans (%) | — | 1.53% | -0.37% | 1.90% |
| Net Charge-Off Ratio (%) | ▲ | 3.23% | -0.71 | 3.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.08% | +3.14 | 21.94% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▇▇▇▆▆ | Net Interest Margin (%) | 7.88% | 7.40% | 2.17% | 6.88% | 6.96% | 6.64% | 6.40% | 5.98% |
| █▄▁▃▇▇▆▇ | Return on Assets (%) | 2.85% | 0.63% | -1.29% | -0.07% | 1.84% | 1.93% | 1.80% | 1.91% |
| ▅▇▁▄▁▃▃█ | Efficiency Ratio (%) | 49.9% | 55.6% | 40.4% | 47.2% | 41.9% | 44.9% | 45.9% | 58.1% |
| ██▁▇███▇ | Cost of Funds (%) | 2.57% | 2.62% | -6.10% | 1.48% | 1.87% | 1.71% | 1.68% | 1.53% |
| ▅█▅▂▂▂▁▁ | NPA / Assets (%) | 3.34% | 4.60% | 3.52% | 2.30% | 2.32% | 2.26% | 1.85% | 1.84% |
| ▄█▇▂▄▄▁▁ | Net Charge-Off Ratio (%) | 4.42% | 6.23% | 5.63% | 3.94% | 4.53% | 4.60% | 3.18% | 3.23% |
| █▆▁▁▃▅▆█ | Tang. Book Value ($M) | $36 | $34 | $30 | $30 | $32 | $34 | $34 | $35 |
| ██▃▃▁▁▃▃ | Gross Loans ($M) | $163 | $158 | $129 | $131 | $114 | $112 | $126 | $126 |
| ▃▃▁█▇█▃▅ | Total Deposits ($M) | $178 | $178 | $171 | $191 | $187 | $192 | $178 | $183 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 22% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 12% |