Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.45% | +0.28 | 0.17% |
| Return on Equity (%) | ▲ | 3.81% | +2.17 | 1.64% |
| Net Interest Margin (%) | ▲ | 2.85% | +0.48 | 2.37% |
| Efficiency Ratio (%) | ▲ | 81.42% | -11.77 | 93.20% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.13 | $0 |
| Cost of Funds (%) | ▲ | 1.19% | -0.12 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $146 | -2.59 | $149 |
| Gross Loans ($M) | ▼ | $87 | -0.96 | $88 |
| Loan Growth YoY (%) | ▲ | 66.63% | +1.24 | 65.39% |
| Total Deposits ($M) | ▼ | $128 | -3.87 | $132 |
| Shareholders Equity ($M) | ▲ | $18 | +1.43 | $16 |
| Tang. Book Value ($M) | ▲ | $17 | +1.46 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +1.26 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 66.63% | +1.24 | 65.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.67% | +0.14 | 0.53% |
| Allowance / Loans (%) | — | 1.43% | 0.00% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 1.13% | +0.23 | 0.90% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.30% | +0.88 | 23.42% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 2.14% | 2.13% | 2.21% | 2.37% | 2.55% | 2.61% | 2.68% | 2.85% |
| ▁▃▄▄▅▇██ | Return on Assets (%) | -0.06% | 0.07% | 0.17% | 0.17% | 0.24% | 0.34% | 0.40% | 0.45% |
| █▆▅▅▄▂▁▁ | Efficiency Ratio (%) | 102.6% | 96.6% | 92.4% | 93.2% | 89.8% | 85.0% | 83.1% | 81.4% |
| ██▆▂▃▁▁▁ | Cost of Funds (%) | 1.88% | 1.85% | 1.69% | 1.31% | 1.44% | 1.28% | 1.27% | 1.19% |
| █▇▅▁▆▃▂▄ | NPA / Assets (%) | 0.87% | 0.81% | 0.71% | 0.53% | 0.76% | 0.65% | 0.60% | 0.67% |
| █▆▄▁▅▃▂▃ | Net Charge-Off Ratio (%) | 1.71% | 1.48% | 1.28% | 0.90% | 1.32% | 1.11% | 1.07% | 1.13% |
| ▁▅▂▄▅▇██ | Tang. Book Value ($M) | $15 | $16 | $15 | $16 | $16 | $17 | $17 | $17 |
| ▁▆▇██▂▁▅ | Gross Loans ($M) | $85 | $87 | $88 | $88 | $88 | $86 | $86 | $87 |
| █▅▅▂▃▁▂▁ | Total Deposits ($M) | $153 | $142 | $142 | $132 | $135 | $129 | $134 | $128 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 3% |