Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.11 | 0.59% |
| Return on Equity (%) | ▲ | 4.56% | +0.41 | 4.15% |
| Net Interest Margin (%) | ▲ | 2.96% | +0.23 | 2.73% |
| Efficiency Ratio (%) | ▲ | 64.32% | -5.20 | 69.52% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.15 | $0 |
| Cost of Funds (%) | ▲ | 1.53% | -0.06 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $211 | +5.61 | $206 |
| Gross Loans ($M) | ▲ | $110 | +9.61 | $100 |
| Loan Growth YoY (%) | ▲ | 62.10% | +4.55 | 57.55% |
| Total Deposits ($M) | ▲ | $176 | +2.65 | $173 |
| Shareholders Equity ($M) | ▲ | $32 | +2.86 | $29 |
| Tang. Book Value ($M) | ▲ | $32 | +2.91 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +2.70 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 62.10% | +4.55 | 57.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.02 | 0.17% |
| Allowance / Loans (%) | — | 0.76% | 0.02% | 0.74% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.07 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 32.63% | +0.43 | 32.20% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▅▆▇█ | Net Interest Margin (%) | 2.67% | 2.66% | 2.66% | 2.73% | 2.82% | 2.87% | 2.89% | 2.96% |
| ▂▂▁▂▆▇█▅ | Return on Assets (%) | 0.59% | 0.57% | 0.50% | 0.59% | 0.75% | 0.80% | 0.89% | 0.70% |
| ▆▅█▄▁▁▁▁ | Efficiency Ratio (%) | 74.1% | 72.8% | 79.2% | 69.5% | 65.3% | 65.3% | 63.3% | 64.3% |
| ▁▄█▆▄██▂ | Cost of Funds (%) | 1.50% | 1.57% | 1.63% | 1.58% | 1.56% | 1.63% | 1.62% | 1.53% |
| ██▆▆▁▁▂▄ | NPA / Assets (%) | 0.20% | 0.21% | 0.18% | 0.17% | 0.11% | 0.11% | 0.12% | 0.15% |
| ██▆▆▁▁▁▃ | Net Charge-Off Ratio (%) | 0.44% | 0.44% | 0.36% | 0.36% | 0.21% | 0.20% | 0.23% | 0.29% |
| ▁▄▁▃▅▇██ | Tang. Book Value ($M) | $28 | $29 | $28 | $29 | $30 | $31 | $32 | $32 |
| ▁▂▃▄▇███ | Gross Loans ($M) | $92 | $96 | $97 | $100 | $106 | $110 | $110 | $110 |
| ▂▁▁▆█▃▆█ | Total Deposits ($M) | $168 | $166 | $167 | $173 | $175 | $169 | $172 | $176 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 9% |