Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.61% | +0.44 | 0.17% |
| Return on Equity (%) | ▲ | 4.19% | +2.89 | 1.30% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.84 | 2.24% |
| Efficiency Ratio (%) | ▲ | 63.73% | -25.35 | 89.08% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.27 | $0 |
| Cost of Funds (%) | ▲ | 1.84% | -0.22 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $136 | +30.59 | $106 |
| Gross Loans ($M) | ▲ | $90 | +18.58 | $71 |
| Loan Growth YoY (%) | ▼ | 79.33% | -3.17 | 82.50% |
| Total Deposits ($M) | ▲ | $113 | +26.68 | $86 |
| Shareholders Equity ($M) | ▲ | $20 | +6.11 | $14 |
| Tang. Book Value ($M) | ▲ | $19 | +5.83 | $14 |
| Loan / Deposit Ratio (%) | ▼ | 79.33% | -3.17 | 82.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.04 | 0.22% |
| Allowance / Loans (%) | — | 0.59% | 0.03% | 0.56% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.07 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 30.31% | -2.27 | 32.58% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▃▄█ | Net Interest Margin (%) | 2.13% | 2.15% | 2.18% | 2.24% | 2.38% | 2.43% | 2.60% | 3.08% |
| ▁▁▁▁▁█▆▇ | Return on Assets (%) | 0.21% | 0.20% | 0.23% | 0.17% | 0.23% | 0.75% | 0.60% | 0.61% |
| █████▂▃▁ | Efficiency Ratio (%) | 88.0% | 88.6% | 86.4% | 89.1% | 86.0% | 68.1% | 70.1% | 63.7% |
| ▄▆█▇▅▁▅▂ | Cost of Funds (%) | 1.94% | 2.01% | 2.14% | 2.06% | 1.99% | 1.76% | 1.96% | 1.84% |
| ▂▂▂▁▁▂█▅ | NPA / Assets (%) | 0.23% | 0.23% | 0.23% | 0.22% | 0.22% | 0.23% | 0.29% | 0.26% |
| ▂▂▂▁▁▂█▆ | Net Charge-Off Ratio (%) | 0.34% | 0.34% | 0.33% | 0.33% | 0.31% | 0.34% | 0.43% | 0.40% |
| ▁▁▁▁▁███ | Tang. Book Value ($M) | $13 | $14 | $13 | $14 | $14 | $19 | $19 | $19 |
| ▁▁▁▁▂███ | Gross Loans ($M) | $71 | $71 | $71 | $71 | $74 | $89 | $89 | $90 |
| ▁▁▁▁▂▇▇█ | Total Deposits ($M) | $85 | $84 | $83 | $86 | $87 | $108 | $108 | $113 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 1% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 8% |