Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.50% | +1.37 | 1.13% |
| Return on Equity (%) | ▲ | 5.35% | +2.95 | 2.40% |
| Net Interest Margin (%) | ▼ | 2.34% | -0.12 | 2.46% |
| Efficiency Ratio (%) | ▼ | 51.19% | +0.08 | 51.11% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▼ | 0.41% | +0.10 | 0.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $508 | +76.41 | $431 |
| Gross Loans ($M) | ▲ | $67 | +1.16 | $65 |
| Loan Growth YoY (%) | ▼ | 28.90% | -5.87 | 34.77% |
| Total Deposits ($M) | ▲ | $226 | +41.26 | $184 |
| Shareholders Equity ($M) | ▲ | $231 | +27.06 | $204 |
| Tang. Book Value ($M) | ▲ | $231 | +27.06 | $204 |
| TBV excl. AOCI ($M)** | ▲ | $248 | +28.81 | $219 |
| Loan / Deposit Ratio (%) | ▼ | 28.90% | -5.87 | 34.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.02 | 0.05% |
| Allowance / Loans (%) | — | 1.89% | 0.05% | 1.84% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.12 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 32.53% | -0.14 | 32.67% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▃▄▃▃▁ | Net Interest Margin (%) | 2.74% | 2.64% | 2.62% | 2.46% | 2.51% | 2.48% | 2.48% | 2.34% |
| ▇█▅▁▅▆▅▂ | Return on Assets (%) | 7.51% | 8.66% | 5.67% | 1.13% | 5.33% | 6.01% | 5.51% | 2.50% |
| ▆██▁▁▂█▁ | Efficiency Ratio (%) | 53.0% | 54.0% | 53.9% | 51.1% | 51.0% | 51.6% | 53.8% | 51.2% |
| ▁▁▂▂▂▃▃█ | Cost of Funds (%) | 0.30% | 0.31% | 0.32% | 0.31% | 0.32% | 0.33% | 0.33% | 0.41% |
| █▅▅▅▄▆▅▁ | NPA / Assets (%) | 0.07% | 0.05% | 0.05% | 0.05% | 0.05% | 0.06% | 0.05% | 0.03% |
| █▅▅▄▄▆▆▁ | Net Charge-Off Ratio (%) | 0.45% | 0.34% | 0.34% | 0.33% | 0.32% | 0.39% | 0.38% | 0.21% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $192 | $205 | $201 | $204 | $215 | $223 | $228 | $231 |
| ▃▁▂▃▇▇█▆ | Gross Loans ($M) | $65 | $64 | $65 | $65 | $67 | $67 | $67 | $67 |
| ▁▁▁▁▂▂▃█ | Total Deposits ($M) | $183 | $180 | $181 | $184 | $188 | $187 | $197 | $226 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 93% |
| Brokered / Other | 2% |