Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.27% | +0.56 | -0.29% |
| Return on Equity (%) | ▲ | 3.16% | +6.22 | -3.06% |
| Net Interest Margin (%) | ▲ | 2.41% | +0.04 | 2.38% |
| Efficiency Ratio (%) | ▲ | 89.48% | -15.43 | 104.90% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.34 | $-0 |
| Cost of Funds (%) | ▼ | 3.10% | +0.02 | 3.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $388 | +15.67 | $372 |
| Gross Loans ($M) | ▲ | $207 | +39.60 | $168 |
| Loan Growth YoY (%) | ▲ | 64.27% | +9.82 | 54.44% |
| Total Deposits ($M) | ▲ | $320 | +14.06 | $306 |
| Shareholders Equity ($M) | ▲ | $33 | +0.38 | $33 |
| Tang. Book Value ($M) | ▲ | $33 | +0.38 | $33 |
| TBV excl. AOCI ($M)** | ▼ | $41 | -0.91 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 64.27% | +9.82 | 54.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.32% | +0.12 | 0.21% |
| Allowance / Loans (%) | — | 0.82% | 0.11% | 0.72% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -0.09 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.84% | -0.44 | 15.28% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆██▅ | Net Interest Margin (%) | 2.25% | 2.24% | 2.29% | 2.38% | 2.49% | 2.55% | 2.58% | 2.41% |
| ▃▃▁▅▇▇██ | Return on Assets (%) | -0.73% | -0.69% | -1.22% | -0.29% | -0.07% | 0.06% | 0.12% | 0.27% |
| ██▇▄▂▁▁▁ | Efficiency Ratio (%) | 129.0% | 129.7% | 123.2% | 104.9% | 95.7% | 92.0% | 89.7% | 89.5% |
| ▁▅█▄▆██▄ | Cost of Funds (%) | 2.86% | 3.16% | 3.35% | 3.07% | 3.21% | 3.40% | 3.37% | 3.10% |
| ▅▅▅▅▁▄▂█ | NPA / Assets (%) | 0.18% | 0.19% | 0.19% | 0.21% | 0.03% | 0.16% | 0.09% | 0.32% |
| ██▇█▁▆▃▇ | Net Charge-Off Ratio (%) | 0.44% | 0.45% | 0.41% | 0.46% | 0.06% | 0.32% | 0.18% | 0.37% |
| ▁▁▇▆▅▇█▇ | Tang. Book Value ($M) | $31 | $31 | $33 | $33 | $32 | $33 | $33 | $33 |
| ▁▁▃▅▇▇██ | Gross Loans ($M) | $127 | $135 | $150 | $168 | $188 | $194 | $201 | $207 |
| ▁▃▅▆██▇▇ | Total Deposits ($M) | $215 | $251 | $293 | $306 | $343 | $343 | $320 | $320 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 42% |