Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.61 | 0.70% |
| Return on Equity (%) | ▲ | 14.94% | +6.05 | 8.89% |
| Net Interest Margin (%) | ▲ | 1.55% | +0.43 | 1.13% |
| Efficiency Ratio (%) | ▲ | 12.11% | -4.24 | 16.35% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.56 | $3 |
| Cost of Funds (%) | ▲ | 2.00% | -0.32 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,411 | +33.55 | $1,378 |
| Gross Loans ($M) | — | $0 | 0.00 | $0 |
| Loan Growth YoY (%) | — | 0.00% | 0.00 | 0.00% |
| Total Deposits ($M) | ▲ | $1,289 | +18.30 | $1,271 |
| Shareholders Equity ($M) | ▲ | $121 | +15.61 | $106 |
| Tang. Book Value ($M) | ▲ | $121 | +15.61 | $106 |
| TBV excl. AOCI ($M)** | ▲ | $178 | +18.02 | $160 |
| Loan / Deposit Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.00% | — | 0.00% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 46.42% | +3.33 | 43.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▄▄█ | Net Interest Margin (%) | 0.83% | 0.72% | 0.74% | 1.13% | 1.12% | 1.05% | 1.12% | 1.55% |
| ▁▁▁▃▄▃▄█ | Return on Assets (%) | 0.58% | 0.49% | 0.51% | 0.70% | 0.80% | 0.77% | 0.81% | 1.31% |
| ███▂▃▃▃▁ | Efficiency Ratio (%) | 27.5% | 29.1% | 27.9% | 16.3% | 16.4% | 17.4% | 16.4% | 12.1% |
| █▅█▃▅▂▆▁ | Cost of Funds (%) | 2.93% | 2.56% | 3.01% | 2.32% | 2.57% | 2.24% | 2.68% | 2.00% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $97 | $102 | $100 | $106 | $109 | $113 | $117 | $121 |
| ▄▄▄▄▄▄▄▄ | Gross Loans ($M) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| ▁▄▃█▅█▅█ | Total Deposits ($M) | $1,044 | $1,143 | $1,121 | $1,271 | $1,185 | $1,277 | $1,187 | $1,289 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 1% |
| Interest-Bearing (core) | 96% |
| Brokered / Other | 3% |