Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.59% | +0.43 | 0.15% |
| Return on Equity (%) | ▲ | 5.76% | +4.16 | 1.60% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.85 | 2.54% |
| Efficiency Ratio (%) | ▲ | 75.58% | -16.09 | 91.67% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.59 | $0 |
| Cost of Funds (%) | ▲ | 1.94% | -0.83 | 2.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $395 | -2.27 | $398 |
| Gross Loans ($M) | ▼ | $287 | -0.86 | $288 |
| Loan Growth YoY (%) | ▲ | 90.20% | +7.20 | 83.00% |
| Total Deposits ($M) | ▼ | $314 | -28.28 | $343 |
| Shareholders Equity ($M) | ▲ | $40 | +2.30 | $38 |
| Tang. Book Value ($M) | ▲ | $40 | +2.30 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +2.34 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 90.20% | +7.20 | 83.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.64% | +0.39 | 4.26% |
| Allowance / Loans (%) | — | 1.20% | -0.00% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 6.40% | +0.52 | 5.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.22% | +0.73 | 13.49% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▁▂▄▅█ | Net Interest Margin (%) | 2.61% | 2.71% | 2.63% | 2.54% | 2.75% | 2.89% | 3.00% | 3.39% |
| ▁▂▁▁▃▄▅█ | Return on Assets (%) | 0.17% | 0.21% | 0.18% | 0.15% | 0.26% | 0.32% | 0.38% | 0.59% |
| ▇▇██▆▅▄▁ | Efficiency Ratio (%) | 89.3% | 87.9% | 90.7% | 91.7% | 86.6% | 84.6% | 81.8% | 75.6% |
| ███▇▅▃▃▁ | Cost of Funds (%) | 3.01% | 2.95% | 3.02% | 2.77% | 2.61% | 2.28% | 2.22% | 1.94% |
| ▁▃█▇▃▅▃█ | NPA / Assets (%) | 2.62% | 3.32% | 4.57% | 4.26% | 3.36% | 3.67% | 3.25% | 4.64% |
| ▁▃█▇▄▅▃█ | Net Charge-Off Ratio (%) | 3.32% | 4.21% | 6.21% | 5.88% | 4.53% | 4.94% | 4.43% | 6.40% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $37 | $38 | $38 | $38 | $38 | $39 | $40 | $40 |
| ▆█▆▅▁▂▅▅ | Gross Loans ($M) | $290 | $295 | $290 | $288 | $277 | $280 | $288 | $287 |
| ▄▅█▇▁▄▁▂ | Total Deposits ($M) | $328 | $333 | $355 | $343 | $305 | $327 | $308 | $314 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 13% |