Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.28 | 0.35% |
| Return on Equity (%) | ▲ | 5.37% | +2.44 | 2.93% |
| Net Interest Margin (%) | ▲ | 2.30% | +0.37 | 1.93% |
| Efficiency Ratio (%) | ▲ | 64.91% | -12.84 | 77.75% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.94 | $1 |
| Cost of Funds (%) | ▲ | 2.38% | -0.24 | 2.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $932 | +58.18 | $874 |
| Gross Loans ($M) | ▲ | $684 | +42.84 | $642 |
| Loan Growth YoY (%) | ▼ | 89.76% | -0.75 | 90.51% |
| Total Deposits ($M) | ▲ | $760 | +53.13 | $707 |
| Shareholders Equity ($M) | ▲ | $109 | +4.81 | $104 |
| Tang. Book Value ($M) | ▲ | $109 | +4.81 | $104 |
| TBV excl. AOCI ($M)** | ▲ | $114 | +3.78 | $110 |
| Loan / Deposit Ratio (%) | ▼ | 89.76% | -0.75 | 90.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.00 | 0.36% |
| Allowance / Loans (%) | — | 0.35% | 0.04% | 0.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.48% | -0.01 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 1.66% | 1.68% | 1.71% | 1.93% | 1.99% | 2.03% | 2.06% | 2.30% |
| ▁▁▁▄▅▆▆█ | Return on Assets (%) | 0.10% | 0.12% | 0.16% | 0.35% | 0.43% | 0.44% | 0.47% | 0.63% |
| ██▇▄▃▃▂▁ | Efficiency Ratio (%) | 93.6% | 91.7% | 89.2% | 77.7% | 72.6% | 72.2% | 71.6% | 64.9% |
| ▃█▇▅▅▆▄▁ | Cost of Funds (%) | 2.51% | 2.77% | 2.72% | 2.61% | 2.60% | 2.63% | 2.54% | 2.38% |
| ▁▂▂▁▆█▄▁ | NPA / Assets (%) | 0.36% | 0.42% | 0.40% | 0.36% | 0.53% | 0.61% | 0.45% | 0.36% |
| ▁▂▂▁▆█▄▁ | Net Charge-Off Ratio (%) | 0.47% | 0.56% | 0.53% | 0.49% | 0.72% | 0.81% | 0.60% | 0.48% |
| ▁▁▂▃▄▅▇█ | Tang. Book Value ($M) | $102 | $102 | $103 | $104 | $105 | $106 | $107 | $109 |
| ▁▁▂▃▄▆██ | Gross Loans ($M) | $625 | $630 | $638 | $642 | $651 | $669 | $680 | $684 |
| ▁▁▂▄▄▅▇█ | Total Deposits ($M) | $667 | $676 | $686 | $707 | $713 | $721 | $737 | $760 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 27% |