Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.84 | 0.39% |
| Return on Equity (%) | ▲ | 10.97% | +7.28 | 3.69% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.89 | 2.97% |
| Efficiency Ratio (%) | ▲ | 74.66% | -15.11 | 89.77% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.28 | $0 |
| Cost of Funds (%) | ▲ | 2.13% | -0.36 | 2.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $157 | +0.49 | $156 |
| Gross Loans ($M) | ▼ | $108 | -6.34 | $114 |
| Loan Growth YoY (%) | ▼ | 80.39% | -7.32 | 87.71% |
| Total Deposits ($M) | ▲ | $132 | +4.10 | $128 |
| Shareholders Equity ($M) | ▲ | $18 | +1.12 | $17 |
| Tang. Book Value ($M) | ▲ | $18 | +1.12 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +1.23 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 80.39% | -7.32 | 87.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.60% | +0.17 | 0.44% |
| Allowance / Loans (%) | — | 1.39% | -0.14% | 1.52% |
| Net Charge-Off Ratio (%) | ▼ | 0.88% | +0.28 | 0.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.58% | +2.28 | 18.30% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▄▄█ | Net Interest Margin (%) | 2.92% | 2.87% | 2.89% | 2.97% | 3.11% | 3.25% | 3.31% | 3.86% |
| ▁▁▁▂▂▄▄█ | Return on Assets (%) | 0.18% | 0.14% | 0.20% | 0.39% | 0.41% | 0.58% | 0.63% | 1.22% |
| ███▆▅▄▄▁ | Efficiency Ratio (%) | 94.1% | 95.4% | 94.5% | 89.8% | 87.5% | 84.6% | 83.8% | 74.7% |
| ▆▇█▆▅▄▄▁ | Cost of Funds (%) | 2.49% | 2.58% | 2.66% | 2.49% | 2.40% | 2.37% | 2.34% | 2.13% |
| ▁▅▅▃█▂▃▅ | NPA / Assets (%) | 0.18% | 0.62% | 0.71% | 0.44% | 1.02% | 0.29% | 0.46% | 0.60% |
| ▁▅▅▃█▁▃▅ | Net Charge-Off Ratio (%) | 0.24% | 0.85% | 0.95% | 0.60% | 1.39% | 0.30% | 0.67% | 0.88% |
| ▁▁▁▂▃▅▆█ | Tang. Book Value ($M) | $16 | $16 | $16 | $17 | $17 | $17 | $17 | $18 |
| █▇▆▅▅▂▁▁ | Gross Loans ($M) | $120 | $118 | $117 | $114 | $114 | $110 | $108 | $108 |
| █▇▂▁▂█▇▇ | Total Deposits ($M) | $133 | $133 | $130 | $128 | $129 | $134 | $133 | $132 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 12% |