Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.55% | +0.39 | 0.16% |
| Return on Equity (%) | ▲ | 5.18% | +3.69 | 1.49% |
| Net Interest Margin (%) | ▲ | 1.96% | +0.64 | 1.32% |
| Efficiency Ratio (%) | ▲ | 69.50% | -20.40 | 89.90% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.99 | $0 |
| Cost of Funds (%) | ▲ | 2.76% | -0.18 | 2.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $831 | +34.25 | $797 |
| Gross Loans ($M) | ▲ | $667 | +13.86 | $653 |
| Loan Growth YoY (%) | ▼ | 113.61% | -3.94 | 117.55% |
| Total Deposits ($M) | ▲ | $580 | +31.22 | $549 |
| Shareholders Equity ($M) | ▲ | $88 | +3.14 | $85 |
| Tang. Book Value ($M) | ▲ | $86 | +3.28 | $83 |
| TBV excl. AOCI ($M)** | ▲ | $91 | +3.55 | $88 |
| Loan / Deposit Ratio (%) | ▼ | 113.61% | -3.94 | 117.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.15% | -0.02% | 1.17% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.91% | -0.44 | 16.35% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 0.74% | 0.83% | 0.96% | 1.32% | 1.39% | 1.47% | 1.57% | 1.96% |
| ▁▁▁▃▄▅▆█ | Return on Assets (%) | 0.01% | 0.00% | 0.00% | 0.16% | 0.23% | 0.28% | 0.35% | 0.55% |
| █▇▆▃▂▂▁▁ | Efficiency Ratio (%) | 147.4% | 135.9% | 120.9% | 89.9% | 83.4% | 79.5% | 74.8% | 69.5% |
| █▅▄▂▂▂▁▁ | Cost of Funds (%) | 3.51% | 3.21% | 3.12% | 2.94% | 2.91% | 2.91% | 2.80% | 2.76% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▂▄▅▆██ | Tang. Book Value ($M) | $80 | $82 | $81 | $83 | $83 | $84 | $86 | $86 |
| █▇▅▄▁▃▇▆ | Gross Loans ($M) | $686 | $676 | $661 | $653 | $632 | $647 | $674 | $667 |
| ▅█▁▁▅▅██ | Total Deposits ($M) | $566 | $577 | $546 | $549 | $566 | $566 | $577 | $580 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 35% |