Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.84% | +0.18 | 0.66% |
| Return on Equity (%) | ▲ | 5.71% | +0.71 | 5.00% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.31 | 2.98% |
| Efficiency Ratio (%) | ▲ | 52.82% | -4.80 | 57.63% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.15 | $1 |
| Cost of Funds (%) | ▲ | 1.86% | -0.40 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $251 | -5.78 | $257 |
| Gross Loans ($M) | ▼ | $166 | -23.44 | $189 |
| Loan Growth YoY (%) | ▼ | 76.54% | -9.88 | 86.41% |
| Total Deposits ($M) | ▼ | $209 | -4.05 | $213 |
| Shareholders Equity ($M) | ▲ | $37 | +2.52 | $35 |
| Tang. Book Value ($M) | ▲ | $37 | +2.52 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +2.93 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 76.54% | -9.88 | 86.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 6.43% | +0.41 | 6.02% |
| Allowance / Loans (%) | — | 3.29% | 0.80% | 2.50% |
| Net Charge-Off Ratio (%) | ▼ | 9.40% | +1.38 | 8.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.01% | +2.72 | 19.28% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▃▃▁▄▅▅█ | Net Interest Margin (%) | 3.22% | 3.07% | 3.09% | 2.98% | 3.09% | 3.14% | 3.17% | 3.29% |
| ██▆▂▁▁▁▃ | Return on Assets (%) | 1.42% | 1.31% | 1.10% | 0.66% | 0.61% | 0.56% | 0.51% | 0.84% |
| ▁▂▄█▇▆█▅ | Efficiency Ratio (%) | 46.0% | 48.2% | 50.7% | 57.6% | 56.1% | 53.9% | 56.5% | 52.8% |
| ▇█▇▅▄▄▂▁ | Cost of Funds (%) | 2.42% | 2.54% | 2.45% | 2.26% | 2.18% | 2.13% | 1.97% | 1.86% |
| ▁▅▄█████ | NPA / Assets (%) | 0.76% | 4.02% | 3.49% | 6.02% | 6.35% | 6.50% | 6.53% | 6.43% |
| ▁▅▄▇████ | Net Charge-Off Ratio (%) | 1.00% | 5.33% | 4.57% | 8.02% | 8.64% | 9.03% | 9.60% | 9.40% |
| ▁▄▂▄▃▇██ | Tang. Book Value ($M) | $33 | $35 | $34 | $35 | $34 | $36 | $37 | $37 |
| ██▆▅▄▃▁▁ | Gross Loans ($M) | $207 | $202 | $193 | $189 | $184 | $179 | $170 | $166 |
| ██▃▂▂▁▁▁ | Total Deposits ($M) | $231 | $229 | $215 | $213 | $213 | $209 | $211 | $209 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 33% |