Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.38% | -0.23 | 0.61% |
| Return on Equity (%) | ▼ | 1.60% | -1.15 | 2.75% |
| Net Interest Margin (%) | ▼ | 3.39% | -0.13 | 3.52% |
| Efficiency Ratio (%) | ▼ | 82.10% | +6.38 | 75.73% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.43 | $1 |
| Cost of Funds (%) | ▲ | 0.76% | -0.48 | 1.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $542 | -42.98 | $585 |
| Gross Loans ($M) | ▼ | $154 | -35.13 | $189 |
| Loan Growth YoY (%) | ▼ | 35.10% | -5.00 | 40.09% |
| Total Deposits ($M) | ▼ | $410 | -37.74 | $448 |
| Shareholders Equity ($M) | ▼ | $127 | -4.01 | $131 |
| Tang. Book Value ($M) | ▼ | $127 | -4.00 | $131 |
| TBV excl. AOCI ($M)** | ▼ | $130 | -5.72 | $136 |
| Loan / Deposit Ratio (%) | ▼ | 35.10% | -5.00 | 40.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.16% | +1.32 | 1.85% |
| Allowance / Loans (%) | — | 6.30% | 1.44% | 4.86% |
| Net Charge-Off Ratio (%) | ▼ | 11.16% | +5.44 | 5.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 87.99% | +14.06 | 73.93% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆▆▅▆██▁ | Net Interest Margin (%) | 3.54% | 3.56% | 3.55% | 3.52% | 3.56% | 3.63% | 3.64% | 3.39% |
| ▂▄▃▄█▆▆▁ | Return on Assets (%) | 0.49% | 0.59% | 0.56% | 0.61% | 0.90% | 0.73% | 0.71% | 0.38% |
| ▄▄▄▅▁▂▂█ | Efficiency Ratio (%) | 73.9% | 72.3% | 72.5% | 75.7% | 66.2% | 68.3% | 68.6% | 82.1% |
| ███▆▅▃▁▁ | Cost of Funds (%) | 1.45% | 1.47% | 1.40% | 1.24% | 1.19% | 1.01% | 0.84% | 0.76% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 1.74% | 1.72% | 1.71% | 1.85% | 1.87% | 1.87% | 3.21% | 3.16% |
| ▁▁▁▂▂▃██ | Net Charge-Off Ratio (%) | 4.26% | 4.30% | 4.89% | 5.72% | 5.97% | 6.34% | 10.89% | 11.16% |
| ▁▆▆█▂▄▁▂ | Tang. Book Value ($M) | $126 | $129 | $129 | $131 | $127 | $128 | $126 | $127 |
| ██▅▄▃▂▁▁ | Gross Loans ($M) | $239 | $236 | $206 | $189 | $180 | $168 | $158 | $154 |
| ████▆▆▁▁ | Total Deposits ($M) | $453 | $454 | $453 | $448 | $440 | $438 | $404 | $410 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 4% |