Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.06% | -0.24 | 1.30% |
| Return on Equity (%) | ▼ | 8.74% | -4.91 | 13.65% |
| Net Interest Margin (%) | ▲ | 4.64% | +0.23 | 4.41% |
| Efficiency Ratio (%) | ▼ | 66.45% | +8.22 | 58.23% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.08 | $2 |
| Cost of Funds (%) | ▲ | 1.61% | -0.11 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $418 | +41.84 | $376 |
| Gross Loans ($M) | ▲ | $328 | +40.84 | $287 |
| Loan Growth YoY (%) | ▲ | 91.14% | +5.22 | 85.92% |
| Total Deposits ($M) | ▲ | $355 | +25.33 | $329 |
| Shareholders Equity ($M) | ▲ | $53 | +15.60 | $37 |
| Tang. Book Value ($M) | ▲ | $53 | +15.60 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +15.05 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 91.14% | +5.22 | 85.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.14 | 0.19% |
| Allowance / Loans (%) | — | 1.49% | -0.02% | 1.51% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.18 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.27% | +1.84 | 13.42% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▅▆▅█ | Net Interest Margin (%) | 4.34% | 4.38% | 4.36% | 4.41% | 4.49% | 4.55% | 4.53% | 4.64% |
| ▁▁▁██▇▆▁ | Return on Assets (%) | 1.06% | 1.03% | 1.06% | 1.30% | 1.32% | 1.26% | 1.23% | 1.06% |
| ▅▅▃▁▁▃▄█ | Efficiency Ratio (%) | 62.4% | 63.0% | 60.9% | 58.2% | 58.5% | 60.8% | 61.8% | 66.4% |
| ▅█▄▄▆▇▁▂ | Cost of Funds (%) | 1.79% | 2.06% | 1.74% | 1.72% | 1.91% | 1.93% | 1.47% | 1.61% |
| ██▆▆▁▁▁▁ | NPA / Assets (%) | 0.24% | 0.25% | 0.19% | 0.19% | 0.05% | 0.06% | 0.05% | 0.05% |
| ██▇▆▁▁▁▁ | Net Charge-Off Ratio (%) | 0.31% | 0.32% | 0.26% | 0.25% | 0.06% | 0.08% | 0.08% | 0.06% |
| ▁▁▁▂▃▃██ | Tang. Book Value ($M) | $34 | $35 | $36 | $37 | $39 | $40 | $52 | $53 |
| ▁▁▄▄▅▅▆█ | Gross Loans ($M) | $253 | $259 | $282 | $287 | $291 | $292 | $306 | $328 |
| ▁▁▆▄▃▃█▆ | Total Deposits ($M) | $295 | $292 | $349 | $329 | $316 | $325 | $383 | $355 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 5% |