Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.11% | -0.37 | 0.26% |
| Return on Equity (%) | ▼ | -1.51% | -5.76 | 4.25% |
| Net Interest Margin (%) | ▲ | 1.57% | +0.05 | 1.53% |
| Efficiency Ratio (%) | ▼ | 98.25% | +17.77 | 80.48% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.88 | $1 |
| Cost of Funds (%) | ▲ | 3.11% | -0.40 | 3.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,123 | -88.66 | $1,212 |
| Gross Loans ($M) | ▼ | $803 | -31.83 | $835 |
| Loan Growth YoY (%) | ▲ | 80.21% | +0.32 | 79.89% |
| Total Deposits ($M) | ▼ | $991 | -44.05 | $1,035 |
| Shareholders Equity ($M) | ▲ | $83 | +7.97 | $75 |
| Tang. Book Value ($M) | ▲ | $83 | +7.97 | $75 |
| TBV excl. AOCI ($M)** | ▲ | $95 | +6.30 | $89 |
| Loan / Deposit Ratio (%) | ▲ | 80.21% | +0.32 | 79.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.16% | +0.24 | 0.93% |
| Allowance / Loans (%) | — | 0.99% | 0.06% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 1.37% | +0.24 | 1.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.39% | +0.57 | 16.82% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇████ | Net Interest Margin (%) | 1.19% | 1.22% | 1.24% | 1.53% | 1.55% | 1.55% | 1.58% | 1.57% |
| █▇▆▅▅▄▃▁ | Return on Assets (%) | 0.57% | 0.42% | 0.35% | 0.26% | 0.26% | 0.20% | 0.14% | -0.11% |
| ▁▂▃▄▅▅▆█ | Efficiency Ratio (%) | 64.4% | 70.0% | 72.9% | 80.5% | 81.4% | 82.8% | 87.6% | 98.3% |
| ███▅▄▃▃▁ | Cost of Funds (%) | 3.86% | 3.90% | 3.81% | 3.51% | 3.46% | 3.35% | 3.35% | 3.11% |
| █▃▃▁▂▄▅▆ | NPA / Assets (%) | 1.29% | 1.05% | 1.05% | 0.93% | 1.01% | 1.09% | 1.11% | 1.16% |
| █▃▂▁▁▄▃▅ | Net Charge-Off Ratio (%) | 1.60% | 1.26% | 1.24% | 1.13% | 1.19% | 1.31% | 1.30% | 1.37% |
| ▁▄▂▃▅███ | Tang. Book Value ($M) | $70 | $75 | $72 | $75 | $78 | $81 | $83 | $83 |
| ▇█▇▅▂▃▁▁ | Gross Loans ($M) | $861 | $877 | $857 | $835 | $809 | $820 | $792 | $803 |
| ▁▃▇█▇▇▆▇ | Total Deposits ($M) | $841 | $897 | $1,003 | $1,035 | $988 | $1,002 | $984 | $991 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 14% |