Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.07 | 1.24% |
| Return on Equity (%) | ▼ | 7.54% | -0.94 | 8.48% |
| Net Interest Margin (%) | ▲ | 4.96% | +0.36 | 4.60% |
| Efficiency Ratio (%) | ▼ | 63.34% | +4.87 | 58.47% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.32 | $2 |
| Cost of Funds (%) | ▲ | 2.51% | -0.76 | 3.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $393 | -35.22 | $428 |
| Gross Loans ($M) | ▼ | $315 | -22.97 | $338 |
| Loan Growth YoY (%) | ▲ | 98.50% | +3.97 | 94.53% |
| Total Deposits ($M) | ▼ | $312 | -37.99 | $350 |
| Shareholders Equity ($M) | ▲ | $70 | +5.31 | $65 |
| Tang. Book Value ($M) | ▲ | $69 | +5.56 | $64 |
| Loan / Deposit Ratio (%) | ▲ | 98.50% | +3.97 | 94.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.56% | +0.18 | 3.37% |
| Allowance / Loans (%) | — | 2.58% | 0.34% | 2.24% |
| Net Charge-Off Ratio (%) | ▼ | 3.34% | +1.39 | 1.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇▇█ | Net Interest Margin (%) | 4.38% | 4.40% | 4.41% | 4.60% | 4.77% | 4.84% | 4.83% | 4.96% |
| ▁▃▃▂▅▅█▄ | Return on Assets (%) | 1.18% | 1.28% | 1.29% | 1.24% | 1.36% | 1.34% | 1.49% | 1.32% |
| ▁▁▁▄▄█▅█ | Efficiency Ratio (%) | 55.5% | 54.9% | 54.6% | 58.5% | 58.9% | 62.4% | 59.9% | 63.3% |
| ██▅▆▄▃▂▁ | Cost of Funds (%) | 3.62% | 3.58% | 3.20% | 3.28% | 2.96% | 2.87% | 2.76% | 2.51% |
| ▄█▂▁▃▁█▃ | NPA / Assets (%) | 3.66% | 3.94% | 3.40% | 3.37% | 3.49% | 3.31% | 4.03% | 3.56% |
| ██▇▁▁▁▅▄ | Net Charge-Off Ratio (%) | 4.65% | 4.81% | 4.27% | 1.95% | 2.00% | 1.89% | 3.58% | 3.34% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $60 | $61 | $62 | $64 | $65 | $66 | $68 | $69 |
| ▅▄█▆▃▃▃▁ | Gross Loans ($M) | $336 | $332 | $350 | $338 | $327 | $328 | $325 | $315 |
| ▆▅█▆▃▂▂▁ | Total Deposits ($M) | $353 | $347 | $369 | $350 | $327 | $325 | $319 | $312 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 26% |