Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.72% | +0.16 | 0.55% |
| Return on Equity (%) | ▲ | 8.37% | +1.88 | 6.49% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.12 | 3.34% |
| Efficiency Ratio (%) | ▲ | 68.28% | -5.87 | 74.15% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.26 | $1 |
| Cost of Funds (%) | ▲ | 2.72% | -0.03 | 2.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $390 | +37.29 | $352 |
| Gross Loans ($M) | ▲ | $326 | +29.57 | $296 |
| Loan Growth YoY (%) | ▼ | 101.13% | -2.42 | 103.55% |
| Total Deposits ($M) | ▲ | $319 | +35.81 | $284 |
| Shareholders Equity ($M) | ▲ | $33 | +2.78 | $30 |
| Tang. Book Value ($M) | ▲ | $32 | +2.86 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +2.86 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 101.13% | -2.42 | 103.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.09 | 0.35% |
| Allowance / Loans (%) | — | 0.76% | 0.00% | 0.76% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.10 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.32% | +10.32 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▆██ | Net Interest Margin (%) | 3.09% | 3.10% | 3.13% | 3.34% | 3.33% | 3.35% | 3.43% | 3.46% |
| ▁▁▁▅▆▆██ | Return on Assets (%) | 0.40% | 0.38% | 0.38% | 0.55% | 0.61% | 0.61% | 0.70% | 0.72% |
| ███▃▃▃▂▁ | Efficiency Ratio (%) | 84.9% | 83.2% | 82.9% | 74.1% | 72.9% | 73.4% | 71.4% | 68.3% |
| ▄▅▄▁▆█▆▁ | Cost of Funds (%) | 2.81% | 2.83% | 2.80% | 2.75% | 2.85% | 2.93% | 2.87% | 2.72% |
| █▃▃▂▁▁▂▁ | NPA / Assets (%) | 0.79% | 0.41% | 0.37% | 0.35% | 0.22% | 0.22% | 0.31% | 0.26% |
| █▃▃▂▁▁▂▁ | Net Charge-Off Ratio (%) | 0.93% | 0.49% | 0.43% | 0.42% | 0.27% | 0.26% | 0.37% | 0.32% |
| ▁▂▁▃▄▅▇█ | Tang. Book Value ($M) | $29 | $29 | $29 | $30 | $30 | $31 | $32 | $32 |
| ▁▂▅▅▅▇▇█ | Gross Loans ($M) | $261 | $277 | $295 | $296 | $301 | $310 | $314 | $326 |
| ▁▂▄▅▆▆▆█ | Total Deposits ($M) | $247 | $264 | $279 | $284 | $294 | $296 | $301 | $319 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 33% |