Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.25% | -0.45 | 0.71% |
| Return on Equity (%) | ▼ | 2.19% | -4.58 | 6.77% |
| Net Interest Margin (%) | ▼ | 3.19% | -0.06 | 3.25% |
| Efficiency Ratio (%) | ▼ | 91.62% | +15.37 | 76.25% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.26 | $0 |
| Cost of Funds (%) | ▲ | 1.73% | -0.23 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $190 | +0.10 | $190 |
| Gross Loans ($M) | ▼ | $85 | -3.27 | $88 |
| Loan Growth YoY (%) | ▼ | 50.22% | -1.58 | 51.80% |
| Total Deposits ($M) | ▼ | $168 | -0.80 | $169 |
| Shareholders Equity ($M) | ▲ | $22 | +1.12 | $21 |
| Tang. Book Value ($M) | ▲ | $22 | +1.17 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +0.88 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 50.22% | -1.58 | 51.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.14% | +0.27 | 0.86% |
| Allowance / Loans (%) | — | 1.09% | -0.19% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 2.49% | +0.63 | 1.86% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.99% | +5.04 | 17.96% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄██▃▅▆▇▁ | Net Interest Margin (%) | 3.28% | 3.42% | 3.44% | 3.25% | 3.33% | 3.37% | 3.39% | 3.19% |
| █████▇▅▁ | Return on Assets (%) | 0.72% | 0.67% | 0.68% | 0.71% | 0.67% | 0.61% | 0.54% | 0.25% |
| ▁▁▁▁▂▄▄█ | Efficiency Ratio (%) | 76.1% | 76.7% | 77.1% | 76.3% | 78.2% | 82.0% | 82.6% | 91.6% |
| ▆▇▆▆█▅▄▁ | Cost of Funds (%) | 1.96% | 2.02% | 1.97% | 1.96% | 2.09% | 1.94% | 1.87% | 1.73% |
| ▁▁▁▅▄▆▃█ | NPA / Assets (%) | 0.53% | 0.53% | 0.50% | 0.86% | 0.81% | 0.90% | 0.67% | 1.14% |
| ▁▁▁▅▄▃▁█ | Net Charge-Off Ratio (%) | 1.04% | 1.04% | 1.05% | 1.86% | 1.64% | 1.53% | 1.06% | 2.49% |
| ▁▄▃▅▅███ | Tang. Book Value ($M) | $19 | $20 | $20 | $20 | $21 | $21 | $22 | $22 |
| ██▆▃▃▂▁▁ | Gross Loans ($M) | $99 | $98 | $94 | $88 | $88 | $87 | $84 | $85 |
| █▆█▅▁▃▂▅ | Total Deposits ($M) | $175 | $170 | $175 | $169 | $157 | $164 | $161 | $168 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 24% |
| Consumer | 2% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 30% |