Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.46% | -0.53 | 0.99% |
| Return on Equity (%) | ▼ | 2.58% | -2.25 | 4.83% |
| Net Interest Margin (%) | ▲ | 4.29% | +0.04 | 4.25% |
| Efficiency Ratio (%) | ▼ | 78.71% | +13.07 | 65.64% |
| Pre-Provision Profit ($M) | ▼ | $2 | -1.23 | $3 |
| Cost of Funds (%) | ▼ | 1.38% | +0.10 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $902 | -12.57 | $914 |
| Gross Loans ($M) | ▼ | $735 | -14.81 | $750 |
| Loan Growth YoY (%) | ▼ | 106.16% | -0.54 | 106.70% |
| Total Deposits ($M) | ▼ | $687 | -8.09 | $695 |
| Shareholders Equity ($M) | ▼ | $162 | -24.56 | $186 |
| Tang. Book Value ($M) | ▼ | $153 | -24.38 | $178 |
| TBV excl. AOCI ($M)** | ▼ | $155 | -24.50 | $180 |
| Loan / Deposit Ratio (%) | ▼ | 106.16% | -0.54 | 106.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -0.25 | 0.54% |
| Allowance / Loans (%) | — | 0.87% | -0.31% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.35% | -0.29 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 21.27% | -2.79 | 24.07% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆█▇▁▄▆█▁ | Net Interest Margin (%) | 4.45% | 4.54% | 4.51% | 4.25% | 4.39% | 4.47% | 4.55% | 4.29% |
| ██▇▄▅▇█▁ | Return on Assets (%) | 1.60% | 1.69% | 1.52% | 0.99% | 1.20% | 1.40% | 1.61% | 0.46% |
| ▁▁▁▅▃▃▂█ | Efficiency Ratio (%) | 49.8% | 50.3% | 52.9% | 65.6% | 60.2% | 58.7% | 56.0% | 78.7% |
| ▁▂▂▆▅▆▇█ | Cost of Funds (%) | 1.08% | 1.15% | 1.15% | 1.28% | 1.24% | 1.27% | 1.33% | 1.38% |
| █▃▃▄▃▂▁▁ | NPA / Assets (%) | 0.95% | 0.46% | 0.46% | 0.54% | 0.50% | 0.39% | 0.25% | 0.29% |
| █▃▃▄▃▂▁▁ | Net Charge-Off Ratio (%) | 1.17% | 0.57% | 0.54% | 0.64% | 0.58% | 0.47% | 0.30% | 0.35% |
| ▆▇▇▇██▁▁ | Tang. Book Value ($M) | $171 | $174 | $176 | $178 | $179 | $181 | $151 | $153 |
| ▂▁▆██▇█▆ | Gross Loans ($M) | $702 | $693 | $738 | $750 | $751 | $746 | $755 | $735 |
| ▆▁▃██▄▅▃ | Total Deposits ($M) | $691 | $683 | $686 | $695 | $695 | $688 | $689 | $687 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 11% |