Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.95% | -0.13 | 1.08% |
| Return on Equity (%) | ▼ | 7.47% | -2.60 | 10.07% |
| Net Interest Margin (%) | ▲ | 5.76% | +0.66 | 5.10% |
| Efficiency Ratio (%) | ▲ | 71.24% | -1.81 | 73.05% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.07 | $0 |
| Cost of Funds (%) | ▲ | 0.40% | -0.08 | 0.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $131 | -6.08 | $137 |
| Gross Loans ($M) | ▲ | $98 | +7.98 | $90 |
| Loan Growth YoY (%) | ▲ | 85.11% | +12.11 | 73.00% |
| Total Deposits ($M) | ▼ | $114 | -8.07 | $122 |
| Shareholders Equity ($M) | ▲ | $17 | +2.05 | $15 |
| Tang. Book Value ($M) | ▲ | $17 | +2.05 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +1.85 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 85.11% | +12.11 | 73.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.01 | 0.21% |
| Allowance / Loans (%) | — | 1.14% | 0.01% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.03 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▃▁▁▂▃█ | Net Interest Margin (%) | 5.32% | 5.35% | 5.31% | 5.10% | 5.14% | 5.22% | 5.27% | 5.76% |
| █▆▅▅▇█▇▁ | Return on Assets (%) | 1.14% | 1.11% | 1.08% | 1.08% | 1.12% | 1.17% | 1.12% | 0.95% |
| █▄██▅▂▃▁ | Efficiency Ratio (%) | 73.0% | 72.1% | 73.2% | 73.1% | 72.4% | 71.6% | 71.9% | 71.2% |
| ▁▅▅▆▇█▆▄ | Cost of Funds (%) | 0.26% | 0.46% | 0.43% | 0.48% | 0.54% | 0.58% | 0.50% | 0.40% |
| ▂▁▁▃▂▄█▃ | NPA / Assets (%) | 0.14% | 0.00% | 0.00% | 0.21% | 0.09% | 0.26% | 0.64% | 0.22% |
| ▂▁▁▃▂▄█▃ | Net Charge-Off Ratio (%) | 0.21% | 0.00% | 0.00% | 0.32% | 0.14% | 0.39% | 0.90% | 0.29% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $13 | $14 | $14 | $15 | $16 | $16 | $17 | $17 |
| ▁▃▁▃▄▄██ | Gross Loans ($M) | $86 | $90 | $87 | $90 | $91 | $91 | $97 | $98 |
| ▄▅██▄▅▄▁ | Total Deposits ($M) | $118 | $119 | $123 | $122 | $117 | $119 | $118 | $114 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 59% |
| Interest-Bearing (core) | 37% |
| Brokered / Other | 4% |