Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.38 | 0.99% |
| Return on Equity (%) | ▲ | 10.18% | +2.36 | 7.82% |
| Net Interest Margin (%) | ▲ | 4.92% | +0.37 | 4.55% |
| Efficiency Ratio (%) | ▲ | 64.80% | -5.89 | 70.69% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.44 | $1 |
| Cost of Funds (%) | ▲ | 1.90% | -0.12 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $326 | +10.00 | $316 |
| Gross Loans ($M) | ▲ | $256 | +12.01 | $244 |
| Loan Growth YoY (%) | ▲ | 88.55% | +2.31 | 86.24% |
| Total Deposits ($M) | ▲ | $281 | +5.88 | $275 |
| Shareholders Equity ($M) | ▲ | $44 | +3.64 | $40 |
| Tang. Book Value ($M) | ▲ | $44 | +3.64 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +3.68 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 88.55% | +2.31 | 86.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.74% | -0.29 | 1.03% |
| Allowance / Loans (%) | — | 2.66% | 0.05% | 2.61% |
| Net Charge-Off Ratio (%) | ▲ | 0.75% | -0.20 | 0.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▄▅█ | Net Interest Margin (%) | 4.29% | 4.27% | 4.29% | 4.55% | 4.52% | 4.56% | 4.61% | 4.92% |
| ▁▁▁▄▄▄▂█ | Return on Assets (%) | 0.72% | 0.67% | 0.68% | 0.99% | 0.97% | 0.98% | 0.77% | 1.37% |
| ███▅▅▅▅▁ | Efficiency Ratio (%) | 76.0% | 76.4% | 75.1% | 70.7% | 71.0% | 71.0% | 71.8% | 64.8% |
| ▃▅█▄▃▁▂▁ | Cost of Funds (%) | 1.99% | 2.06% | 2.19% | 2.02% | 1.97% | 1.93% | 1.96% | 1.90% |
| ▁█▄▇▇▆▇▂ | NPA / Assets (%) | 0.67% | 1.12% | 0.88% | 1.03% | 1.03% | 0.96% | 1.02% | 0.74% |
| ▁█▅██▇█▅ | Net Charge-Off Ratio (%) | 0.42% | 1.01% | 0.78% | 0.95% | 1.00% | 0.91% | 1.00% | 0.75% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $38 | $39 | $39 | $40 | $41 | $43 | $43 | $44 |
| ▁▂▃▃▄▅██ | Gross Loans ($M) | $237 | $241 | $243 | $244 | $244 | $248 | $254 | $256 |
| ▁▂▃▆▇▆▆█ | Total Deposits ($M) | $259 | $263 | $267 | $275 | $277 | $275 | $274 | $281 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 2% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 14% |