Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.28% | +0.38 | -0.10% |
| Return on Equity (%) | ▲ | 3.13% | +4.25 | -1.12% |
| Net Interest Margin (%) | ▲ | 3.14% | +0.52 | 2.62% |
| Efficiency Ratio (%) | ▲ | 89.08% | -14.80 | 103.88% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.35 | $-0 |
| Cost of Funds (%) | ▲ | 1.01% | -0.20 | 1.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $310 | +11.19 | $299 |
| Gross Loans ($M) | ▲ | $194 | +17.55 | $176 |
| Loan Growth YoY (%) | ▲ | 68.77% | +3.86 | 64.91% |
| Total Deposits ($M) | ▲ | $281 | +10.44 | $270 |
| Shareholders Equity ($M) | ▲ | $28 | +0.73 | $27 |
| Tang. Book Value ($M) | ▲ | $28 | +0.73 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +0.42 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 68.77% | +3.86 | 64.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.04 | 0.10% |
| Allowance / Loans (%) | — | 0.38% | -0.07% | 0.45% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.07 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.20% | -0.79 | 17.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 2.34% | 2.42% | 2.46% | 2.62% | 2.66% | 2.79% | 2.88% | 3.14% |
| ▂▃▂▁▂▄▅█ | Return on Assets (%) | -0.05% | 0.00% | -0.02% | -0.10% | -0.03% | 0.09% | 0.10% | 0.28% |
| █▇▇█▇▄▄▁ | Efficiency Ratio (%) | 102.8% | 100.2% | 101.1% | 103.9% | 101.1% | 95.8% | 94.7% | 89.1% |
| █▇█▆▁▂▂▁ | Cost of Funds (%) | 1.32% | 1.25% | 1.29% | 1.21% | 1.04% | 1.08% | 1.05% | 1.01% |
| ▁▂▁█▁▄▆▆ | NPA / Assets (%) | 0.00% | 0.02% | 0.00% | 0.10% | 0.00% | 0.04% | 0.07% | 0.06% |
| ▁▂▁█▁▄▅▅ | Net Charge-Off Ratio (%) | 0.00% | 0.03% | 0.00% | 0.17% | 0.00% | 0.07% | 0.10% | 0.10% |
| ▁▂▁▂▂▅▆█ | Tang. Book Value ($M) | $27 | $27 | $27 | $27 | $27 | $28 | $28 | $28 |
| ▁▁▁▁▃▄█▇ | Gross Loans ($M) | $173 | $174 | $175 | $176 | $181 | $185 | $198 | $194 |
| ▁▁▁▄██▅▆ | Total Deposits ($M) | $260 | $260 | $257 | $270 | $288 | $289 | $276 | $281 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 7% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 14% |