Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.14 | 0.87% |
| Return on Equity (%) | ▲ | 6.89% | +0.99 | 5.90% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.13 | 3.13% |
| Efficiency Ratio (%) | ▲ | 57.73% | -3.06 | 60.79% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▲ | 2.05% | -0.39 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $191 | +12.64 | $179 |
| Gross Loans ($M) | ▼ | $105 | -10.95 | $116 |
| Loan Growth YoY (%) | ▼ | 62.13% | -12.49 | 74.62% |
| Total Deposits ($M) | ▲ | $162 | +12.44 | $150 |
| Shareholders Equity ($M) | ▲ | $27 | +0.69 | $27 |
| Tang. Book Value ($M) | ▲ | $27 | +0.69 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +0.82 | $28 |
| Loan / Deposit Ratio (%) | ▼ | 62.13% | -12.49 | 74.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.22 | 0.34% |
| Allowance / Loans (%) | — | 3.75% | 0.35% | 3.40% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.31 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▄▂▁▄▂█ | Net Interest Margin (%) | 3.16% | 3.16% | 3.17% | 3.13% | 3.09% | 3.16% | 3.12% | 3.25% |
| ▄▅▂▅▄▃▁█ | Return on Assets (%) | 0.83% | 0.86% | 0.72% | 0.87% | 0.81% | 0.77% | 0.66% | 1.01% |
| ▅▄█▃▅▆█▁ | Efficiency Ratio (%) | 64.0% | 62.1% | 67.6% | 60.8% | 63.2% | 64.6% | 68.4% | 57.7% |
| █▇█▆▆▅▅▁ | Cost of Funds (%) | 2.63% | 2.52% | 2.56% | 2.44% | 2.42% | 2.38% | 2.35% | 2.05% |
| ▁▂▂▄█▁▁▁ | NPA / Assets (%) | 0.07% | 0.21% | 0.15% | 0.34% | 0.73% | 0.07% | 0.06% | 0.12% |
| ▁▂▂▄█▁▁▁ | Net Charge-Off Ratio (%) | 0.12% | 0.35% | 0.24% | 0.53% | 1.17% | 0.12% | 0.10% | 0.22% |
| ▁▃▃▅▅▇▇█ | Tang. Book Value ($M) | $26 | $26 | $26 | $27 | $27 | $27 | $27 | $27 |
| ▇████▇▇▁ | Gross Loans ($M) | $113 | $114 | $114 | $116 | $114 | $113 | $114 | $105 |
| ▄▇▂▁▄▅▂█ | Total Deposits ($M) | $155 | $160 | $153 | $150 | $154 | $156 | $152 | $162 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 28% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 36% |