Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.39% | +0.14 | 0.25% |
| Return on Equity (%) | ▲ | 7.15% | +1.30 | 5.85% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.26 | 3.14% |
| Efficiency Ratio (%) | ▲ | 81.84% | -8.31 | 90.16% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.23 | $0 |
| Cost of Funds (%) | ▲ | 1.57% | -0.04 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $277 | -3.22 | $281 |
| Gross Loans ($M) | ▲ | $191 | +11.20 | $179 |
| Loan Growth YoY (%) | ▲ | 77.30% | +7.04 | 70.26% |
| Total Deposits ($M) | ▼ | $244 | -8.65 | $252 |
| Shareholders Equity ($M) | ▲ | $15 | +2.86 | $12 |
| Tang. Book Value ($M) | ▲ | $15 | +2.86 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +2.25 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 77.30% | +7.04 | 70.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.69% | +0.36 | 0.32% |
| Allowance / Loans (%) | — | 1.16% | 0.00% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 1.00% | +0.50 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.94% | +0.35 | 10.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇███ | Net Interest Margin (%) | 2.60% | 2.71% | 2.85% | 3.14% | 3.22% | 3.32% | 3.39% | 3.39% |
| ▁▁▂▂▃▆▇█ | Return on Assets (%) | 0.22% | 0.22% | 0.26% | 0.25% | 0.28% | 0.34% | 0.37% | 0.39% |
| ▄▅▅█▇▅▃▁ | Efficiency Ratio (%) | 85.5% | 87.0% | 86.9% | 90.2% | 88.3% | 86.2% | 84.7% | 81.8% |
| █▇▄▃▂▃▁▂ | Cost of Funds (%) | 1.93% | 1.86% | 1.65% | 1.62% | 1.55% | 1.59% | 1.48% | 1.57% |
| ▁▁▁▂▄▄██ | NPA / Assets (%) | 0.31% | 0.30% | 0.26% | 0.32% | 0.46% | 0.45% | 0.66% | 0.69% |
| ▂▂▁▂▅▄██ | Net Charge-Off Ratio (%) | 0.52% | 0.50% | 0.42% | 0.51% | 0.74% | 0.68% | 0.98% | 1.00% |
| ▁▅▁▄▅▇██ | Tang. Book Value ($M) | $11 | $13 | $11 | $12 | $13 | $14 | $15 | $15 |
| ▁▂▁▅▅▅██ | Gross Loans ($M) | $167 | $171 | $170 | $179 | $180 | $182 | $188 | $191 |
| ██▁▇▆▂▁▁ | Total Deposits ($M) | $254 | $255 | $242 | $252 | $250 | $245 | $243 | $244 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 20% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 12% |