Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -2.21% | -3.17 | 0.96% |
| Return on Equity (%) | ▼ | -21.41% | -30.86 | 9.45% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.54 | 3.69% |
| Efficiency Ratio (%) | ▼ | 128.08% | +69.12 | 58.96% |
| Pre-Provision Profit ($M) | ▼ | $-3 | -5.84 | $3 |
| Cost of Funds (%) | ▲ | 2.28% | -0.50 | 2.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $854 | +17.73 | $837 |
| Gross Loans ($M) | ▼ | $674 | -22.32 | $696 |
| Loan Growth YoY (%) | ▼ | 85.79% | -6.77 | 92.56% |
| Total Deposits ($M) | ▲ | $771 | +28.09 | $743 |
| Shareholders Equity ($M) | ▼ | $81 | -6.51 | $87 |
| Tang. Book Value ($M) | ▼ | $81 | -6.51 | $87 |
| TBV excl. AOCI ($M)** | ▼ | $82 | -6.58 | $88 |
| Loan / Deposit Ratio (%) | ▼ | 85.79% | -6.77 | 92.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.72% | +0.36 | 0.36% |
| Allowance / Loans (%) | — | 1.81% | 0.61% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.28 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.70% | -0.89 | 15.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▇█ | Net Interest Margin (%) | 3.22% | 3.23% | 3.31% | 3.69% | 3.86% | 3.92% | 4.01% | 4.24% |
| ███████▁ | Return on Assets (%) | 0.81% | 0.83% | 0.85% | 0.96% | 1.09% | 1.10% | 1.11% | -2.21% |
| ▂▂▂▁▁▁▁█ | Efficiency Ratio (%) | 67.3% | 66.4% | 65.2% | 59.0% | 57.7% | 56.2% | 55.8% | 128.1% |
| ▇█▇▅▄▃▂▁ | Cost of Funds (%) | 3.05% | 3.19% | 3.01% | 2.79% | 2.64% | 2.53% | 2.49% | 2.28% |
| ▁▁▃▂▁██▄ | NPA / Assets (%) | 0.14% | 0.19% | 0.54% | 0.36% | 0.16% | 1.44% | 1.57% | 0.72% |
| ▁▁▃▂▁██▃ | Net Charge-Off Ratio (%) | 0.16% | 0.24% | 0.65% | 0.39% | 0.20% | 1.82% | 1.69% | 0.67% |
| ▂▃▃▅▇██▁ | Tang. Book Value ($M) | $82 | $85 | $85 | $87 | $90 | $92 | $93 | $81 |
| █▇█▇▄▅▁▁ | Gross Loans ($M) | $704 | $696 | $702 | $696 | $687 | $690 | $670 | $674 |
| ▃▆▆▂▄█▁█ | Total Deposits ($M) | $750 | $763 | $762 | $743 | $752 | $775 | $736 | $771 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 15% |