Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.99% | -0.02 | 1.01% |
| Return on Equity (%) | ▼ | 10.46% | -1.74 | 12.20% |
| Net Interest Margin (%) | ▲ | 4.60% | +0.59 | 4.01% |
| Efficiency Ratio (%) | ▼ | 74.03% | +5.22 | 68.81% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.07 | $1 |
| Cost of Funds (%) | ▲ | 1.23% | -0.50 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $231 | -11.83 | $243 |
| Gross Loans ($M) | ▲ | $156 | +2.04 | $154 |
| Loan Growth YoY (%) | ▲ | 73.93% | +5.30 | 68.63% |
| Total Deposits ($M) | ▼ | $209 | -13.05 | $222 |
| Shareholders Equity ($M) | ▲ | $22 | +1.54 | $20 |
| Tang. Book Value ($M) | ▲ | $22 | +1.54 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +1.74 | $22 |
| Loan / Deposit Ratio (%) | ▲ | 73.93% | +5.30 | 68.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.46% | +0.56 | 0.90% |
| Allowance / Loans (%) | — | 1.40% | -0.05% | 1.45% |
| Net Charge-Off Ratio (%) | ▼ | 2.16% | +0.75 | 1.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.42% | +0.32 | 14.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▂▁▃▄▅█ | Net Interest Margin (%) | 4.16% | 4.17% | 4.14% | 4.01% | 4.20% | 4.29% | 4.33% | 4.60% |
| █▆▄█▅▄▁█ | Return on Assets (%) | 0.99% | 0.88% | 0.77% | 1.01% | 0.83% | 0.78% | 0.60% | 0.99% |
| ▂▃▅▁▅▅█▃ | Efficiency Ratio (%) | 71.7% | 73.6% | 76.8% | 68.8% | 76.0% | 77.5% | 83.0% | 74.0% |
| ▇▆█▇▅▅▃▁ | Cost of Funds (%) | 1.72% | 1.61% | 1.84% | 1.73% | 1.61% | 1.54% | 1.40% | 1.23% |
| ▃▁▃▄▇▇▇█ | NPA / Assets (%) | 0.70% | 0.40% | 0.72% | 0.90% | 1.29% | 1.24% | 1.30% | 1.46% |
| ▂▁▃▅▅▇▇█ | Net Charge-Off Ratio (%) | 0.98% | 0.60% | 1.10% | 1.41% | 1.51% | 1.78% | 1.87% | 2.16% |
| ▁▃▁▃▅▇██ | Tang. Book Value ($M) | $19 | $20 | $20 | $20 | $21 | $21 | $22 | $22 |
| ▁▃▄▁█▄▄▅ | Gross Loans ($M) | $154 | $156 | $156 | $154 | $159 | $156 | $156 | $156 |
| ▁███▄▄▄▅ | Total Deposits ($M) | $195 | $219 | $221 | $222 | $207 | $205 | $206 | $209 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 46% |
| Interest-Bearing (core) | 26% |
| Brokered / Other | 28% |