Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.84% | +0.42 | 0.42% |
| Return on Equity (%) | ▲ | 7.91% | +4.93 | 2.98% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.49 | 3.94% |
| Efficiency Ratio (%) | ▲ | 73.96% | -7.45 | 81.42% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.57 | $1 |
| Cost of Funds (%) | ▼ | 1.52% | +0.20 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $495 | +7.15 | $488 |
| Gross Loans ($M) | ▲ | $332 | +45.86 | $286 |
| Loan Growth YoY (%) | ▲ | 72.96% | +5.51 | 67.45% |
| Total Deposits ($M) | ▲ | $444 | +29.38 | $415 |
| Shareholders Equity ($M) | ▼ | $33 | -36.97 | $70 |
| Tang. Book Value ($M) | ▼ | $33 | -36.97 | $70 |
| TBV excl. AOCI ($M)** | ▼ | $35 | -38.25 | $74 |
| Loan / Deposit Ratio (%) | ▲ | 72.96% | +5.51 | 67.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.01 | 0.03% |
| Allowance / Loans (%) | — | 2.43% | 0.16% | 2.27% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.02 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.91% | -11.67 | 21.58% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁█▇▇▅ | Net Interest Margin (%) | 4.09% | 4.01% | 3.98% | 3.94% | 4.85% | 4.68% | 4.65% | 4.44% |
| ▅▄▃▁▅▇██ | Return on Assets (%) | 0.65% | 0.61% | 0.58% | 0.42% | 0.66% | 0.77% | 0.86% | 0.84% |
| ▂▂▃▆█▅▄▁ | Efficiency Ratio (%) | 75.6% | 76.4% | 77.1% | 81.4% | 85.6% | 80.1% | 79.1% | 74.0% |
| ▁▆▆▅▅▅▅█ | Cost of Funds (%) | 1.05% | 1.36% | 1.37% | 1.32% | 1.35% | 1.34% | 1.30% | 1.52% |
| █▇▁▁▁▁▁▁ | NPA / Assets (%) | 0.25% | 0.21% | 0.03% | 0.03% | 0.03% | 0.02% | 0.03% | 0.02% |
| █▇▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.45% | 0.39% | 0.05% | 0.05% | 0.04% | 0.04% | 0.04% | 0.03% |
| ▇▇▇▇███▁ | Tang. Book Value ($M) | $66 | $68 | $68 | $70 | $71 | $73 | $75 | $33 |
| ▁▁▂▃▅▇▇█ | Gross Loans ($M) | $269 | $267 | $280 | $286 | $307 | $317 | $321 | $332 |
| ▁▂▁▃▂▄▆█ | Total Deposits ($M) | $405 | $413 | $409 | $415 | $415 | $423 | $434 | $444 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 16% |