Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.30% | +0.18 | 0.13% |
| Return on Equity (%) | ▲ | 4.26% | +2.29 | 1.97% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.63 | 2.48% |
| Efficiency Ratio (%) | ▲ | 89.38% | -2.22 | 91.60% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.10 | $0 |
| Cost of Funds (%) | ▲ | 1.78% | -0.43 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $320 | +18.97 | $301 |
| Gross Loans ($M) | ▲ | $200 | +23.74 | $177 |
| Loan Growth YoY (%) | ▼ | 67.99% | -0.13 | 68.12% |
| Total Deposits ($M) | ▲ | $292 | +35.69 | $256 |
| Shareholders Equity ($M) | ▲ | $22 | +2.73 | $20 |
| Tang. Book Value ($M) | ▲ | $22 | +2.73 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +2.41 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 67.99% | -0.13 | 68.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.81% | +1.21 | 0.60% |
| Allowance / Loans (%) | — | 1.11% | -0.25% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 2.89% | +1.86 | 1.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.60% | -0.51 | 11.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▇▇█ | Net Interest Margin (%) | 2.23% | 2.29% | 2.33% | 2.48% | 2.70% | 2.93% | 2.96% | 3.11% |
| ▁▁▂▄███▆ | Return on Assets (%) | -0.24% | -0.19% | -0.06% | 0.13% | 0.61% | 0.63% | 0.56% | 0.30% |
| █▇▇▇▁▁▁▆ | Efficiency Ratio (%) | 94.4% | 90.8% | 89.7% | 91.6% | 75.3% | 75.1% | 75.4% | 89.4% |
| ▆██▆▄▄▃▁ | Cost of Funds (%) | 2.19% | 2.37% | 2.39% | 2.21% | 2.04% | 2.06% | 1.97% | 1.78% |
| ▄▁▁▁▁▁█▇ | NPA / Assets (%) | 1.16% | 0.66% | 0.62% | 0.60% | 0.58% | 0.54% | 2.14% | 1.81% |
| ▅▂▂▂▂▁█▇ | Net Charge-Off Ratio (%) | 2.05% | 1.16% | 1.06% | 1.03% | 0.95% | 0.51% | 3.24% | 2.89% |
| ▁▅▃▄▅███ | Tang. Book Value ($M) | $18 | $20 | $19 | $20 | $20 | $22 | $22 | $22 |
| ▁▁▁▁▃▅██ | Gross Loans ($M) | $180 | $178 | $179 | $177 | $185 | $192 | $201 | $200 |
| ▂▁▂▂▃▃▃█ | Total Deposits ($M) | $252 | $245 | $252 | $256 | $260 | $261 | $261 | $292 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 10% |