Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.43% | -0.22 | 0.64% |
| Return on Equity (%) | ▼ | 1.62% | -0.94 | 2.56% |
| Net Interest Margin (%) | ▼ | 4.07% | -0.02 | 4.09% |
| Efficiency Ratio (%) | ▼ | 83.62% | +7.60 | 76.02% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.40 | $1 |
| Cost of Funds (%) | ▲ | 2.34% | -0.53 | 2.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $515 | -15.31 | $531 |
| Gross Loans ($M) | ▲ | $382 | +27.54 | $355 |
| Loan Growth YoY (%) | ▲ | 101.28% | +11.72 | 89.56% |
| Total Deposits ($M) | ▼ | $371 | -18.23 | $389 |
| Shareholders Equity ($M) | ▲ | $139 | +5.11 | $134 |
| Tang. Book Value ($M) | ▲ | $138 | +5.53 | $133 |
| Loan / Deposit Ratio (%) | ▲ | 101.28% | +11.72 | 89.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 7.52% | +5.93 | 1.60% |
| Allowance / Loans (%) | — | 1.65% | -0.02% | 1.68% |
| Net Charge-Off Ratio (%) | ▼ | 10.14% | +8.39 | 1.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 41.99% | -1.07 | 43.06% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▄▁▃█▆▁ | Net Interest Margin (%) | 4.19% | 4.12% | 4.23% | 4.09% | 4.20% | 4.45% | 4.36% | 4.07% |
| █▆▆▃▂▃▃▁ | Return on Assets (%) | 1.20% | 0.92% | 0.94% | 0.64% | 0.53% | 0.69% | 0.66% | 0.43% |
| ▁▂▂▆█▅▆█ | Efficiency Ratio (%) | 61.8% | 64.6% | 65.3% | 76.0% | 81.1% | 74.8% | 75.9% | 83.6% |
| ███▆▅▃▂▁ | Cost of Funds (%) | 3.15% | 3.13% | 3.13% | 2.88% | 2.84% | 2.57% | 2.52% | 2.34% |
| ▁▁▁▁▃▄▆█ | NPA / Assets (%) | 0.81% | 1.21% | 1.37% | 1.60% | 2.72% | 3.38% | 5.85% | 7.52% |
| ▁▁▁▁▂▄▇█ | Net Charge-Off Ratio (%) | 1.14% | 1.75% | 1.39% | 1.75% | 3.26% | 4.71% | 8.32% | 10.14% |
| ▁▁▂▃▁▂▃█ | Tang. Book Value ($M) | $130 | $131 | $132 | $133 | $130 | $131 | $132 | $138 |
| ▂▇▃▁▁▇▄█ | Gross Loans ($M) | $361 | $376 | $363 | $355 | $357 | $377 | $366 | $382 |
| ▁█▅▅▂▄▃▁ | Total Deposits ($M) | $368 | $408 | $392 | $389 | $374 | $387 | $381 | $371 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 35% |