Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.37% | +0.08 | 0.29% |
| Return on Equity (%) | ▼ | 4.03% | -0.16 | 4.19% |
| Net Interest Margin (%) | ▲ | 2.68% | +0.32 | 2.36% |
| Efficiency Ratio (%) | ▲ | 79.18% | -3.59 | 82.77% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.10 | $0 |
| Cost of Funds (%) | ▲ | 1.64% | -0.60 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $299 | -31.98 | $331 |
| Gross Loans ($M) | ▼ | $122 | -17.84 | $140 |
| Loan Growth YoY (%) | ▼ | 44.73% | -0.40 | 45.13% |
| Total Deposits ($M) | ▼ | $268 | -37.27 | $306 |
| Shareholders Equity ($M) | ▲ | $29 | +5.15 | $23 |
| Tang. Book Value ($M) | ▲ | $29 | +5.15 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +5.15 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 44.73% | -0.40 | 45.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.21 | 0.14% |
| Allowance / Loans (%) | — | 1.68% | 0.24% | 1.44% |
| Net Charge-Off Ratio (%) | ▼ | 0.84% | +0.52 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.10% | +2.81 | 17.29% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆▆▁▆███ | Net Interest Margin (%) | 2.54% | 2.60% | 2.58% | 2.36% | 2.59% | 2.66% | 2.67% | 2.68% |
| ▅▇█▁███▂ | Return on Assets (%) | 0.47% | 0.59% | 0.63% | 0.29% | 0.60% | 0.64% | 0.63% | 0.37% |
| ▅▃▂█▂▁▁▇ | Efficiency Ratio (%) | 76.5% | 71.3% | 69.6% | 82.8% | 70.6% | 66.5% | 66.5% | 79.2% |
| ▂▃██▅▃▁▁ | Cost of Funds (%) | 1.72% | 1.82% | 2.25% | 2.24% | 1.99% | 1.82% | 1.63% | 1.64% |
| ▂▂▁▂▁█▅▅ | NPA / Assets (%) | 0.17% | 0.14% | 0.12% | 0.14% | 0.07% | 0.62% | 0.41% | 0.34% |
| ▂▁▁▁▁█▆▄ | Net Charge-Off Ratio (%) | 0.37% | 0.33% | 0.28% | 0.32% | 0.17% | 1.57% | 1.06% | 0.84% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $20 | $24 | $22 | $23 | $25 | $27 | $28 | $29 |
| ▃▇██▂▁▁▁ | Gross Loans ($M) | $126 | $138 | $141 | $140 | $125 | $120 | $120 | $122 |
| ▁▆██▆▅▅▄ | Total Deposits ($M) | $240 | $285 | $310 | $306 | $290 | $276 | $282 | $268 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 2% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 15% |