Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.43% | +0.96 | -0.53% |
| Return on Equity (%) | ▲ | 5.73% | +12.40 | -6.67% |
| Net Interest Margin (%) | ▲ | 2.97% | +0.21 | 2.75% |
| Efficiency Ratio (%) | ▲ | 90.15% | -10.25 | 100.39% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.27 | $-0 |
| Cost of Funds (%) | ▲ | 1.91% | -0.13 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $381 | +40.31 | $341 |
| Gross Loans ($M) | ▲ | $258 | +0.30 | $258 |
| Loan Growth YoY (%) | ▼ | 79.94% | -10.64 | 90.58% |
| Total Deposits ($M) | ▲ | $317 | +38.96 | $278 |
| Shareholders Equity ($M) | ▲ | $27 | +1.29 | $26 |
| Tang. Book Value ($M) | ▲ | $27 | +1.29 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +0.98 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 79.94% | -10.64 | 90.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.82% | -1.03 | 2.85% |
| Allowance / Loans (%) | — | 1.73% | -0.50% | 2.23% |
| Net Charge-Off Ratio (%) | ▲ | 2.69% | -1.08 | 3.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.71% | +0.87 | 9.84% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▅██▄ | Net Interest Margin (%) | 2.56% | 2.62% | 2.65% | 2.75% | 3.03% | 3.40% | 3.35% | 2.97% |
| ▁▁▃▃▃▅▆█ | Return on Assets (%) | -0.77% | -0.88% | -0.46% | -0.53% | -0.45% | -0.16% | -0.02% | 0.43% |
| ▇▅▆█▅▁▁▃ | Efficiency Ratio (%) | 97.2% | 93.3% | 95.1% | 100.4% | 94.4% | 85.2% | 84.9% | 90.1% |
| ▆▆█▃▆▅▅▁ | Cost of Funds (%) | 2.20% | 2.17% | 2.31% | 2.04% | 2.16% | 2.13% | 2.15% | 1.91% |
| ▁▄▅██▆▆▃ | NPA / Assets (%) | 1.41% | 2.02% | 2.21% | 2.85% | 2.73% | 2.36% | 2.38% | 1.82% |
| ▁▄▄█▇▆▅▄ | Net Charge-Off Ratio (%) | 2.00% | 2.76% | 2.82% | 3.78% | 3.53% | 3.32% | 3.08% | 2.69% |
| ▃▂▄▂▁▃▆█ | Tang. Book Value ($M) | $26 | $26 | $26 | $26 | $26 | $26 | $27 | $27 |
| ▁▅▅▇█▇█▇ | Gross Loans ($M) | $241 | $253 | $255 | $258 | $263 | $260 | $262 | $258 |
| ▃▄▁▂▂▆▁█ | Total Deposits ($M) | $288 | $292 | $272 | $278 | $278 | $300 | $275 | $317 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 23% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 16% |