Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.24% | +0.40 | -0.16% |
| Return on Equity (%) | ▲ | 3.01% | +5.00 | -1.99% |
| Net Interest Margin (%) | ▲ | 3.03% | +0.53 | 2.50% |
| Efficiency Ratio (%) | ▲ | 90.04% | -14.73 | 104.77% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.79 | $-0 |
| Cost of Funds (%) | ▲ | 1.69% | -0.29 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $729 | -20.88 | $750 |
| Gross Loans ($M) | ▼ | $518 | -18.87 | $537 |
| Loan Growth YoY (%) | ▼ | 87.46% | -1.17 | 88.63% |
| Total Deposits ($M) | ▼ | $583 | -14.19 | $597 |
| Shareholders Equity ($M) | ▼ | $59 | -2.16 | $61 |
| Tang. Book Value ($M) | ▼ | $58 | -2.13 | $60 |
| TBV excl. AOCI ($M)** | ▼ | $66 | -1.78 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 87.46% | -1.17 | 88.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.42% | -0.59 | 2.02% |
| Allowance / Loans (%) | — | 1.47% | 0.15% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 1.68% | -1.13 | 2.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.75% | -0.94 | 14.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▄█ | Net Interest Margin (%) | 2.48% | 2.47% | 2.48% | 2.50% | 2.63% | 2.69% | 2.75% | 3.03% |
| ▄▅▅▅█▅▁█ | Return on Assets (%) | -0.33% | -0.13% | -0.18% | -0.16% | 0.21% | -0.19% | -0.71% | 0.24% |
| ▆▄▄█▃▂▂▁ | Efficiency Ratio (%) | 99.8% | 97.3% | 96.9% | 104.8% | 94.0% | 91.9% | 93.6% | 90.0% |
| ▅██▇▄▄▄▁ | Cost of Funds (%) | 1.92% | 2.07% | 2.07% | 1.98% | 1.83% | 1.85% | 1.84% | 1.69% |
| ▂▅▅▅▅█▁▁ | NPA / Assets (%) | 1.64% | 2.02% | 2.04% | 2.02% | 2.02% | 2.59% | 1.35% | 1.42% |
| ▄▇▇▇▅█▁▁ | Net Charge-Off Ratio (%) | 2.27% | 2.81% | 2.82% | 2.82% | 2.40% | 3.20% | 1.58% | 1.68% |
| ▂█▁▄▆▆▁▁ | Tang. Book Value ($M) | $59 | $63 | $59 | $60 | $62 | $62 | $59 | $58 |
| ▇█▆▆▅▆▄▁ | Gross Loans ($M) | $538 | $543 | $536 | $537 | $532 | $536 | $529 | $518 |
| ▆▆█▇▆▁▂▄ | Total Deposits ($M) | $592 | $593 | $604 | $597 | $591 | $566 | $571 | $583 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 17% |