Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.35 | 1.12% |
| Return on Equity (%) | ▲ | 12.99% | +3.52 | 9.47% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.30 | 3.25% |
| Efficiency Ratio (%) | ▲ | 48.33% | -7.06 | 55.39% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.61 | $1 |
| Cost of Funds (%) | ▲ | 2.71% | -0.09 | 2.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $442 | +43.43 | $398 |
| Gross Loans ($M) | ▲ | $371 | +39.08 | $332 |
| Loan Growth YoY (%) | ▲ | 111.24% | +0.87 | 110.38% |
| Total Deposits ($M) | ▲ | $329 | +32.53 | $297 |
| Shareholders Equity ($M) | ▲ | $50 | +3.41 | $47 |
| Tang. Book Value ($M) | ▲ | $50 | +3.41 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +3.29 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 111.24% | +0.87 | 110.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.75% | +0.11 | 2.65% |
| Allowance / Loans (%) | — | 1.34% | -0.06% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 3.27% | +0.10 | 3.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆██ | Net Interest Margin (%) | 3.08% | 3.13% | 3.12% | 3.25% | 3.33% | 3.42% | 3.50% | 3.55% |
| ▁▁▁▂▃▄▅█ | Return on Assets (%) | 1.01% | 1.05% | 1.01% | 1.12% | 1.12% | 1.19% | 1.25% | 1.47% |
| █▇▆▆▅▅▃▁ | Efficiency Ratio (%) | 58.4% | 57.0% | 55.9% | 55.4% | 54.4% | 54.0% | 51.9% | 48.3% |
| ▅█▆▃▂▅▂▁ | Cost of Funds (%) | 2.89% | 3.02% | 2.91% | 2.80% | 2.79% | 2.88% | 2.76% | 2.71% |
| ▁▁███▇██ | NPA / Assets (%) | 0.43% | 0.39% | 2.72% | 2.65% | 2.78% | 2.38% | 2.58% | 2.75% |
| ▁▁███▇██ | Net Charge-Off Ratio (%) | 0.54% | 0.49% | 3.24% | 3.17% | 3.27% | 2.85% | 3.01% | 3.27% |
| ▁▂▂▄▂▄▇█ | Tang. Book Value ($M) | $44 | $45 | $45 | $47 | $45 | $47 | $49 | $50 |
| ▁▁▂▄▇▇██ | Gross Loans ($M) | $303 | $301 | $318 | $332 | $356 | $357 | $372 | $371 |
| ▁▁▁▃▆█▇█ | Total Deposits ($M) | $282 | $284 | $287 | $297 | $317 | $327 | $321 | $329 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 25% |