Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.16% | -0.30 | 0.46% |
| Return on Equity (%) | ▼ | 2.05% | -5.37 | 7.42% |
| Net Interest Margin (%) | ▲ | 2.76% | +0.11 | 2.65% |
| Efficiency Ratio (%) | ▲ | 94.56% | -1.30 | 95.86% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.03 | $0 |
| Cost of Funds (%) | ▲ | 0.52% | -0.09 | 0.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $296 | -0.67 | $297 |
| Gross Loans ($M) | ▲ | $81 | +9.33 | $72 |
| Loan Growth YoY (%) | ▲ | 29.03% | +3.89 | 25.14% |
| Total Deposits ($M) | ▼ | $272 | -5.71 | $278 |
| Shareholders Equity ($M) | ▲ | $23 | +4.88 | $19 |
| Tang. Book Value ($M) | ▲ | $23 | +4.88 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +4.50 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 29.03% | +3.89 | 25.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.97% | +0.17 | 0.80% |
| Allowance / Loans (%) | — | 2.73% | -0.10% | 2.83% |
| Net Charge-Off Ratio (%) | ▼ | 3.39% | +0.26 | 3.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 26.08% | -1.37 | 27.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▁▆██▅ | Net Interest Margin (%) | 2.68% | 2.69% | 2.70% | 2.65% | 2.78% | 2.84% | 2.85% | 2.76% |
| ▅▄█▄▇▅▄▁ | Return on Assets (%) | 0.52% | 0.47% | 0.87% | 0.46% | 0.73% | 0.56% | 0.44% | 0.16% |
| ▁▂▁█▅▆▇█ | Efficiency Ratio (%) | 82.0% | 83.9% | 82.8% | 95.9% | 90.1% | 91.1% | 92.7% | 94.6% |
| ▅██▄▃▄▃▁ | Cost of Funds (%) | 0.64% | 0.72% | 0.72% | 0.61% | 0.58% | 0.60% | 0.59% | 0.52% |
| ▁▁▆▆▁▁██ | NPA / Assets (%) | 0.39% | 0.40% | 0.82% | 0.80% | 0.38% | 0.37% | 0.96% | 0.97% |
| ▂▂█▇▁▁██ | Net Charge-Off Ratio (%) | 1.56% | 1.51% | 3.23% | 3.12% | 1.25% | 1.13% | 3.44% | 3.39% |
| ▁▂▄▅▆███ | Tang. Book Value ($M) | $13 | $16 | $18 | $19 | $21 | $22 | $23 | $23 |
| ▁▁▃▃▇█▇█ | Gross Loans ($M) | $66 | $68 | $70 | $72 | $78 | $82 | $79 | $81 |
| ▆▁▇█▆▁▇▅ | Total Deposits ($M) | $273 | $265 | $275 | $278 | $274 | $265 | $275 | $272 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 14% |
| Consumer | 14% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 8% |