Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.27 | 0.81% |
| Return on Equity (%) | ▲ | 6.94% | +1.49 | 5.45% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.17 | 3.52% |
| Efficiency Ratio (%) | ▲ | 65.43% | -5.84 | 71.27% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $1 |
| Cost of Funds (%) | ▲ | 0.62% | -0.09 | 0.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $247 | +14.99 | $232 |
| Gross Loans ($M) | ▲ | $112 | +13.03 | $99 |
| Loan Growth YoY (%) | ▲ | 53.66% | +3.52 | 50.14% |
| Total Deposits ($M) | ▲ | $208 | +11.39 | $197 |
| Shareholders Equity ($M) | ▲ | $38 | +3.34 | $35 |
| Tang. Book Value ($M) | ▲ | $38 | +3.35 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +3.41 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 53.66% | +3.52 | 50.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.07 | 0.07% |
| Allowance / Loans (%) | — | 0.62% | -0.08% | 0.70% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.16 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 42.57% | +0.62 | 41.94% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▇▁▁▅▆█ | Net Interest Margin (%) | 3.67% | 3.68% | 3.65% | 3.52% | 3.54% | 3.61% | 3.65% | 3.69% |
| ▄▄▃▁▄▄▅█ | Return on Assets (%) | 0.94% | 0.92% | 0.91% | 0.81% | 0.93% | 0.93% | 0.96% | 1.08% |
| ▃▄▅█▇▇▅▁ | Efficiency Ratio (%) | 67.5% | 68.0% | 68.7% | 71.3% | 70.0% | 69.9% | 68.8% | 65.4% |
| ▅█▇▆▇█▄▁ | Cost of Funds (%) | 0.70% | 0.75% | 0.73% | 0.71% | 0.73% | 0.74% | 0.68% | 0.62% |
| ████▇▂▁▁ | NPA / Assets (%) | 0.08% | 0.07% | 0.07% | 0.07% | 0.06% | 0.02% | 0.00% | 0.00% |
| ████▇▂▁▁ | Net Charge-Off Ratio (%) | 0.17% | 0.17% | 0.16% | 0.16% | 0.15% | 0.04% | 0.00% | 0.00% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $33 | $35 | $34 | $35 | $36 | $37 | $38 | $38 |
| ▁▁▁▁▂▄▆█ | Gross Loans ($M) | $98 | $98 | $100 | $99 | $101 | $104 | $108 | $112 |
| ▂▁▃▃▆▅▆█ | Total Deposits ($M) | $194 | $191 | $197 | $197 | $202 | $200 | $203 | $208 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 2% |