Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.74% | -0.04 | 0.78% |
| Return on Equity (%) | ▼ | 4.09% | -0.27 | 4.36% |
| Net Interest Margin (%) | ▼ | 2.85% | -0.05 | 2.91% |
| Efficiency Ratio (%) | ▼ | 66.79% | +1.28 | 65.51% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.02 | $1 |
| Cost of Funds (%) | ▲ | 1.45% | -0.00 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $460 | +21.90 | $438 |
| Gross Loans ($M) | ▲ | $170 | +2.17 | $168 |
| Loan Growth YoY (%) | ▼ | 49.94% | -2.09 | 52.04% |
| Total Deposits ($M) | ▲ | $337 | +17.74 | $320 |
| Shareholders Equity ($M) | ▲ | $83 | +4.05 | $79 |
| Tang. Book Value ($M) | ▲ | $83 | +4.05 | $79 |
| TBV excl. AOCI ($M)** | ▲ | $89 | +4.27 | $85 |
| Loan / Deposit Ratio (%) | ▼ | 49.94% | -2.09 | 52.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 0.78% | -0.01% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.06 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▃███▁ | Net Interest Margin (%) | 2.84% | 2.87% | 2.94% | 2.91% | 3.04% | 3.04% | 3.05% | 2.85% |
| ▅▆▇▂▇██▁ | Return on Assets (%) | 0.83% | 0.85% | 0.88% | 0.78% | 0.89% | 0.91% | 0.91% | 0.74% |
| ▂▁▁▇▂▁▁█ | Efficiency Ratio (%) | 62.6% | 62.0% | 61.6% | 65.5% | 62.1% | 61.3% | 61.3% | 66.8% |
| ▁▇█▅▃▇█▅ | Cost of Funds (%) | 1.38% | 1.49% | 1.51% | 1.46% | 1.42% | 1.49% | 1.51% | 1.45% |
| ████▁▁▁▁ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
| ████▁▁▁▁ | Net Charge-Off Ratio (%) | 0.06% | 0.06% | 0.06% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $76 | $77 | $78 | $79 | $80 | $81 | $82 | $83 |
| ▁▁▇▇▅▅▆█ | Gross Loans ($M) | $160 | $160 | $168 | $168 | $165 | $166 | $167 | $170 |
| ▃▁▁▁▄▄▄█ | Total Deposits ($M) | $325 | $318 | $319 | $320 | $326 | $327 | $326 | $337 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 17% |