Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.05 | 1.02% |
| Return on Equity (%) | ▼ | 13.64% | -1.04 | 14.68% |
| Net Interest Margin (%) | ▼ | 3.48% | -0.11 | 3.59% |
| Efficiency Ratio (%) | ▲ | 65.19% | -2.49 | 67.68% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▲ | 1.35% | -0.05 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $264 | +37.92 | $226 |
| Gross Loans ($M) | ▲ | $125 | +3.18 | $122 |
| Loan Growth YoY (%) | ▼ | 56.78% | -8.33 | 65.11% |
| Total Deposits ($M) | ▲ | $219 | +32.73 | $186 |
| Shareholders Equity ($M) | ▲ | $20 | +3.57 | $17 |
| Tang. Book Value ($M) | ▲ | $20 | +3.57 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +3.44 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 56.78% | -8.33 | 65.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.15 | 0.20% |
| Allowance / Loans (%) | — | 1.04% | 0.05% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.11 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.34% | +0.33 | 20.01% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▄▅▅▆▁ | Net Interest Margin (%) | 3.67% | 3.72% | 3.71% | 3.59% | 3.63% | 3.62% | 3.65% | 3.48% |
| ▆▅▁▁▄▆█▄ | Return on Assets (%) | 1.10% | 1.09% | 1.00% | 1.02% | 1.08% | 1.12% | 1.16% | 1.06% |
| ▅▇██▅▂▁▃ | Efficiency Ratio (%) | 66.4% | 67.5% | 68.1% | 67.7% | 66.2% | 64.8% | 64.1% | 65.2% |
| ▁▁▇███▇█ | Cost of Funds (%) | 0.99% | 0.95% | 1.33% | 1.40% | 1.35% | 1.39% | 1.34% | 1.35% |
| █▅▅▅▂▂▁▁ | NPA / Assets (%) | 0.34% | 0.22% | 0.20% | 0.20% | 0.11% | 0.10% | 0.06% | 0.05% |
| █▄▂▂▂▁▁▁ | Net Charge-Off Ratio (%) | 0.81% | 0.46% | 0.24% | 0.23% | 0.21% | 0.20% | 0.11% | 0.11% |
| ▁▄▁▃▃▆██ | Tang. Book Value ($M) | $15 | $18 | $15 | $17 | $17 | $19 | $21 | $20 |
| ▁▃▆▇████ | Gross Loans ($M) | $89 | $101 | $117 | $122 | $125 | $126 | $128 | $125 |
| ▃▂▁▁▂███ | Total Deposits ($M) | $196 | $192 | $187 | $186 | $191 | $217 | $215 | $219 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 13% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 13% |