Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.34% | +0.07 | -0.41% |
| Return on Equity (%) | ▲ | -4.37% | +0.97 | -5.34% |
| Net Interest Margin (%) | ▲ | 2.48% | +0.22 | 2.26% |
| Efficiency Ratio (%) | ▲ | 106.01% | -11.54 | 117.55% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.38 | $-1 |
| Cost of Funds (%) | ▲ | 2.01% | -0.19 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $589 | -3.87 | $593 |
| Gross Loans ($M) | ▼ | $418 | -29.88 | $448 |
| Loan Growth YoY (%) | ▼ | 86.79% | -7.17 | 93.97% |
| Total Deposits ($M) | ▲ | $478 | +4.79 | $473 |
| Shareholders Equity ($M) | ▲ | $46 | +1.41 | $45 |
| Tang. Book Value ($M) | ▲ | $46 | +1.49 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +2.44 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 86.79% | -7.17 | 93.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.07 | 0.00% |
| Allowance / Loans (%) | — | 0.82% | 0.03% | 0.78% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.10 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.72% | +0.56 | 14.15% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.11% | 2.10% | 2.11% | 2.26% | 2.33% | 2.34% | 2.39% | 2.48% |
| █▇▄▁▁▃▄▁ | Return on Assets (%) | 0.30% | 0.21% | -0.08% | -0.41% | -0.39% | -0.17% | -0.14% | -0.34% |
| ▁▃▄██▇▆▆ | Efficiency Ratio (%) | 85.6% | 94.0% | 100.1% | 117.6% | 114.8% | 111.3% | 109.4% | 106.0% |
| ▃▇█▄▄▅▄▁ | Cost of Funds (%) | 2.16% | 2.37% | 2.43% | 2.20% | 2.18% | 2.26% | 2.20% | 2.01% |
| ▃▁▁▁▁▄██ | NPA / Assets (%) | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.08% | 0.07% |
| ▃▁▁▁▁▄█▇ | Net Charge-Off Ratio (%) | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.11% | 0.10% |
| ▄█▁▁▁▅▆▄ | Tang. Book Value ($M) | $46 | $48 | $44 | $44 | $44 | $47 | $47 | $46 |
| ▅▅▆█▆▅▁▁ | Gross Loans ($M) | $435 | $437 | $438 | $448 | $440 | $434 | $420 | $418 |
| ▁▁▂▂▆█▆▃ | Total Deposits ($M) | $471 | $468 | $472 | $473 | $490 | $499 | $489 | $478 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 16% |