Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.13% | -0.55 | 0.68% |
| Return on Equity (%) | ▼ | 1.02% | -4.72 | 5.74% |
| Net Interest Margin (%) | ▼ | 2.07% | -0.70 | 2.77% |
| Efficiency Ratio (%) | ▼ | 85.07% | +26.39 | 58.68% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.96 | $1 |
| Cost of Funds (%) | ▲ | 2.73% | -0.83 | 3.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $411 | -21.54 | $432 |
| Gross Loans ($M) | ▼ | $321 | -42.13 | $363 |
| Loan Growth YoY (%) | ▼ | 90.57% | -5.97 | 96.54% |
| Total Deposits ($M) | ▼ | $351 | -22.27 | $374 |
| Shareholders Equity ($M) | ▼ | $52 | -0.23 | $53 |
| Tang. Book Value ($M) | ▲ | $52 | +0.01 | $52 |
| Loan / Deposit Ratio (%) | ▼ | 90.57% | -5.97 | 96.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 5.50% | +0.17 | 5.33% |
| Allowance / Loans (%) | — | 0.76% | 0.18% | 0.58% |
| Net Charge-Off Ratio (%) | ▼ | 5.23% | +0.78 | 4.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 42.05% | -1.98 | 44.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇▇█▃▄▄▁ | Net Interest Margin (%) | 2.57% | 2.63% | 2.66% | 2.77% | 2.31% | 2.42% | 2.40% | 2.07% |
| ██▆▅▄▄▄▁ | Return on Assets (%) | 1.02% | 1.10% | 0.78% | 0.68% | 0.55% | 0.57% | 0.53% | 0.13% |
| ▁▁▁▂▄▄▄█ | Efficiency Ratio (%) | 54.7% | 51.9% | 50.4% | 58.7% | 64.0% | 64.1% | 66.7% | 85.1% |
| ██▇▅▄▃▂▁ | Cost of Funds (%) | 4.14% | 4.03% | 3.82% | 3.57% | 3.29% | 3.23% | 2.96% | 2.73% |
| █▆▁▂▁▂█▃ | NPA / Assets (%) | 6.26% | 5.95% | 5.13% | 5.33% | 5.26% | 5.34% | 6.13% | 5.50% |
| ▇▆▁▁▂▄█▅ | Net Charge-Off Ratio (%) | 5.70% | 5.62% | 4.26% | 4.45% | 4.67% | 5.01% | 6.10% | 5.23% |
| ▅█▁▂▃▅▂▂ | Tang. Book Value ($M) | $53 | $55 | $51 | $52 | $53 | $53 | $52 | $52 |
| █▇▆▄▂▁▁▁ | Gross Loans ($M) | $411 | $390 | $379 | $363 | $332 | $329 | $325 | $321 |
| █▇▅▃▂▁▂▁ | Total Deposits ($M) | $418 | $402 | $391 | $374 | $368 | $358 | $360 | $351 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 27% |