Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.13% | +1.57 | -1.70% |
| Return on Equity (%) | ▲ | -1.92% | +27.02 | -28.94% |
| Net Interest Margin (%) | ▲ | 3.06% | +0.66 | 2.39% |
| Efficiency Ratio (%) | ▼ | 127.95% | +26.76 | 101.19% |
| Pre-Provision Profit ($M) | ▼ | $-1 | -0.85 | $-0 |
| Cost of Funds (%) | ▲ | 2.90% | -0.64 | 3.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $402 | -39.93 | $442 |
| Gross Loans ($M) | ▼ | $267 | -99.71 | $366 |
| Loan Growth YoY (%) | ▼ | 79.43% | -14.27 | 93.70% |
| Total Deposits ($M) | ▼ | $332 | -51.62 | $384 |
| Shareholders Equity ($M) | ▲ | $28 | +0.84 | $27 |
| Tang. Book Value ($M) | ▲ | $27 | +1.18 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +1.87 | $28 |
| Loan / Deposit Ratio (%) | ▼ | 79.43% | -14.27 | 93.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -1.94 | 2.31% |
| Allowance / Loans (%) | — | 1.13% | -0.78% | 1.91% |
| Net Charge-Off Ratio (%) | ▲ | 0.56% | -2.22 | 2.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.63% | +2.88 | 7.76% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▄▁▁▁▁▆ | Net Interest Margin (%) | 3.30% | 3.07% | 2.82% | 2.39% | 2.49% | 2.50% | 2.50% | 3.06% |
| █▄▁▆▇███ | Return on Assets (%) | 0.16% | -3.28% | -5.40% | -1.70% | -0.56% | -0.45% | -0.47% | -0.13% |
| ▁▁▂▅▆▇██ | Efficiency Ratio (%) | 65.0% | 70.8% | 76.9% | 101.2% | 110.2% | 119.1% | 129.5% | 128.0% |
| ▆▆██▄▃▁▁ | Cost of Funds (%) | 3.33% | 3.39% | 3.56% | 3.54% | 3.18% | 3.13% | 2.92% | 2.90% |
| ▃▄██▅▅▄▁ | NPA / Assets (%) | 1.02% | 1.29% | 2.11% | 2.31% | 1.37% | 1.35% | 1.25% | 0.37% |
| ▃▅██▅▅▅▁ | Net Charge-Off Ratio (%) | 1.27% | 1.70% | 2.79% | 2.78% | 1.76% | 1.77% | 1.78% | 0.56% |
| █▅▁▁▁▁▁▁ | Tang. Book Value ($M) | $59 | $45 | $28 | $26 | $26 | $27 | $27 | $27 |
| █▇▆▅▃▂▁▁ | Gross Loans ($M) | $459 | $431 | $396 | $366 | $318 | $301 | $286 | $267 |
| ██▇▄▂▁▁▁ | Total Deposits ($M) | $452 | $468 | $440 | $384 | $359 | $345 | $338 | $332 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 37% |