Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.15% | +0.22 | -0.07% |
| Return on Equity (%) | ▲ | 1.78% | +2.70 | -0.92% |
| Net Interest Margin (%) | ▲ | 2.59% | +0.50 | 2.09% |
| Efficiency Ratio (%) | ▲ | 89.53% | -17.63 | 107.16% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.59 | $-0 |
| Cost of Funds (%) | ▲ | 1.83% | -0.49 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $510 | -16.85 | $527 |
| Gross Loans ($M) | ▼ | $413 | -9.03 | $422 |
| Loan Growth YoY (%) | ▲ | 92.21% | +0.05 | 92.16% |
| Total Deposits ($M) | ▼ | $443 | -9.95 | $453 |
| Shareholders Equity ($M) | ▲ | $43 | +2.31 | $41 |
| Tang. Book Value ($M) | ▲ | $42 | +2.53 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +2.48 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 92.21% | +0.05 | 92.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -0.33 | 0.70% |
| Allowance / Loans (%) | — | 0.98% | -0.00% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.46% | -0.42 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.71% | +0.41 | 14.30% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▃▅█ | Net Interest Margin (%) | 2.07% | 2.07% | 2.02% | 2.09% | 2.14% | 2.23% | 2.31% | 2.59% |
| █▇▅▁▁▄▇█ | Return on Assets (%) | 0.18% | 0.12% | 0.06% | -0.07% | -0.05% | 0.03% | 0.13% | 0.15% |
| ▅▅▇█▇▅▃▁ | Efficiency Ratio (%) | 99.2% | 100.5% | 102.9% | 107.2% | 103.7% | 98.6% | 94.1% | 89.5% |
| ▇▇█▇▅▃▂▁ | Cost of Funds (%) | 2.35% | 2.32% | 2.44% | 2.32% | 2.21% | 1.99% | 1.93% | 1.83% |
| ▁▁█▇█▂▃▃ | NPA / Assets (%) | 0.21% | 0.24% | 0.79% | 0.70% | 0.72% | 0.34% | 0.37% | 0.37% |
| ▁▁█▇█▂▃▃ | Net Charge-Off Ratio (%) | 0.26% | 0.30% | 0.97% | 0.88% | 0.92% | 0.42% | 0.46% | 0.46% |
| ▁▄▁▃▃▆██ | Tang. Book Value ($M) | $39 | $40 | $39 | $40 | $40 | $41 | $42 | $42 |
| ██▅▃▁▁▁▁ | Gross Loans ($M) | $445 | $441 | $430 | $422 | $410 | $411 | $412 | $413 |
| ▂▂▁▇█▆▅▃ | Total Deposits ($M) | $438 | $440 | $435 | $453 | $459 | $453 | $449 | $443 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 19% |