Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.44 | 1.51% |
| Return on Equity (%) | ▲ | 14.20% | +1.95 | 12.25% |
| Net Interest Margin (%) | ▲ | 5.54% | +0.45 | 5.08% |
| Efficiency Ratio (%) | ▼ | 64.09% | +2.23 | 61.86% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▼ | 0.83% | +0.28 | 0.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $144 | +6.41 | $137 |
| Gross Loans ($M) | ▲ | $77 | +0.91 | $76 |
| Loan Growth YoY (%) | ▼ | 62.67% | -1.89 | 64.57% |
| Total Deposits ($M) | ▲ | $121 | +4.36 | $116 |
| Shareholders Equity ($M) | ▲ | $20 | +2.84 | $18 |
| Tang. Book Value ($M) | ▲ | $20 | +2.84 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +2.93 | $20 |
| Loan / Deposit Ratio (%) | ▼ | 62.67% | -1.89 | 64.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.05 | 0.10% |
| Allowance / Loans (%) | — | 1.98% | 0.48% | 1.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.08 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇▇█ | Net Interest Margin (%) | 4.64% | 4.63% | 4.69% | 5.08% | 5.29% | 5.36% | 5.37% | 5.54% |
| ▁▁▂▂▂▅▇█ | Return on Assets (%) | 1.43% | 1.47% | 1.51% | 1.51% | 1.53% | 1.70% | 1.83% | 1.95% |
| ▆▆▅▆▅▃▁█ | Efficiency Ratio (%) | 62.0% | 61.7% | 60.9% | 61.9% | 60.7% | 58.9% | 56.3% | 64.1% |
| ▁▃▂▁▄▇▇█ | Cost of Funds (%) | 0.57% | 0.63% | 0.62% | 0.55% | 0.66% | 0.77% | 0.77% | 0.83% |
| ▁▄█▄▄▄▂▂ | NPA / Assets (%) | 0.03% | 0.10% | 0.18% | 0.10% | 0.09% | 0.09% | 0.05% | 0.05% |
| ▁▄█▄▄▃▁▂ | Net Charge-Off Ratio (%) | 0.06% | 0.20% | 0.37% | 0.18% | 0.17% | 0.17% | 0.09% | 0.10% |
| ▁▁▁▃▄▅▇█ | Tang. Book Value ($M) | $17 | $17 | $17 | $18 | $18 | $19 | $20 | $20 |
| ▁▁▂▅▆▇█▆ | Gross Loans ($M) | $68 | $67 | $70 | $76 | $78 | $81 | $83 | $77 |
| ▁▁▆▂▅▅█▅ | Total Deposits ($M) | $115 | $116 | $121 | $116 | $120 | $121 | $125 | $121 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 10% |