Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.27% | -0.12 | 0.39% |
| Return on Equity (%) | ▼ | 2.39% | -1.42 | 3.81% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.84 | 2.49% |
| Efficiency Ratio (%) | ▲ | 86.42% | -11.37 | 97.78% |
| Pre-Provision Profit ($M) | ▲ | $1 | +1.01 | $0 |
| Cost of Funds (%) | ▲ | 2.34% | -0.71 | 3.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,011 | -26.50 | $1,037 |
| Gross Loans ($M) | ▼ | $793 | -20.91 | $814 |
| Loan Growth YoY (%) | ▼ | 94.69% | -2.55 | 97.25% |
| Total Deposits ($M) | ▲ | $826 | +0.47 | $826 |
| Shareholders Equity ($M) | ▲ | $114 | +7.29 | $107 |
| Tang. Book Value ($M) | ▲ | $113 | +7.14 | $106 |
| TBV excl. AOCI ($M)** | ▲ | $120 | +6.71 | $113 |
| Loan / Deposit Ratio (%) | ▼ | 94.69% | -2.55 | 97.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.01 | 0.45% |
| Allowance / Loans (%) | — | 1.35% | 0.00% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.55% | -0.02 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.54% | +0.84 | 13.70% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▅██▆ | Net Interest Margin (%) | 2.38% | 2.36% | 2.38% | 2.49% | 3.13% | 3.69% | 3.57% | 3.32% |
| ▂▁▁▄▄█▇▁ | Return on Assets (%) | 0.29% | 0.27% | 0.24% | 0.39% | 0.38% | 0.54% | 0.50% | 0.27% |
| ▅▆▅█▃▁▁▄ | Efficiency Ratio (%) | 90.5% | 91.1% | 90.6% | 97.8% | 84.1% | 79.2% | 80.8% | 86.4% |
| ███▆▄▄▃▁ | Cost of Funds (%) | 3.45% | 3.40% | 3.36% | 3.05% | 2.88% | 2.86% | 2.62% | 2.34% |
| ▃▃▂█▁▁██ | NPA / Assets (%) | 0.20% | 0.20% | 0.13% | 0.45% | 0.06% | 0.05% | 0.47% | 0.46% |
| ▄▄▃█▁▁██ | Net Charge-Off Ratio (%) | 0.25% | 0.26% | 0.17% | 0.57% | 0.04% | 0.04% | 0.55% | 0.55% |
| ▁▂▂▃▄▇██ | Tang. Book Value ($M) | $102 | $105 | $104 | $106 | $108 | $111 | $113 | $113 |
| █▇▃▃▆▂▁▁ | Gross Loans ($M) | $874 | $854 | $822 | $814 | $851 | $804 | $799 | $793 |
| ██▃▁▁▄▁▁ | Total Deposits ($M) | $930 | $927 | $855 | $826 | $826 | $873 | $836 | $826 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 31% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 17% |