Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.55% | +0.25 | 0.30% |
| Return on Equity (%) | ▲ | 5.78% | +2.32 | 3.46% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.43 | 3.53% |
| Efficiency Ratio (%) | ▲ | 82.19% | -7.40 | 89.59% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.23 | $0 |
| Cost of Funds (%) | ▲ | 2.10% | -0.28 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $256 | -2.76 | $259 |
| Gross Loans ($M) | ▼ | $206 | -4.53 | $210 |
| Loan Growth YoY (%) | ▲ | 101.71% | +0.01 | 101.70% |
| Total Deposits ($M) | ▼ | $201 | -4.07 | $205 |
| Shareholders Equity ($M) | ▲ | $25 | +1.70 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +1.70 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +1.65 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 101.71% | +0.01 | 101.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.10 | 0.41% |
| Allowance / Loans (%) | — | 0.67% | -0.18% | 0.85% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.13 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.79% | +1.45 | 13.33% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▂▁▁▃▅█ | Net Interest Margin (%) | 3.61% | 3.58% | 3.59% | 3.53% | 3.55% | 3.66% | 3.75% | 3.96% |
| ▁▁▂▂▃▆██ | Return on Assets (%) | 0.26% | 0.23% | 0.31% | 0.30% | 0.31% | 0.44% | 0.54% | 0.55% |
| ██▆▆▇▅▃▁ | Efficiency Ratio (%) | 92.1% | 92.5% | 89.9% | 89.6% | 90.9% | 88.0% | 85.1% | 82.2% |
| ▃▆█▅▅▅▃▁ | Cost of Funds (%) | 2.22% | 2.42% | 2.55% | 2.37% | 2.33% | 2.33% | 2.21% | 2.10% |
| ▁▁▁▂▁▂█▃ | NPA / Assets (%) | 0.29% | 0.28% | 0.31% | 0.41% | 0.30% | 0.45% | 1.01% | 0.51% |
| ▁▁▁▂▁▂█▃ | Net Charge-Off Ratio (%) | 0.35% | 0.35% | 0.39% | 0.50% | 0.38% | 0.54% | 1.27% | 0.63% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $21 | $22 | $22 | $23 | $23 | $24 | $25 | $25 |
| ▁▅▄▇▅█▅▅ | Gross Loans ($M) | $195 | $205 | $205 | $210 | $207 | $215 | $207 | $206 |
| ▁█▇███▇▇ | Total Deposits ($M) | $172 | $205 | $202 | $205 | $209 | $205 | $204 | $201 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 12% |