Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.61% | +0.16 | 0.46% |
| Return on Equity (%) | ▲ | 6.63% | +0.98 | 5.65% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.19 | 2.82% |
| Efficiency Ratio (%) | ▲ | 73.74% | -7.74 | 81.47% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $0 |
| Cost of Funds (%) | ▲ | 1.98% | -0.15 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $313 | +0.31 | $313 |
| Gross Loans ($M) | ▲ | $212 | +1.91 | $210 |
| Loan Growth YoY (%) | ▲ | 81.91% | +1.54 | 80.37% |
| Total Deposits ($M) | ▼ | $256 | -2.66 | $259 |
| Shareholders Equity ($M) | ▲ | $29 | +2.93 | $26 |
| Tang. Book Value ($M) | ▲ | $29 | +2.93 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +2.89 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 81.91% | +1.54 | 80.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.31 | 0.53% |
| Allowance / Loans (%) | — | 0.80% | 0.04% | 0.77% |
| Net Charge-Off Ratio (%) | ▼ | 1.25% | +0.46 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.55% | +0.65 | 17.90% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▇▇█ | Net Interest Margin (%) | 2.51% | 2.51% | 2.57% | 2.82% | 2.87% | 2.90% | 2.95% | 3.02% |
| ▂▁▃▅▆▆██ | Return on Assets (%) | 0.35% | 0.28% | 0.36% | 0.46% | 0.50% | 0.51% | 0.61% | 0.61% |
| ▇█▇▄▃▃▂▁ | Efficiency Ratio (%) | 87.3% | 89.7% | 86.1% | 81.5% | 79.2% | 79.2% | 77.1% | 73.7% |
| ▇█▆▃▄▄▂▁ | Cost of Funds (%) | 2.30% | 2.39% | 2.27% | 2.12% | 2.15% | 2.15% | 2.05% | 1.98% |
| ▄▁▂▂▂▅▆█ | NPA / Assets (%) | 0.64% | 0.46% | 0.53% | 0.53% | 0.52% | 0.70% | 0.73% | 0.84% |
| ▄▁▂▂▂▅▆█ | Net Charge-Off Ratio (%) | 0.96% | 0.69% | 0.77% | 0.79% | 0.77% | 1.03% | 1.07% | 1.25% |
| ▁▄▁▂▃▆█▇ | Tang. Book Value ($M) | $24 | $27 | $25 | $26 | $26 | $28 | $29 | $29 |
| ▁▄▇▅▆▄█▇ | Gross Loans ($M) | $207 | $210 | $211 | $210 | $211 | $209 | $212 | $212 |
| ▁██▅▂▁▂▂ | Total Deposits ($M) | $255 | $264 | $264 | $259 | $256 | $254 | $255 | $256 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 17% |