Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.47% | -0.19 | -0.28% |
| Return on Equity (%) | ▼ | -4.13% | -1.41 | -2.72% |
| Net Interest Margin (%) | ▲ | 2.81% | +0.10 | 2.71% |
| Efficiency Ratio (%) | ▼ | 136.26% | +15.39 | 120.86% |
| Pre-Provision Profit ($M) | ▼ | $-1 | -0.42 | $-1 |
| Cost of Funds (%) | ▲ | 2.53% | -0.44 | 2.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $669 | -42.07 | $711 |
| Gross Loans ($M) | ▼ | $459 | -51.65 | $510 |
| Loan Growth YoY (%) | ▼ | 85.85% | -6.09 | 91.94% |
| Total Deposits ($M) | ▼ | $521 | -21.21 | $542 |
| Shareholders Equity ($M) | ▲ | $77 | +3.52 | $74 |
| Tang. Book Value ($M) | ▲ | $77 | +3.54 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +4.08 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 85.85% | -6.09 | 91.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.43% | +0.80 | 0.63% |
| Allowance / Loans (%) | — | 2.52% | 0.17% | 2.35% |
| Net Charge-Off Ratio (%) | ▼ | 2.08% | +1.20 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.54% | +1.18 | 14.36% |
Noninterest income ($-1.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** 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 (%) | 2.53% | 2.51% | 2.48% | 2.71% | 2.63% | 2.64% | 2.68% | 2.81% |
| ██▆▂▇██▁ | Return on Assets (%) | 0.53% | 0.47% | 0.25% | -0.28% | 0.35% | 0.51% | 0.50% | -0.47% |
| ▁▁▂▆▁▁▁█ | Efficiency Ratio (%) | 79.5% | 81.4% | 86.0% | 120.9% | 83.1% | 78.3% | 79.4% | 136.3% |
| ▇██▆▆▅▃▁ | Cost of Funds (%) | 3.04% | 3.08% | 3.15% | 2.97% | 2.97% | 2.86% | 2.73% | 2.53% |
| ▁▁▄▃▃▄▆█ | NPA / Assets (%) | 0.29% | 0.20% | 0.74% | 0.63% | 0.62% | 0.67% | 1.00% | 1.43% |
| ▁▁▄▃▃▃▆█ | Net Charge-Off Ratio (%) | 0.40% | 0.28% | 1.03% | 0.88% | 0.88% | 0.96% | 1.42% | 2.08% |
| ▁▄▂▃▆███ | Tang. Book Value ($M) | $72 | $74 | $73 | $74 | $76 | $77 | $78 | $77 |
| ▃▆▇█▇▇▄▁ | Gross Loans ($M) | $477 | $493 | $502 | $510 | $503 | $499 | $483 | $459 |
| ▃▂▄▅██▃▁ | Total Deposits ($M) | $532 | $526 | $534 | $542 | $557 | $555 | $532 | $521 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 87% |
| Brokered / Other | 13% |