Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.82% | +0.20 | 0.61% |
| Return on Equity (%) | ▲ | 8.10% | +1.65 | 6.45% |
| Net Interest Margin (%) | ▲ | 3.20% | +0.39 | 2.81% |
| Efficiency Ratio (%) | ▲ | 65.12% | -2.38 | 67.50% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.18 | $1 |
| Cost of Funds (%) | ▲ | 1.14% | -0.08 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $353 | +8.20 | $345 |
| Gross Loans ($M) | ▲ | $235 | +14.73 | $220 |
| Loan Growth YoY (%) | ▼ | 81.28% | -5.17 | 86.45% |
| Total Deposits ($M) | ▲ | $286 | +33.96 | $252 |
| Shareholders Equity ($M) | ▲ | $36 | +2.08 | $34 |
| Tang. Book Value ($M) | ▲ | $36 | +2.08 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +1.35 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 81.28% | -5.17 | 86.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.82% | 0.03% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 21.98% | -0.22 | 22.20% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▆█ | Net Interest Margin (%) | 2.40% | 2.44% | 2.50% | 2.81% | 2.91% | 2.95% | 2.99% | 3.20% |
| ▁▁▁▅▆▆▆█ | Return on Assets (%) | 0.28% | 0.30% | 0.32% | 0.61% | 0.62% | 0.67% | 0.62% | 0.82% |
| ███▁▂▂▂▁ | Efficiency Ratio (%) | 84.4% | 83.6% | 82.6% | 67.5% | 68.9% | 68.0% | 68.3% | 65.1% |
| ▄█▆▃▄▅▂▁ | Cost of Funds (%) | 1.24% | 1.38% | 1.30% | 1.23% | 1.25% | 1.28% | 1.19% | 1.14% |
| ▆█▁▁▅▁▁▁ | NPA / Assets (%) | 0.04% | 0.07% | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% |
| ▆█▁▁▅▁▁▁ | Net Charge-Off Ratio (%) | 0.07% | 0.11% | 0.01% | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% |
| ▁▃▂▆▇▇██ | Tang. Book Value ($M) | $30 | $32 | $31 | $34 | $34 | $35 | $35 | $36 |
| ▁▂▄▅▆▆██ | Gross Loans ($M) | $203 | $209 | $217 | $220 | $226 | $225 | $233 | $235 |
| ▂▁▁▂▁███ | Total Deposits ($M) | $250 | $247 | $245 | $252 | $247 | $283 | $286 | $286 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 2% |