Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.73% | -0.08 | 0.81% |
| Return on Equity (%) | ▼ | 6.05% | -1.51 | 7.56% |
| Net Interest Margin (%) | ▲ | 4.84% | +0.50 | 4.34% |
| Efficiency Ratio (%) | ▼ | 79.45% | +4.25 | 75.19% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.09 | $1 |
| Cost of Funds (%) | ▲ | 0.30% | -0.02 | 0.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $296 | -9.63 | $305 |
| Gross Loans ($M) | ▼ | $224 | -5.61 | $229 |
| Loan Growth YoY (%) | ▲ | 85.17% | +1.97 | 83.20% |
| Total Deposits ($M) | ▼ | $258 | -12.70 | $271 |
| Shareholders Equity ($M) | ▲ | $36 | +2.98 | $33 |
| Tang. Book Value ($M) | ▲ | $36 | +2.98 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +2.57 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 85.17% | +1.97 | 83.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.41% | +1.10 | 2.31% |
| Allowance / Loans (%) | — | 1.62% | -0.02% | 1.65% |
| Net Charge-Off Ratio (%) | ▼ | 3.34% | +0.26 | 3.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▆█ | Net Interest Margin (%) | 4.30% | 4.27% | 4.29% | 4.34% | 4.46% | 4.56% | 4.67% | 4.84% |
| ▇▇▆▅█▇█▁ | Return on Assets (%) | 0.85% | 0.84% | 0.82% | 0.81% | 0.86% | 0.85% | 0.87% | 0.73% |
| ▁▂▃▅▄▄▄█ | Efficiency Ratio (%) | 70.5% | 72.2% | 73.2% | 75.2% | 74.1% | 75.0% | 75.0% | 79.4% |
| ██▆▄▁▁▃▂ | Cost of Funds (%) | 0.39% | 0.39% | 0.36% | 0.32% | 0.28% | 0.28% | 0.31% | 0.30% |
| ▁▅▅▅▅▅▅█ | NPA / Assets (%) | 0.94% | 2.40% | 2.35% | 2.31% | 2.33% | 2.24% | 2.28% | 3.41% |
| ▁██▇▇▃▃█ | Net Charge-Off Ratio (%) | 1.24% | 3.21% | 3.13% | 3.07% | 3.06% | 1.90% | 1.93% | 3.34% |
| ▁▃▄▅▆▇██ | Tang. Book Value ($M) | $30 | $32 | $32 | $33 | $34 | $35 | $36 | $36 |
| █▅▅▃▅▁▂▁ | Gross Loans ($M) | $240 | $233 | $233 | $229 | $232 | $224 | $226 | $224 |
| █▅▆▄▄▄▄▁ | Total Deposits ($M) | $284 | $274 | $277 | $271 | $270 | $270 | $269 | $258 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 1% |