Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.25 | 0.76% |
| Return on Equity (%) | ▲ | 15.47% | +0.90 | 14.57% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.46 | 3.77% |
| Efficiency Ratio (%) | ▲ | 73.60% | -7.34 | 80.94% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.14 | $0 |
| Cost of Funds (%) | ▲ | 1.22% | -0.13 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $144 | -0.25 | $145 |
| Gross Loans ($M) | ▼ | $83 | -0.81 | $84 |
| Loan Growth YoY (%) | ▲ | 64.28% | +1.02 | 63.25% |
| Total Deposits ($M) | ▼ | $128 | -3.34 | $132 |
| Shareholders Equity ($M) | ▲ | $9 | +1.53 | $8 |
| Tang. Book Value ($M) | ▲ | $9 | +1.53 | $8 |
| TBV excl. AOCI ($M)** | ▲ | $12 | +1.56 | $10 |
| Loan / Deposit Ratio (%) | ▲ | 64.28% | +1.02 | 63.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.05 | 0.14% |
| Allowance / Loans (%) | — | 0.95% | -0.01% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.33% | +0.09 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.62% | +0.88 | 11.74% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▆█ | Net Interest Margin (%) | 3.28% | 3.29% | 3.39% | 3.77% | 3.81% | 3.91% | 3.97% | 4.23% |
| ▁▁▃▅▇▇██ | Return on Assets (%) | 0.47% | 0.52% | 0.68% | 0.76% | 0.95% | 0.95% | 1.04% | 1.02% |
| ██▅▅▃▂▁▁ | Efficiency Ratio (%) | 86.6% | 85.7% | 81.6% | 80.9% | 77.4% | 76.7% | 74.5% | 73.6% |
| ██▅▃▂▁▁▁ | Cost of Funds (%) | 1.73% | 1.68% | 1.48% | 1.35% | 1.34% | 1.24% | 1.26% | 1.22% |
| ▁█▇▂▃▇█▇ | NPA / Assets (%) | 0.13% | 0.21% | 0.20% | 0.14% | 0.15% | 0.20% | 0.20% | 0.19% |
| ▁█▇▁▃▇▇▆ | Net Charge-Off Ratio (%) | 0.24% | 0.37% | 0.34% | 0.25% | 0.28% | 0.35% | 0.35% | 0.33% |
| ▁▅▃▄▅▇██ | Tang. Book Value ($M) | $6 | $8 | $7 | $8 | $8 | $9 | $10 | $9 |
| ▁▇██▃▃▇▇ | Gross Loans ($M) | $79 | $83 | $84 | $84 | $80 | $81 | $83 | $83 |
| ▂██▅▆▂▁▁ | Total Deposits ($M) | $130 | $135 | $134 | $132 | $132 | $129 | $128 | $128 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 7% |
| Consumer | 6% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 5% |