Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.48% | +0.97 | 1.51% |
| Return on Equity (%) | ▲ | 8.93% | +3.33 | 5.60% |
| Net Interest Margin (%) | ▲ | 5.01% | +0.68 | 4.33% |
| Efficiency Ratio (%) | ▲ | 35.93% | -9.17 | 45.10% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.68 | $2 |
| Cost of Funds (%) | ▲ | 1.15% | -0.20 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $306 | +24.51 | $281 |
| Gross Loans ($M) | ▼ | $187 | -20.49 | $208 |
| Loan Growth YoY (%) | ▼ | 83.47% | -17.64 | 101.12% |
| Total Deposits ($M) | ▲ | $221 | +18.25 | $203 |
| Shareholders Equity ($M) | ▲ | $83 | +6.56 | $76 |
| Tang. Book Value ($M) | ▲ | $77 | +6.56 | $70 |
| Loan / Deposit Ratio (%) | ▼ | 83.47% | -17.64 | 101.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.44% | -2.00 | 2.44% |
| Allowance / Loans (%) | — | 1.48% | 0.15% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.71% | -2.60 | 3.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▂▁▂█ | Net Interest Margin (%) | 4.47% | 4.40% | 4.37% | 4.33% | 4.43% | 4.35% | 4.45% | 5.01% |
| ▄▄▄▁▃▃▄█ | Return on Assets (%) | 1.92% | 1.92% | 1.93% | 1.51% | 1.82% | 1.83% | 1.94% | 2.48% |
| █▇▆█▆▆▅▁ | Efficiency Ratio (%) | 44.6% | 43.8% | 42.8% | 45.1% | 41.9% | 42.2% | 41.1% | 35.9% |
| ▁▃▆█▇█▆▂ | Cost of Funds (%) | 1.11% | 1.20% | 1.30% | 1.35% | 1.33% | 1.38% | 1.31% | 1.15% |
| ▄▄▄▄▁█▂▁ | NPA / Assets (%) | 2.77% | 2.62% | 2.70% | 2.44% | 1.03% | 5.38% | 1.51% | 0.44% |
| ▄▄▄▃▁█▂▁ | Net Charge-Off Ratio (%) | 4.18% | 3.95% | 3.92% | 3.31% | 1.53% | 7.89% | 2.33% | 0.71% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $66 | $68 | $69 | $70 | $72 | $73 | $75 | $77 |
| ▁▄▄█▅▆▁▂ | Gross Loans ($M) | $182 | $193 | $194 | $208 | $195 | $200 | $185 | $187 |
| ▁▆▂▁▄▅▁█ | Total Deposits ($M) | $200 | $215 | $204 | $203 | $209 | $212 | $202 | $221 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 13% |