Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.86% | -0.47 | 1.33% |
| Return on Equity (%) | ▼ | 7.85% | -5.96 | 13.81% |
| Net Interest Margin (%) | ▲ | 4.76% | +0.09 | 4.67% |
| Efficiency Ratio (%) | ▼ | 77.97% | +4.38 | 73.60% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.37 | $2 |
| Cost of Funds (%) | ▲ | 1.29% | -0.08 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $663 | -8.19 | $671 |
| Gross Loans ($M) | ▼ | $464 | -15.35 | $480 |
| Loan Growth YoY (%) | ▼ | 77.92% | -0.60 | 78.52% |
| Total Deposits ($M) | ▼ | $586 | -15.74 | $601 |
| Shareholders Equity ($M) | ▲ | $72 | +6.93 | $65 |
| Tang. Book Value ($M) | ▲ | $72 | +6.93 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +7.27 | $73 |
| Loan / Deposit Ratio (%) | ▼ | 77.92% | -0.60 | 78.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.49% | +0.04 | 0.45% |
| Allowance / Loans (%) | — | 1.74% | 0.17% | 1.57% |
| Net Charge-Off Ratio (%) | ▲ | 0.55% | -0.07 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.12% | +1.26 | 15.86% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇████ | Net Interest Margin (%) | 4.06% | 4.15% | 4.30% | 4.67% | 4.78% | 4.80% | 4.81% | 4.76% |
| ▁▂▄▇██▆▁ | Return on Assets (%) | 0.92% | 1.00% | 1.10% | 1.33% | 1.43% | 1.40% | 1.28% | 0.86% |
| █▇▆▃▁▁▃█ | Efficiency Ratio (%) | 78.6% | 77.5% | 76.3% | 73.6% | 71.6% | 71.9% | 74.2% | 78.0% |
| █▅▂▂▂▂▂▁ | Cost of Funds (%) | 1.94% | 1.64% | 1.44% | 1.37% | 1.38% | 1.38% | 1.38% | 1.29% |
| ▁▄▅█▇▆▇█ | NPA / Assets (%) | 0.11% | 0.28% | 0.30% | 0.45% | 0.40% | 0.39% | 0.44% | 0.49% |
| ▁▄▄█▇▇▆▇ | Net Charge-Off Ratio (%) | 0.16% | 0.37% | 0.38% | 0.63% | 0.55% | 0.56% | 0.48% | 0.55% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $61 | $65 | $63 | $65 | $67 | $71 | $73 | $72 |
| ▆▁▅█▅▃▁▃ | Gross Loans ($M) | $472 | $456 | $470 | $480 | $469 | $462 | $456 | $464 |
| ▁█▅▇▆▅▂▃ | Total Deposits ($M) | $576 | $610 | $594 | $601 | $598 | $597 | $584 | $586 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 42% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 13% |