Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.77% | -1.49 | 3.26% |
| Return on Equity (%) | ▼ | 4.27% | -2.54 | 6.81% |
| Net Interest Margin (%) | ▼ | 5.37% | -2.01 | 7.38% |
| Efficiency Ratio (%) | ▼ | 52.19% | +14.45 | 37.74% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.32 | $1 |
| Cost of Funds (%) | ▼ | 1.01% | +0.07 | 0.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $101 | +17.85 | $83 |
| Gross Loans ($M) | ▲ | $82 | +12.52 | $70 |
| Loan Growth YoY (%) | ▼ | 131.89% | -22.45 | 154.34% |
| Total Deposits ($M) | ▲ | $58 | +16.20 | $42 |
| Shareholders Equity ($M) | ▲ | $41 | +1.53 | $40 |
| Tang. Book Value ($M) | ▲ | $41 | +1.53 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 131.89% | -22.45 | 154.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 16.41% | +8.64 | 7.76% |
| Allowance / Loans (%) | — | 7.17% | -0.57% | 7.74% |
| Net Charge-Off Ratio (%) | ▼ | 16.39% | +7.13 | 9.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 42.14% | -7.13 | 49.27% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▇▅▅▃▁ | Net Interest Margin (%) | 7.81% | 7.81% | 8.03% | 7.38% | 6.86% | 6.94% | 6.22% | 5.37% |
| █▇▇▆▅▄▁▁ | Return on Assets (%) | 4.11% | 3.79% | 3.78% | 3.26% | 3.03% | 2.88% | 1.92% | 1.77% |
| ▁▂▂▃▃▄▇█ | Efficiency Ratio (%) | 29.4% | 33.2% | 34.4% | 37.7% | 37.5% | 40.1% | 48.2% | 52.2% |
| ██▆▁▁█▇▃ | Cost of Funds (%) | 1.17% | 1.18% | 1.12% | 0.94% | 0.96% | 1.18% | 1.13% | 1.01% |
| ▄▃▁▁▁███ | NPA / Assets (%) | 11.55% | 10.08% | 7.17% | 7.76% | 6.60% | 16.14% | 16.78% | 16.41% |
| ▅▆▃▃▁███ | Net Charge-Off Ratio (%) | 11.08% | 13.10% | 9.07% | 9.26% | 4.51% | 17.17% | 16.95% | 16.39% |
| █▁▂▃▄▅▅▆ | Tang. Book Value ($M) | $43 | $38 | $39 | $40 | $41 | $41 | $41 | $41 |
| ▁▂▂▄▆▆▇█ | Gross Loans ($M) | $60 | $66 | $65 | $70 | $75 | $74 | $78 | $82 |
| ▃▂▁▁█▇▇█ | Total Deposits ($M) | $47 | $46 | $42 | $42 | $56 | $56 | $55 | $58 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 25% |