Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.29 | 0.85% |
| Return on Equity (%) | ▲ | 11.25% | +1.70 | 9.55% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.19 | 3.81% |
| Efficiency Ratio (%) | ▲ | 67.51% | -7.03 | 74.55% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $1 |
| Cost of Funds (%) | ▲ | 0.57% | -0.03 | 0.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $206 | +6.37 | $200 |
| Gross Loans ($M) | ▼ | $72 | -1.57 | $74 |
| Loan Growth YoY (%) | ▼ | 38.53% | -1.54 | 40.07% |
| Total Deposits ($M) | ▲ | $184 | +3.14 | $181 |
| Shareholders Equity ($M) | ▲ | $22 | +3.16 | $18 |
| Tang. Book Value ($M) | ▲ | $22 | +3.16 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +3.77 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 38.53% | -1.54 | 40.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.00 | 0.01% |
| Allowance / Loans (%) | — | 1.46% | 0.04% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.01 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇▇█ | Net Interest Margin (%) | 3.37% | 3.43% | 3.50% | 3.81% | 3.82% | 3.85% | 3.88% | 4.00% |
| ▁▂▂▅▆▆▆█ | Return on Assets (%) | 0.45% | 0.55% | 0.58% | 0.85% | 0.91% | 0.91% | 0.92% | 1.14% |
| █▇▇▄▄▃▃▁ | Efficiency Ratio (%) | 84.2% | 81.8% | 81.5% | 74.5% | 74.1% | 73.4% | 71.9% | 67.5% |
| ██▅▂▂▂▁▁ | Cost of Funds (%) | 0.87% | 0.90% | 0.73% | 0.60% | 0.63% | 0.62% | 0.55% | 0.57% |
| ▇█▃▁▂▂▃▁ | NPA / Assets (%) | 0.04% | 0.04% | 0.02% | 0.01% | 0.01% | 0.01% | 0.02% | 0.01% |
| ▇█▃▁▂▂▃▂ | Net Charge-Off Ratio (%) | 0.10% | 0.12% | 0.05% | 0.02% | 0.03% | 0.04% | 0.05% | 0.03% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $16 | $19 | $17 | $18 | $19 | $21 | $22 | $22 |
| ▆█▇▆▃▅▁▄ | Gross Loans ($M) | $74 | $75 | $74 | $74 | $72 | $73 | $70 | $72 |
| ▁▁▃▃▄▄█▄ | Total Deposits ($M) | $174 | $174 | $181 | $181 | $184 | $184 | $197 | $184 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 19% |
| Consumer | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 47% |
| Interest-Bearing (core) | 53% |