Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.19% | +0.16 | -0.36% |
| Return on Equity (%) | ▲ | -1.68% | +1.58 | -3.26% |
| Net Interest Margin (%) | ▲ | 2.64% | +0.23 | 2.41% |
| Efficiency Ratio (%) | ▲ | 96.05% | -22.76 | 118.81% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.92 | $-1 |
| Cost of Funds (%) | ▲ | 2.55% | -0.44 | 2.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $653 | -35.76 | $689 |
| Gross Loans ($M) | ▼ | $453 | -68.33 | $521 |
| Loan Growth YoY (%) | ▼ | 81.09% | -8.81 | 89.90% |
| Total Deposits ($M) | ▼ | $551 | -20.56 | $572 |
| Shareholders Equity ($M) | ▲ | $76 | +0.67 | $76 |
| Tang. Book Value ($M) | ▲ | $71 | +0.69 | $71 |
| Loan / Deposit Ratio (%) | ▼ | 81.09% | -8.81 | 89.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.65% | +3.74 | 0.91% |
| Allowance / Loans (%) | — | 1.29% | -0.07% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 3.31% | +2.30 | 1.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.11% | +1.20 | 12.91% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▆▇█▇ | Net Interest Margin (%) | 2.27% | 2.26% | 2.42% | 2.41% | 2.57% | 2.65% | 2.71% | 2.64% |
| ▁▂▁▄███▆ | Return on Assets (%) | -0.58% | -0.48% | -0.51% | -0.36% | -0.02% | -0.07% | -0.03% | -0.19% |
| ▇▇█▆▂▂▁▁ | Efficiency Ratio (%) | 123.8% | 122.4% | 128.6% | 118.8% | 104.1% | 102.7% | 97.2% | 96.1% |
| ▇▆█▄▄▃▂▁ | Cost of Funds (%) | 3.46% | 3.40% | 3.69% | 2.99% | 3.00% | 2.89% | 2.73% | 2.55% |
| ▂▂▂▁▁▁▄█ | NPA / Assets (%) | 1.47% | 1.64% | 1.80% | 0.91% | 1.15% | 1.26% | 2.75% | 4.65% |
| ▁▁▁▁▂▂██ | Net Charge-Off Ratio (%) | 0.77% | 1.02% | 1.04% | 1.01% | 1.29% | 1.25% | 3.61% | 3.31% |
| ▂▁▆▅█▇█▇ | Tang. Book Value ($M) | $70 | $70 | $71 | $71 | $72 | $72 | $72 | $71 |
| ██▃▃▂▂▂▁ | Gross Loans ($M) | $699 | $694 | $520 | $521 | $495 | $497 | $485 | $453 |
| ██▁▁▁▁▁▁ | Total Deposits ($M) | $798 | $803 | $576 | $572 | $545 | $557 | $556 | $551 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 9% |