Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.90% | -0.19 | 2.09% |
| Return on Equity (%) | ▼ | 19.51% | -1.81 | 21.32% |
| Net Interest Margin (%) | ▲ | 4.74% | +0.06 | 4.68% |
| Efficiency Ratio (%) | ▼ | 57.70% | +4.11 | 53.59% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.06 | $1 |
| Cost of Funds (%) | ▼ | 1.02% | +0.00 | 1.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $134 | +5.12 | $129 |
| Gross Loans ($M) | ▲ | $106 | +4.27 | $102 |
| Loan Growth YoY (%) | ▲ | 99.28% | +4.18 | 95.11% |
| Total Deposits ($M) | ▼ | $105 | -0.24 | $105 |
| Shareholders Equity ($M) | ▲ | $13 | +0.23 | $13 |
| Tang. Book Value ($M) | ▲ | $13 | +0.23 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $14 | +0.32 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 99.28% | +4.18 | 95.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.07 | 0.04% |
| Allowance / Loans (%) | — | 1.54% | 0.04% | 1.50% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.09 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.21% | -0.09 | 14.29% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄██▁▂▃▃▅ | Net Interest Margin (%) | 4.74% | 4.79% | 4.80% | 4.68% | 4.71% | 4.71% | 4.72% | 4.74% |
| ▇▃▃█▇▅▅▁ | Return on Assets (%) | 2.06% | 1.95% | 1.95% | 2.09% | 2.07% | 2.02% | 2.01% | 1.90% |
| ▃██▁▁▂▃█ | Efficiency Ratio (%) | 55.2% | 58.0% | 58.2% | 53.6% | 53.4% | 54.5% | 54.6% | 57.7% |
| ▁▇▄▄▆▇█▄ | Cost of Funds (%) | 0.85% | 1.16% | 1.01% | 1.01% | 1.13% | 1.18% | 1.26% | 1.02% |
| ██▃▁▁▁▁▄ | NPA / Assets (%) | 0.19% | 0.21% | 0.08% | 0.04% | 0.03% | 0.05% | 0.05% | 0.10% |
| ██▃▁▁▁▁▄ | Net Charge-Off Ratio (%) | 0.28% | 0.27% | 0.11% | 0.05% | 0.04% | 0.06% | 0.06% | 0.13% |
| ▁▂▁▄▇██▇ | Tang. Book Value ($M) | $13 | $13 | $13 | $13 | $13 | $13 | $13 | $13 |
| ▁▁▄▄▇█▇▇ | Gross Loans ($M) | $96 | $97 | $101 | $102 | $106 | $108 | $106 | $106 |
| █▁▂▃▂▁▅▃ | Total Deposits ($M) | $118 | $101 | $104 | $105 | $104 | $102 | $110 | $105 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 8% |