Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -3.04% | -4.12 | 1.07% |
| Return on Equity (%) | ▼ | -43.31% | -57.63 | 14.32% |
| Net Interest Margin (%) | ▼ | 3.62% | -0.42 | 4.04% |
| Efficiency Ratio (%) | ▼ | 77.80% | +9.58 | 68.21% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.40 | $1 |
| Cost of Funds (%) | ▲ | 2.45% | -0.06 | 2.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $260 | -15.20 | $275 |
| Gross Loans ($M) | ▼ | $196 | -22.53 | $218 |
| Loan Growth YoY (%) | ▼ | 84.54% | -6.65 | 91.19% |
| Total Deposits ($M) | ▼ | $224 | -11.83 | $236 |
| Shareholders Equity ($M) | ▼ | $17 | -3.15 | $20 |
| Tang. Book Value ($M) | ▼ | $17 | -3.15 | $20 |
| TBV excl. AOCI ($M)** | ▼ | $18 | -3.35 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 84.54% | -6.65 | 91.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.45% | +1.64 | 1.81% |
| Allowance / Loans (%) | — | 3.12% | 1.77% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 2.21% | +0.69 | 1.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.50% | -0.95 | 10.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▆█▇▆▅▁ | Net Interest Margin (%) | 3.67% | 3.81% | 3.92% | 4.04% | 3.99% | 3.90% | 3.84% | 3.62% |
| ▇█████▆▁ | Return on Assets (%) | 0.46% | 0.67% | 0.75% | 1.07% | 0.99% | 0.92% | -0.19% | -3.04% |
| █▆▆▂▁▁▂▆ | Efficiency Ratio (%) | 84.4% | 79.1% | 77.1% | 68.2% | 64.7% | 64.6% | 68.0% | 77.8% |
| ▆█▆▂▆▇█▁ | Cost of Funds (%) | 2.64% | 2.71% | 2.63% | 2.51% | 2.66% | 2.70% | 2.73% | 2.45% |
| ▁▁▄▄▃▅█▇ | NPA / Assets (%) | 0.20% | 0.14% | 1.78% | 1.81% | 1.38% | 2.47% | 4.01% | 3.45% |
| ▁▁▆▄▅█▇▆ | Net Charge-Off Ratio (%) | 0.27% | 0.06% | 2.11% | 1.52% | 1.73% | 3.22% | 2.78% | 2.21% |
| ▄▆▆▆▇█▆▁ | Tang. Book Value ($M) | $18 | $20 | $20 | $20 | $20 | $21 | $20 | $17 |
| ▁▃▇██▆▄▃ | Gross Loans ($M) | $188 | $196 | $214 | $218 | $218 | $208 | $200 | $196 |
| ▁▄▁██▇▃▅ | Total Deposits ($M) | $208 | $220 | $210 | $236 | $234 | $232 | $216 | $224 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 36% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 28% |