Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.66% | -0.45 | 1.11% |
| Return on Equity (%) | ▼ | 7.70% | -5.91 | 13.61% |
| Net Interest Margin (%) | ▼ | 3.86% | -0.23 | 4.09% |
| Efficiency Ratio (%) | ▼ | 73.22% | +6.35 | 66.87% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.21 | $1 |
| Cost of Funds (%) | ▲ | 1.69% | -0.03 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $311 | +13.50 | $297 |
| Gross Loans ($M) | ▲ | $224 | +6.69 | $218 |
| Loan Growth YoY (%) | ▼ | 81.60% | -1.91 | 83.51% |
| Total Deposits ($M) | ▲ | $272 | +14.02 | $258 |
| Shareholders Equity ($M) | ▲ | $26 | +2.06 | $24 |
| Tang. Book Value ($M) | ▲ | $26 | +2.06 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +1.88 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 81.60% | -1.91 | 83.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.85% | -0.20 | 1.06% |
| Allowance / Loans (%) | — | 1.18% | 0.05% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 1.18% | -0.26 | 1.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.02% | +0.84 | 12.18% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▄▅▇██▁ | Net Interest Margin (%) | 4.03% | 4.02% | 4.04% | 4.09% | 4.21% | 4.28% | 4.26% | 3.86% |
| ▇▅▅█▇█▇▁ | Return on Assets (%) | 1.05% | 0.94% | 0.96% | 1.11% | 1.05% | 1.14% | 1.08% | 0.66% |
| ▁▁▁▂▁▂▃█ | Efficiency Ratio (%) | 65.7% | 65.6% | 65.2% | 66.9% | 66.0% | 66.8% | 67.3% | 73.2% |
| ▁▆█▂▁▁▁▁ | Cost of Funds (%) | 1.69% | 1.81% | 1.86% | 1.71% | 1.70% | 1.68% | 1.70% | 1.69% |
| ▁▁█▆▇▅▅▃ | NPA / Assets (%) | 0.67% | 0.70% | 1.29% | 1.06% | 1.16% | 1.04% | 1.05% | 0.85% |
| ▁▁█▅▆▅▅▃ | Net Charge-Off Ratio (%) | 0.99% | 1.00% | 1.73% | 1.45% | 1.54% | 1.42% | 1.41% | 1.18% |
| ▁▃▁▃▃▆██ | Tang. Book Value ($M) | $23 | $24 | $24 | $24 | $24 | $26 | $27 | $26 |
| ▁▄▅▆▅▇██ | Gross Loans ($M) | $204 | $212 | $215 | $218 | $215 | $220 | $225 | $224 |
| ▇▆▁▄▁▅▄█ | Total Deposits ($M) | $267 | $264 | $250 | $258 | $248 | $262 | $259 | $272 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 10% |