Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.70% | -0.00 | 0.70% |
| Return on Equity (%) | ▼ | 6.93% | -0.02 | 6.95% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.19 | 3.96% |
| Efficiency Ratio (%) | ▼ | 81.41% | +0.93 | 80.48% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.07 | $1 |
| Cost of Funds (%) | ▲ | 1.00% | -0.09 | 1.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $296 | +6.83 | $290 |
| Gross Loans ($M) | ▲ | $218 | +14.33 | $204 |
| Loan Growth YoY (%) | ▲ | 82.32% | +3.79 | 78.53% |
| Total Deposits ($M) | ▲ | $263 | +5.72 | $257 |
| Shareholders Equity ($M) | ▲ | $29 | +0.07 | $29 |
| Tang. Book Value ($M) | ▲ | $29 | +2.00 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +1.53 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 82.32% | +3.79 | 78.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Allowance / Loans (%) | — | 0.96% | -0.12% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.93% | -0.99 | 16.92% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▇██ | Net Interest Margin (%) | 3.68% | 3.78% | 3.82% | 3.96% | 4.01% | 4.07% | 4.12% | 4.14% |
| ▇██▇▁▃▃▇ | Return on Assets (%) | 0.72% | 0.89% | 0.90% | 0.70% | -0.33% | -0.01% | 0.10% | 0.70% |
| ▆▁▁▄▆▆█▅ | Efficiency Ratio (%) | 82.3% | 78.6% | 78.2% | 80.5% | 81.7% | 82.1% | 83.8% | 81.4% |
| ▄██▅██▆▁ | Cost of Funds (%) | 1.06% | 1.14% | 1.13% | 1.08% | 1.13% | 1.12% | 1.10% | 1.00% |
| ▄▁▁▁█▄█▂ | NPA / Assets (%) | 0.05% | 0.01% | 0.00% | 0.00% | 0.12% | 0.05% | 0.12% | 0.03% |
| ▄▁▁▁█▄█▂ | Net Charge-Off Ratio (%) | 0.08% | 0.01% | 0.00% | 0.00% | 0.16% | 0.06% | 0.16% | 0.04% |
| ▁▃▄▅▆▇██ | Tang. Book Value ($M) | $25 | $26 | $27 | $27 | $28 | $29 | $29 | $29 |
| ▁▁▂▁▄▄▇█ | Gross Loans ($M) | $202 | $204 | $206 | $204 | $209 | $210 | $215 | $218 |
| ▄▂▅▅▁▃▃█ | Total Deposits ($M) | $255 | $251 | $256 | $257 | $248 | $253 | $252 | $263 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 4% |