Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.30% | +0.29 | 0.02% |
| Return on Equity (%) | ▲ | 2.12% | +2.01 | 0.11% |
| Net Interest Margin (%) | ▲ | 3.06% | +0.32 | 2.74% |
| Efficiency Ratio (%) | ▲ | 90.48% | -2.40 | 92.88% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.06 | $0 |
| Cost of Funds (%) | ▲ | 0.98% | -0.11 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $283 | -3.65 | $287 |
| Gross Loans ($M) | ▲ | $121 | +2.70 | $118 |
| Loan Growth YoY (%) | ▲ | 51.22% | +2.85 | 48.37% |
| Total Deposits ($M) | ▼ | $235 | -7.30 | $242 |
| Shareholders Equity ($M) | ▲ | $41 | +0.34 | $40 |
| Tang. Book Value ($M) | ▲ | $40 | +0.37 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +0.42 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 51.22% | +2.85 | 48.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.40% | -0.86 | 1.26% |
| Allowance / Loans (%) | — | 0.47% | -0.41% | 0.88% |
| Net Charge-Off Ratio (%) | ▲ | 0.93% | -2.12 | 3.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 32.64% | +0.56 | 32.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▅▅▆█ | Net Interest Margin (%) | 2.64% | 2.65% | 2.66% | 2.74% | 2.85% | 2.89% | 2.93% | 3.06% |
| ▆▆▆▄▁▄▅█ | Return on Assets (%) | 0.12% | 0.12% | 0.13% | 0.02% | -0.26% | -0.03% | 0.06% | 0.30% |
| █▅▅▆▁▂▂▄ | Efficiency Ratio (%) | 95.9% | 91.7% | 91.5% | 92.9% | 85.6% | 87.1% | 87.1% | 90.5% |
| ▅▆█▅▆▅▃▁ | Cost of Funds (%) | 1.08% | 1.11% | 1.17% | 1.09% | 1.10% | 1.10% | 1.05% | 0.98% |
| ▁▁▁█▃▃▃▃ | NPA / Assets (%) | 0.02% | 0.07% | 0.00% | 1.26% | 0.43% | 0.43% | 0.45% | 0.40% |
| ▁▁▁█▃▃▃▃ | Net Charge-Off Ratio (%) | 0.04% | 0.17% | 0.00% | 3.05% | 1.02% | 1.02% | 1.03% | 0.93% |
| ▁▃▄▅▁▄▆█ | Tang. Book Value ($M) | $39 | $39 | $39 | $39 | $39 | $39 | $40 | $40 |
| ▃▁▅▆▆▇██ | Gross Loans ($M) | $116 | $113 | $118 | $118 | $119 | $119 | $121 | $121 |
| ▁▁▇█▇▅▄▅ | Total Deposits ($M) | $228 | $227 | $239 | $242 | $239 | $235 | $234 | $235 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 5% |