Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.12% | -0.10 | 0.22% |
| Return on Equity (%) | ▼ | 2.18% | -2.12 | 4.30% |
| Net Interest Margin (%) | ▲ | 3.43% | +0.35 | 3.08% |
| Efficiency Ratio (%) | ▲ | 95.27% | -20.58 | 115.85% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.60 | $-0 |
| Cost of Funds (%) | ▼ | 1.36% | +0.17 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $380 | +22.50 | $358 |
| Gross Loans ($M) | ▲ | $243 | +35.18 | $207 |
| Loan Growth YoY (%) | ▲ | 67.06% | +2.54 | 64.52% |
| Total Deposits ($M) | ▲ | $358 | +40.28 | $317 |
| Shareholders Equity ($M) | ▲ | $21 | +1.80 | $19 |
| Tang. Book Value ($M) | ▲ | $21 | +1.48 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +1.30 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 67.06% | +2.54 | 64.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.14 | 0.32% |
| Allowance / Loans (%) | — | 1.15% | -0.15% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.27 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.16% | -2.25 | 15.42% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▅▁▃▅▆█ | Net Interest Margin (%) | 3.23% | 3.25% | 3.27% | 3.08% | 3.20% | 3.29% | 3.30% | 3.43% |
| ▁▃▃█▃▅▃▆ | Return on Assets (%) | -0.05% | 0.04% | 0.03% | 0.22% | 0.03% | 0.09% | 0.05% | 0.12% |
| ▁▁▁█▇▅▄▁ | Efficiency Ratio (%) | 94.6% | 93.7% | 95.0% | 115.8% | 111.3% | 104.9% | 103.0% | 95.3% |
| ▃▃▇▁▆▄▅█ | Cost of Funds (%) | 1.25% | 1.24% | 1.33% | 1.19% | 1.30% | 1.26% | 1.28% | 1.36% |
| ▁▁▁█▇██▃ | NPA / Assets (%) | 0.09% | 0.08% | 0.10% | 0.32% | 0.30% | 0.34% | 0.35% | 0.17% |
| ▁▁▁█▇██▃ | Net Charge-Off Ratio (%) | 0.16% | 0.14% | 0.18% | 0.55% | 0.50% | 0.56% | 0.54% | 0.27% |
| ▁█▁▄▄▇█▇ | Tang. Book Value ($M) | $17 | $21 | $18 | $19 | $19 | $20 | $21 | $21 |
| ▁▂▁▂▃▃▆█ | Gross Loans ($M) | $202 | $207 | $205 | $207 | $213 | $215 | $231 | $243 |
| ▁▂▁▂▂▄▅█ | Total Deposits ($M) | $306 | $314 | $309 | $317 | $317 | $329 | $332 | $358 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 17% |
| Consumer | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 6% |