Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.43% | -0.68 | 1.11% |
| Return on Equity (%) | ▼ | 2.98% | -5.59 | 8.57% |
| Net Interest Margin (%) | ▲ | 4.19% | +0.03 | 4.15% |
| Efficiency Ratio (%) | ▼ | 60.95% | +3.08 | 57.87% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.35 | $3 |
| Cost of Funds (%) | ▲ | 2.29% | -0.54 | 2.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $614 | -6.62 | $621 |
| Gross Loans ($M) | ▲ | $438 | +49.42 | $389 |
| Loan Growth YoY (%) | ▲ | 83.78% | +10.81 | 72.97% |
| Total Deposits ($M) | ▼ | $515 | -10.57 | $525 |
| Shareholders Equity ($M) | ▲ | $89 | +5.64 | $83 |
| Tang. Book Value ($M) | ▲ | $88 | +5.64 | $83 |
| TBV excl. AOCI ($M)** | ▲ | $91 | +8.50 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 83.78% | +10.81 | 72.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.15% | +1.18 | 0.97% |
| Allowance / Loans (%) | — | 1.54% | 0.19% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 3.02% | +1.47 | 1.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▂▄▃▁ | Net Interest Margin (%) | 4.64% | 4.67% | 4.59% | 4.15% | 4.25% | 4.37% | 4.34% | 4.19% |
| ███▆██▇▁ | Return on Assets (%) | 1.39% | 1.45% | 1.43% | 1.11% | 1.34% | 1.43% | 1.32% | 0.43% |
| ▁▁▃▇▇▆▇█ | Efficiency Ratio (%) | 43.3% | 44.2% | 48.1% | 57.9% | 56.8% | 55.8% | 56.6% | 60.9% |
| ███▆▄▄▂▁ | Cost of Funds (%) | 3.11% | 3.09% | 3.02% | 2.83% | 2.60% | 2.61% | 2.46% | 2.29% |
| ▃▅▁▁▂▂██ | NPA / Assets (%) | 1.26% | 1.54% | 0.91% | 0.97% | 1.10% | 1.15% | 2.10% | 2.15% |
| ▃▆▁▁▁▁██ | Net Charge-Off Ratio (%) | 2.11% | 2.62% | 1.58% | 1.55% | 1.69% | 1.74% | 3.12% | 3.02% |
| ▁▂▄▄▆▇██ | Tang. Book Value ($M) | $77 | $80 | $82 | $83 | $85 | $88 | $89 | $88 |
| ▂▂▁▂▅▆▇█ | Gross Loans ($M) | $389 | $392 | $381 | $389 | $411 | $421 | $429 | $438 |
| ▇█▇▂▃▃▃▁ | Total Deposits ($M) | $560 | $570 | $562 | $525 | $533 | $533 | $533 | $515 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 41% |
| Brokered / Other | 32% |