Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.18% | +0.48 | -0.30% |
| Return on Equity (%) | ▲ | 1.88% | +5.41 | -3.53% |
| Net Interest Margin (%) | ▲ | 2.62% | +0.42 | 2.21% |
| Efficiency Ratio (%) | ▲ | 87.45% | -10.63 | 98.08% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.47 | $0 |
| Cost of Funds (%) | ▲ | 1.99% | -0.31 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $638 | +17.07 | $621 |
| Gross Loans ($M) | ▲ | $477 | +7.85 | $470 |
| Loan Growth YoY (%) | ▲ | 92.36% | +1.43 | 90.93% |
| Total Deposits ($M) | ▲ | $513 | +0.41 | $512 |
| Shareholders Equity ($M) | ▲ | $60 | +7.78 | $53 |
| Tang. Book Value ($M) | ▲ | $60 | +7.78 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +7.97 | $58 |
| Loan / Deposit Ratio (%) | ▲ | 92.36% | +1.43 | 90.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.07 | 0.05% |
| Allowance / Loans (%) | — | 0.80% | 0.02% | 0.78% |
| Net Charge-Off Ratio (%) | ▼ | 0.16% | +0.10 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.67% | +0.60 | 13.08% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 2.13% | 2.11% | 2.12% | 2.21% | 2.31% | 2.37% | 2.44% | 2.62% |
| ▇█▆▁▆██▄ | Return on Assets (%) | 0.70% | 0.81% | 0.50% | -0.30% | 0.58% | 0.86% | 0.91% | 0.18% |
| █▇▇▇▅▃▁▁ | Efficiency Ratio (%) | 99.9% | 98.2% | 97.8% | 98.1% | 94.5% | 91.2% | 88.7% | 87.4% |
| ▇██▆▅▄▂▁ | Cost of Funds (%) | 2.31% | 2.41% | 2.39% | 2.30% | 2.21% | 2.19% | 2.09% | 1.99% |
| ▂▄▃▃▁▃██ | NPA / Assets (%) | 0.04% | 0.06% | 0.05% | 0.05% | 0.02% | 0.05% | 0.12% | 0.12% |
| ▂▄▃▃▁▃██ | Net Charge-Off Ratio (%) | 0.06% | 0.08% | 0.06% | 0.06% | 0.02% | 0.07% | 0.16% | 0.16% |
| ▁▄▁▂▄▇██ | Tang. Book Value ($M) | $50 | $55 | $52 | $52 | $55 | $58 | $60 | $60 |
| ▁▂▅▆▅█▇█ | Gross Loans ($M) | $448 | $455 | $464 | $470 | $467 | $478 | $474 | $477 |
| ▁▁▃▅▅▇█▅ | Total Deposits ($M) | $501 | $501 | $508 | $512 | $513 | $516 | $520 | $513 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 27% |