Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.12% | +0.03 | 0.09% |
| Return on Equity (%) | ▲ | 1.34% | +0.33 | 1.01% |
| Net Interest Margin (%) | ▲ | 2.84% | +0.25 | 2.59% |
| Efficiency Ratio (%) | ▲ | 94.73% | -3.07 | 97.80% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.13 | $0 |
| Cost of Funds (%) | ▲ | 1.91% | -0.10 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $543 | -7.78 | $551 |
| Gross Loans ($M) | ▼ | $453 | -15.21 | $468 |
| Loan Growth YoY (%) | ▼ | 97.66% | -3.84 | 101.51% |
| Total Deposits ($M) | ▲ | $460 | +2.50 | $457 |
| Shareholders Equity ($M) | ▲ | $48 | +1.29 | $47 |
| Tang. Book Value ($M) | ▲ | $48 | +1.34 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +1.48 | $49 |
| Loan / Deposit Ratio (%) | ▼ | 97.66% | -3.84 | 101.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.47% | -0.13 | 0.61% |
| Allowance / Loans (%) | — | 0.80% | 0.01% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.57% | -0.15 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.26% | +0.53 | 12.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 2.39% | 2.39% | 2.43% | 2.59% | 2.61% | 2.64% | 2.67% | 2.84% |
| ▁▅▇▅▂███ | Return on Assets (%) | 0.02% | 0.08% | 0.11% | 0.09% | 0.04% | 0.13% | 0.12% | 0.12% |
| █▇▅▃▄▁▁▁ | Efficiency Ratio (%) | 104.5% | 102.1% | 100.4% | 97.8% | 99.6% | 95.8% | 95.9% | 94.7% |
| ██▅▃▃▃▂▁ | Cost of Funds (%) | 2.24% | 2.22% | 2.10% | 2.01% | 2.02% | 2.00% | 1.96% | 1.91% |
| █▃▆▆▁▃▃▄ | NPA / Assets (%) | 0.70% | 0.46% | 0.57% | 0.61% | 0.32% | 0.44% | 0.45% | 0.47% |
| █▃▆▇▁▃▃▄ | Net Charge-Off Ratio (%) | 0.82% | 0.55% | 0.67% | 0.71% | 0.38% | 0.52% | 0.53% | 0.57% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $45 | $47 | $46 | $47 | $47 | $47 | $48 | $48 |
| █▇▅▄▂▁▁▁ | Gross Loans ($M) | $489 | $483 | $471 | $468 | $457 | $452 | $456 | $453 |
| █▇▇▆▂▁▄█ | Total Deposits ($M) | $459 | $458 | $458 | $457 | $452 | $450 | $455 | $460 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 11% |