Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.18% | -0.45 | 0.63% |
| Return on Equity (%) | ▼ | 1.92% | -5.65 | 7.57% |
| Net Interest Margin (%) | ▲ | 3.12% | +0.06 | 3.06% |
| Efficiency Ratio (%) | ▼ | 89.44% | +14.77 | 74.66% |
| Pre-Provision Profit ($M) | ▼ | $1 | -1.03 | $2 |
| Cost of Funds (%) | ▲ | 1.70% | -0.01 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $942 | +42.91 | $899 |
| Gross Loans ($M) | ▲ | $801 | +29.10 | $772 |
| Loan Growth YoY (%) | ▼ | 97.36% | -5.65 | 103.01% |
| Total Deposits ($M) | ▲ | $814 | +72.63 | $741 |
| Shareholders Equity ($M) | ▲ | $98 | +22.33 | $76 |
| Tang. Book Value ($M) | ▲ | $96 | +22.25 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $100 | +21.73 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 97.36% | -5.65 | 103.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.04 | 0.12% |
| Allowance / Loans (%) | — | 1.11% | -0.01% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.05 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.46% | +2.61 | 10.86% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▆▃▄▆█ | Net Interest Margin (%) | 2.99% | 2.97% | 2.96% | 3.06% | 3.02% | 3.04% | 3.06% | 3.12% |
| ▇█████▇▁ | Return on Assets (%) | 0.57% | 0.60% | 0.60% | 0.63% | 0.61% | 0.60% | 0.55% | 0.18% |
| ▁▁▁▁▁▁▂█ | Efficiency Ratio (%) | 76.0% | 75.1% | 75.3% | 74.7% | 75.2% | 75.8% | 78.2% | 89.4% |
| ▄▆▆▁▃█▂▁ | Cost of Funds (%) | 1.80% | 1.88% | 1.89% | 1.71% | 1.79% | 1.95% | 1.76% | 1.70% |
| █▆▄▃▁▂▅▁ | NPA / Assets (%) | 0.23% | 0.17% | 0.13% | 0.12% | 0.06% | 0.10% | 0.15% | 0.08% |
| █▅▄▃▁▂▅▁ | Net Charge-Off Ratio (%) | 0.26% | 0.19% | 0.15% | 0.15% | 0.07% | 0.12% | 0.17% | 0.10% |
| ▁▁▂▃▃▃▃█ | Tang. Book Value ($M) | $66 | $68 | $72 | $74 | $76 | $76 | $77 | $96 |
| ▁▂▃▄▆▇██ | Gross Loans ($M) | $741 | $757 | $764 | $772 | $781 | $793 | $803 | $801 |
| ▁▅▁▄▂█▅█ | Total Deposits ($M) | $703 | $767 | $696 | $741 | $714 | $808 | $766 | $814 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 3% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 19% |