Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.17% | -1.32 | 3.49% |
| Return on Equity (%) | ▼ | 8.46% | -6.16 | 14.62% |
| Net Interest Margin (%) | ▼ | 4.75% | -0.50 | 5.24% |
| Efficiency Ratio (%) | ▼ | 47.12% | +10.76 | 36.35% |
| Pre-Provision Profit ($M) | ▼ | $4 | -2.04 | $6 |
| Cost of Funds (%) | ▲ | 1.61% | -0.24 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $643 | -17.98 | $661 |
| Gross Loans ($M) | ▼ | $506 | -13.16 | $519 |
| Loan Growth YoY (%) | ▲ | 109.49% | +3.07 | 106.42% |
| Total Deposits ($M) | ▼ | $458 | -25.87 | $484 |
| Shareholders Equity ($M) | ▲ | $163 | +6.93 | $156 |
| Tang. Book Value ($M) | ▲ | $161 | +6.93 | $154 |
| Loan / Deposit Ratio (%) | ▲ | 109.49% | +3.07 | 106.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 7.08% | -1.06 | 8.14% |
| Allowance / Loans (%) | — | 0.87% | 0.08% | 0.78% |
| Net Charge-Off Ratio (%) | ▲ | 6.06% | -3.06 | 9.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▆▆█▇▃ | Net Interest Margin (%) | 4.43% | 4.63% | 4.68% | 5.24% | 5.30% | 5.65% | 5.43% | 4.75% |
| ▂▃▅████▁ | Return on Assets (%) | 2.45% | 2.60% | 2.89% | 3.49% | 3.36% | 3.51% | 3.44% | 2.17% |
| ▅▅▅▁▁▁▁█ | Efficiency Ratio (%) | 42.4% | 41.8% | 41.2% | 36.4% | 36.0% | 35.3% | 36.7% | 47.1% |
| ▇█▅▆▆▆▅▁ | Cost of Funds (%) | 1.88% | 1.95% | 1.81% | 1.85% | 1.83% | 1.83% | 1.81% | 1.61% |
| ▄█▅▄▃▂▂▁ | NPA / Assets (%) | 8.23% | 9.64% | 8.51% | 8.14% | 7.83% | 7.44% | 7.65% | 7.08% |
| ▆█▆▆▆▄▅▁ | Net Charge-Off Ratio (%) | 8.76% | 10.18% | 9.07% | 9.13% | 8.67% | 8.04% | 8.14% | 6.06% |
| ▁▂▄▅▆███ | Tang. Book Value ($M) | $144 | $147 | $151 | $154 | $157 | $161 | $161 | $161 |
| ███▅▆▃▃▁ | Gross Loans ($M) | $529 | $528 | $531 | $519 | $522 | $514 | $512 | $506 |
| ▁▂▄██▆▄▆ | Total Deposits ($M) | $407 | $418 | $445 | $484 | $478 | $456 | $443 | $458 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 14% |