Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.33 | 0.84% |
| Return on Equity (%) | ▲ | 2.78% | +0.78 | 2.00% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.56 | 2.70% |
| Efficiency Ratio (%) | ▲ | 47.03% | -2.83 | 49.86% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.31 | $1 |
| Cost of Funds (%) | ▲ | 1.08% | -0.03 | 1.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $324 | +8.71 | $315 |
| Gross Loans ($M) | ▲ | $174 | +14.12 | $160 |
| Loan Growth YoY (%) | ▲ | 92.66% | +5.30 | 87.35% |
| Total Deposits ($M) | ▲ | $187 | +4.83 | $182 |
| Shareholders Equity ($M) | ▲ | $136 | +3.68 | $133 |
| Tang. Book Value ($M) | ▲ | $136 | +3.68 | $133 |
| TBV excl. AOCI ($M)** | ▲ | $141 | +2.65 | $139 |
| Loan / Deposit Ratio (%) | ▲ | 92.66% | +5.30 | 87.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.12 | 0.18% |
| Allowance / Loans (%) | — | 0.86% | -0.08% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.10 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 2.23% | 2.30% | 2.37% | 2.70% | 2.82% | 2.92% | 2.99% | 3.26% |
| ▁▁▁▃▅▆▇█ | Return on Assets (%) | 0.66% | 0.68% | 0.70% | 0.84% | 0.95% | 1.02% | 1.07% | 1.17% |
| ▇▇█▃▂▁▁▁ | Efficiency Ratio (%) | 55.2% | 55.6% | 56.9% | 49.9% | 49.0% | 48.1% | 48.3% | 47.0% |
| ▆█▇▂▂▂▃▁ | Cost of Funds (%) | 1.17% | 1.23% | 1.21% | 1.11% | 1.10% | 1.10% | 1.13% | 1.08% |
| █▆▅▇▁▃▁▁ | NPA / Assets (%) | 0.22% | 0.17% | 0.15% | 0.18% | 0.07% | 0.12% | 0.07% | 0.07% |
| █▄▃▅▁▅▁▁ | Net Charge-Off Ratio (%) | 0.17% | 0.08% | 0.05% | 0.10% | 0.00% | 0.10% | 0.00% | 0.00% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $131 | $131 | $132 | $133 | $133 | $134 | $135 | $136 |
| ▁▁▂▃▄▆██ | Gross Loans ($M) | $154 | $154 | $157 | $160 | $163 | $169 | $174 | $174 |
| ▂▇▁▁▁▅▂█ | Total Deposits ($M) | $183 | $185 | $182 | $182 | $182 | $184 | $183 | $187 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 10% |