Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.49% | +0.05 | 0.44% |
| Return on Equity (%) | ▲ | 6.01% | +0.01 | 6.00% |
| Net Interest Margin (%) | ▼ | 2.62% | -0.04 | 2.66% |
| Efficiency Ratio (%) | ▲ | 80.27% | -3.30 | 83.57% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.11 | $0 |
| Cost of Funds (%) | ▲ | 1.88% | -0.02 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $324 | +12.01 | $312 |
| Gross Loans ($M) | ▼ | $136 | -1.36 | $137 |
| Loan Growth YoY (%) | ▼ | 53.21% | -2.27 | 55.47% |
| Total Deposits ($M) | ▲ | $251 | +7.64 | $244 |
| Shareholders Equity ($M) | ▲ | $26 | +2.98 | $23 |
| Tang. Book Value ($M) | ▲ | $26 | +2.98 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +3.77 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 53.21% | -2.27 | 55.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.01% | +2.23 | 0.78% |
| Allowance / Loans (%) | — | 1.48% | 0.09% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 7.08% | +5.32 | 1.76% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.21% | +0.79 | 13.42% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂█▇▄▄▇ | Net Interest Margin (%) | 2.48% | 2.51% | 2.51% | 2.66% | 2.62% | 2.57% | 2.56% | 2.62% |
| ▁▃▃▇▇▆▆█ | Return on Assets (%) | 0.23% | 0.30% | 0.31% | 0.44% | 0.46% | 0.40% | 0.42% | 0.49% |
| █▇▆▃▁▃▃▁ | Efficiency Ratio (%) | 90.8% | 88.3% | 87.5% | 83.6% | 81.3% | 83.8% | 83.2% | 80.3% |
| ▁▅▃▁██▄▁ | Cost of Funds (%) | 1.85% | 2.04% | 1.98% | 1.90% | 2.17% | 2.21% | 2.01% | 1.88% |
| ▁▁▁▁▁█▁█ | NPA / Assets (%) | 0.76% | 0.74% | 0.75% | 0.78% | 0.82% | 2.81% | 0.81% | 3.01% |
| ▁▁▁▁▁▇▁█ | Net Charge-Off Ratio (%) | 1.64% | 1.54% | 1.66% | 1.76% | 1.71% | 5.96% | 1.07% | 7.08% |
| ▁▅▃▅▆███ | Tang. Book Value ($M) | $19 | $23 | $22 | $23 | $24 | $26 | $27 | $26 |
| ▂▆▁▄██▅▃ | Gross Loans ($M) | $134 | $140 | $133 | $137 | $143 | $143 | $139 | $136 |
| ▁▁▄▇▅▄▇█ | Total Deposits ($M) | $220 | $220 | $233 | $244 | $236 | $234 | $245 | $251 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 14% |