Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.29% | +0.01 | 0.28% |
| Return on Equity (%) | ▼ | 1.96% | -0.14 | 2.10% |
| Net Interest Margin (%) | ▲ | 2.16% | +0.53 | 1.62% |
| Efficiency Ratio (%) | ▲ | 80.71% | -6.90 | 87.62% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.36 | $1 |
| Cost of Funds (%) | ▲ | 2.80% | -0.38 | 3.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $875 | -55.55 | $931 |
| Gross Loans ($M) | ▼ | $642 | -62.35 | $705 |
| Loan Growth YoY (%) | ▼ | 105.33% | -3.94 | 109.26% |
| Total Deposits ($M) | ▼ | $607 | -35.17 | $643 |
| Shareholders Equity ($M) | ▲ | $132 | +4.34 | $127 |
| Tang. Book Value ($M) | ▲ | $131 | +4.38 | $127 |
| TBV excl. AOCI ($M)** | ▲ | $139 | +4.74 | $134 |
| Loan / Deposit Ratio (%) | ▼ | 105.33% | -3.94 | 109.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.50% | +0.05 | 1.45% |
| Allowance / Loans (%) | — | 0.40% | 0.03% | 0.37% |
| Net Charge-Off Ratio (%) | ▼ | 2.04% | +0.12 | 1.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 1.18% | 1.17% | 1.15% | 1.62% | 1.66% | 1.71% | 1.78% | 2.16% |
| ▁▁▁█▇▇▇█ | Return on Assets (%) | -0.22% | -0.20% | -0.26% | 0.28% | 0.17% | 0.17% | 0.19% | 0.29% |
| ██▁▃▄▃▃▂ | Efficiency Ratio (%) | 127.1% | 126.4% | 71.2% | 87.6% | 92.4% | 91.7% | 89.9% | 80.7% |
| ▆▇█▆▃▃▃▁ | Cost of Funds (%) | 3.21% | 3.29% | 3.37% | 3.19% | 2.99% | 2.95% | 2.99% | 2.80% |
| ▁▁▇▂▂█▂▂ | NPA / Assets (%) | 1.30% | 1.37% | 2.00% | 1.45% | 1.50% | 2.21% | 1.45% | 1.50% |
| ▁▁▆▁▂█▂▂ | Net Charge-Off Ratio (%) | 1.79% | 1.89% | 2.72% | 1.92% | 1.99% | 3.04% | 2.01% | 2.04% |
| ▁▂▂▄▄▆▇█ | Tang. Book Value ($M) | $124 | $125 | $126 | $127 | $127 | $129 | $130 | $131 |
| ███▇▆▄▁▁ | Gross Loans ($M) | $711 | $712 | $715 | $705 | $696 | $672 | $651 | $642 |
| █▅▇▆▅██▁ | Total Deposits ($M) | $660 | $640 | $652 | $643 | $638 | $654 | $659 | $607 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 30% |