Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.67% | -0.27 | 0.94% |
| Return on Equity (%) | ▼ | 6.57% | -4.10 | 10.67% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.61 | 3.19% |
| Efficiency Ratio (%) | ▲ | 66.82% | -4.67 | 71.49% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.85 | $2 |
| Cost of Funds (%) | ▲ | 2.01% | -0.42 | 2.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $996 | -67.44 | $1,063 |
| Gross Loans ($M) | ▼ | $792 | -99.33 | $891 |
| Loan Growth YoY (%) | ▼ | 88.27% | -3.40 | 91.67% |
| Total Deposits ($M) | ▼ | $879 | -77.81 | $957 |
| Shareholders Equity ($M) | ▲ | $103 | +7.32 | $95 |
| Tang. Book Value ($M) | ▲ | $100 | +8.01 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $103 | +7.76 | $95 |
| Loan / Deposit Ratio (%) | ▼ | 88.27% | -3.40 | 91.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.53% | +1.47 | 2.06% |
| Allowance / Loans (%) | — | 1.96% | 0.43% | 1.53% |
| Net Charge-Off Ratio (%) | ▼ | 4.15% | +2.19 | 1.96% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.91% | +2.24 | 10.67% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▇█ | Net Interest Margin (%) | 2.79% | 2.78% | 2.84% | 3.19% | 3.46% | 3.50% | 3.56% | 3.80% |
| ▅▅▁██▇▇▇ | Return on Assets (%) | 0.42% | 0.36% | -0.38% | 0.94% | 0.93% | 0.73% | 0.66% | 0.67% |
| █▇▇▄▂▁▂▁ | Efficiency Ratio (%) | 80.0% | 78.1% | 76.6% | 71.5% | 68.7% | 65.0% | 67.2% | 66.8% |
| ███▅▄▃▂▁ | Cost of Funds (%) | 2.69% | 2.75% | 2.71% | 2.43% | 2.32% | 2.21% | 2.18% | 2.01% |
| ██▆▃▁▅▅█ | NPA / Assets (%) | 3.79% | 3.75% | 3.02% | 2.06% | 1.33% | 2.78% | 2.72% | 3.53% |
| ██▆▃▁▅▅█ | Net Charge-Off Ratio (%) | 3.87% | 3.95% | 3.02% | 1.96% | 1.07% | 2.76% | 2.96% | 4.15% |
| ▂▄▁▃▅▆▇█ | Tang. Book Value ($M) | $90 | $93 | $88 | $92 | $95 | $97 | $98 | $100 |
| ███▆▅▄▄▁ | Gross Loans ($M) | $928 | $933 | $919 | $891 | $868 | $852 | $846 | $792 |
| ▆█▆▆▃▁▁▁ | Total Deposits ($M) | $967 | $1,003 | $963 | $957 | $923 | $889 | $891 | $879 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 13% |