Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.13% | +0.06 | 0.06% |
| Return on Equity (%) | ▲ | 1.00% | +0.54 | 0.46% |
| Net Interest Margin (%) | ▲ | 3.12% | +0.31 | 2.81% |
| Efficiency Ratio (%) | ▲ | 95.86% | -3.49 | 99.35% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.13 | $0 |
| Cost of Funds (%) | ▼ | 1.77% | +0.11 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $445 | +40.44 | $404 |
| Gross Loans ($M) | ▲ | $333 | +55.43 | $278 |
| Loan Growth YoY (%) | ▲ | 102.32% | +10.43 | 91.90% |
| Total Deposits ($M) | ▲ | $323 | +23.84 | $299 |
| Shareholders Equity ($M) | ▲ | $55 | +0.77 | $54 |
| Tang. Book Value ($M) | ▲ | $55 | +0.77 | $54 |
| TBV excl. AOCI ($M)** | ▼ | $59 | -0.08 | $59 |
| Loan / Deposit Ratio (%) | ▲ | 102.32% | +10.43 | 91.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.03 | 0.29% |
| Allowance / Loans (%) | — | 0.70% | -0.20% | 0.91% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.08 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.09% | -1.66 | 20.75% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▁▂▃▃▅█ | Net Interest Margin (%) | 2.83% | 2.73% | 2.73% | 2.81% | 2.83% | 2.87% | 2.95% | 3.12% |
| ▇▇▇▇█▆▁█ | Return on Assets (%) | 0.06% | 0.05% | 0.05% | 0.06% | 0.09% | -0.01% | -0.31% | 0.13% |
| ▁▂▂▄▆██▁ | Efficiency Ratio (%) | 94.7% | 96.4% | 97.0% | 99.4% | 101.7% | 104.4% | 104.5% | 95.9% |
| ▁▅█▅▅█▇█ | Cost of Funds (%) | 1.44% | 1.65% | 1.81% | 1.66% | 1.63% | 1.76% | 1.72% | 1.77% |
| ███▂▅▆▁▁ | NPA / Assets (%) | 0.39% | 0.39% | 0.39% | 0.29% | 0.33% | 0.36% | 0.26% | 0.26% |
| ███▃▅▅▁▁ | Net Charge-Off Ratio (%) | 0.55% | 0.58% | 0.56% | 0.42% | 0.48% | 0.49% | 0.35% | 0.34% |
| ▁█▂▅▇██▇ | Tang. Book Value ($M) | $53 | $55 | $53 | $54 | $55 | $56 | $55 | $55 |
| ▁▁▁▂▃▅▇█ | Gross Loans ($M) | $269 | $270 | $273 | $278 | $289 | $303 | $322 | $333 |
| ▁▃▄▃▆▅▇█ | Total Deposits ($M) | $287 | $297 | $300 | $299 | $314 | $309 | $314 | $323 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 18% |