Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.37% | +0.09 | 0.29% |
| Return on Equity (%) | ▲ | 3.19% | +0.69 | 2.50% |
| Net Interest Margin (%) | ▲ | 3.10% | +0.22 | 2.88% |
| Efficiency Ratio (%) | ▲ | 85.27% | -2.74 | 88.00% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.08 | $0 |
| Cost of Funds (%) | ▲ | 1.41% | -0.07 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $282 | +5.34 | $277 |
| Gross Loans ($M) | ▼ | $243 | -0.86 | $244 |
| Loan Growth YoY (%) | ▼ | 97.20% | -1.99 | 99.20% |
| Total Deposits ($M) | ▲ | $249 | +4.12 | $245 |
| Shareholders Equity ($M) | ▲ | $33 | +1.27 | $32 |
| Tang. Book Value ($M) | ▲ | $33 | +1.27 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 97.20% | -1.99 | 99.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.10 | 0.21% |
| Allowance / Loans (%) | — | 0.48% | 0.01% | 0.47% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -0.11 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▇█ | Net Interest Margin (%) | 2.72% | 2.73% | 2.75% | 2.88% | 2.98% | 3.00% | 3.01% | 3.10% |
| ▁▁▁▅███▇ | Return on Assets (%) | 0.14% | 0.17% | 0.18% | 0.29% | 0.39% | 0.41% | 0.42% | 0.37% |
| ██▇▄▁▁▁▂ | Efficiency Ratio (%) | 93.3% | 92.3% | 91.8% | 88.0% | 84.3% | 83.5% | 83.4% | 85.3% |
| ▆▇█▄▂▃▃▁ | Cost of Funds (%) | 1.53% | 1.55% | 1.58% | 1.48% | 1.44% | 1.46% | 1.47% | 1.41% |
| █▇▄▂▂▂▂▁ | NPA / Assets (%) | 0.53% | 0.47% | 0.28% | 0.21% | 0.19% | 0.21% | 0.19% | 0.12% |
| █▇▃▂▂▁▁▁ | Net Charge-Off Ratio (%) | 0.59% | 0.52% | 0.31% | 0.24% | 0.22% | 0.16% | 0.15% | 0.14% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $31 | $31 | $31 | $32 | $32 | $33 | $33 | $33 |
| █▄▅▄▅▃▁▂ | Gross Loans ($M) | $245 | $244 | $244 | $244 | $244 | $243 | $243 | $243 |
| ▄▁▂▆▆▅▆█ | Total Deposits ($M) | $241 | $236 | $238 | $245 | $244 | $243 | $245 | $249 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 8% |