Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.25% | -0.11 | 1.36% |
| Return on Equity (%) | ▼ | 9.27% | -3.83 | 13.10% |
| Net Interest Margin (%) | ▲ | 5.13% | +0.36 | 4.77% |
| Efficiency Ratio (%) | ▼ | 69.54% | +6.81 | 62.73% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.18 | $2 |
| Cost of Funds (%) | ▲ | 0.58% | -0.17 | 0.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $384 | -15.10 | $400 |
| Gross Loans ($M) | ▲ | $207 | +30.50 | $177 |
| Loan Growth YoY (%) | ▲ | 63.09% | +12.86 | 50.23% |
| Total Deposits ($M) | ▼ | $326 | -23.77 | $349 |
| Shareholders Equity ($M) | ▲ | $53 | +8.82 | $44 |
| Tang. Book Value ($M) | ▲ | $53 | +8.82 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +9.11 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 63.09% | +12.86 | 50.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.53% | -0.07 | 0.59% |
| Allowance / Loans (%) | — | 0.97% | 0.15% | 0.82% |
| Net Charge-Off Ratio (%) | ▲ | 0.98% | -0.37 | 1.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▁▄▁▆███ | Net Interest Margin (%) | 5.07% | 4.77% | 4.93% | 4.77% | 5.04% | 5.10% | 5.11% | 5.13% |
| ▁▄▇▃█▆▄▁ | Return on Assets (%) | 1.23% | 1.43% | 1.61% | 1.36% | 1.67% | 1.51% | 1.42% | 1.25% |
| ▆▃▁▄▁▂▄█ | Efficiency Ratio (%) | 65.9% | 61.7% | 58.2% | 62.7% | 57.4% | 60.4% | 62.4% | 69.5% |
| ██▆▄▄▃▂▁ | Cost of Funds (%) | 1.03% | 1.01% | 0.89% | 0.75% | 0.76% | 0.75% | 0.66% | 0.58% |
| █▁█▄▄▄▄▃ | NPA / Assets (%) | 0.91% | 0.34% | 0.84% | 0.59% | 0.56% | 0.56% | 0.57% | 0.53% |
| ▇▁█▄▃▃▂▁ | Net Charge-Off Ratio (%) | 1.75% | 0.88% | 1.92% | 1.34% | 1.21% | 1.15% | 1.14% | 0.98% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $36 | $38 | $40 | $44 | $46 | $48 | $52 | $53 |
| ▁▁▄▄▇█▇█ | Gross Loans ($M) | $155 | $156 | $177 | $177 | $196 | $203 | $198 | $207 |
| ▁██▇██▆▅ | Total Deposits ($M) | $260 | $360 | $361 | $349 | $369 | $365 | $335 | $326 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 24% |
| C&I / Commercial | 25% |
| Other | 52% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 24% |