Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.43 | 0.59% |
| Return on Equity (%) | ▲ | 10.26% | +4.16 | 6.10% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.65 | 3.08% |
| Efficiency Ratio (%) | ▲ | 66.49% | -10.86 | 77.35% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.64 | $1 |
| Cost of Funds (%) | ▲ | 1.71% | -0.30 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $407 | +6.60 | $401 |
| Gross Loans ($M) | ▲ | $339 | +27.45 | $311 |
| Loan Growth YoY (%) | ▲ | 96.89% | +5.91 | 90.98% |
| Total Deposits ($M) | ▲ | $346 | +7.61 | $339 |
| Shareholders Equity ($M) | ▲ | $42 | +2.62 | $39 |
| Tang. Book Value ($M) | ▲ | $42 | +2.62 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +2.76 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 96.89% | +5.91 | 90.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.07 | 0.08% |
| Allowance / Loans (%) | — | 1.02% | -0.07% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.09 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.67% | +0.09 | 12.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▃▅▅█ | Net Interest Margin (%) | 3.18% | 3.16% | 3.10% | 3.08% | 3.28% | 3.43% | 3.48% | 3.73% |
| ▃▂▂▁▄▅▅█ | Return on Assets (%) | 0.71% | 0.69% | 0.66% | 0.59% | 0.78% | 0.86% | 0.85% | 1.02% |
| ▆▇▇█▅▄▄▁ | Efficiency Ratio (%) | 74.3% | 74.8% | 75.6% | 77.3% | 72.7% | 70.7% | 71.1% | 66.5% |
| ▁▄▄█▄▃▁▄ | Cost of Funds (%) | 1.56% | 1.72% | 1.76% | 2.00% | 1.71% | 1.67% | 1.52% | 1.71% |
| ▄▃▅▇▁▁█▁ | NPA / Assets (%) | 0.05% | 0.04% | 0.06% | 0.08% | 0.01% | 0.01% | 0.10% | 0.01% |
| ▄▃▅▆▁▁█▁ | Net Charge-Off Ratio (%) | 0.06% | 0.05% | 0.08% | 0.10% | 0.01% | 0.01% | 0.13% | 0.02% |
| ▁▁▁▂▄▅▇█ | Tang. Book Value ($M) | $39 | $39 | $39 | $39 | $40 | $41 | $41 | $42 |
| ▁▁▁▄▅▆▆█ | Gross Loans ($M) | $296 | $295 | $294 | $311 | $318 | $324 | $328 | $339 |
| ▁▂▅▅▅▅█▆ | Total Deposits ($M) | $295 | $312 | $344 | $339 | $341 | $339 | $373 | $346 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 7% |