Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.40% | -0.10 | 1.50% |
| Return on Equity (%) | ▼ | 12.34% | -1.33 | 13.67% |
| Net Interest Margin (%) | ▼ | 5.30% | -0.26 | 5.56% |
| Efficiency Ratio (%) | ▼ | 57.07% | +0.08 | 56.99% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.13 | $2 |
| Cost of Funds (%) | ▲ | 0.99% | -0.42 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $393 | +54.22 | $339 |
| Gross Loans ($M) | ▼ | $224 | -0.65 | $224 |
| Loan Growth YoY (%) | ▼ | 64.04% | -12.31 | 76.35% |
| Total Deposits ($M) | ▲ | $344 | +54.61 | $289 |
| Shareholders Equity ($M) | ▲ | $43 | +5.53 | $38 |
| Tang. Book Value ($M) | ▲ | $43 | +5.53 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +5.15 | $39 |
| Loan / Deposit Ratio (%) | ▼ | 64.04% | -12.31 | 76.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.46 | 0.16% |
| Allowance / Loans (%) | — | 1.63% | -0.01% | 1.64% |
| Net Charge-Off Ratio (%) | ▼ | 1.09% | +0.85 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.67% | +1.00 | 15.68% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▅▆██▇▁ | Net Interest Margin (%) | 5.41% | 5.44% | 5.51% | 5.56% | 5.65% | 5.64% | 5.60% | 5.30% |
| ▁▁▂▆███▄ | Return on Assets (%) | 1.26% | 1.22% | 1.32% | 1.50% | 1.59% | 1.63% | 1.60% | 1.40% |
| █▄▁▄▅▆▇▅ | Efficiency Ratio (%) | 57.6% | 57.0% | 56.5% | 57.0% | 57.1% | 57.3% | 57.5% | 57.1% |
| █▆█▄▃▂▂▁ | Cost of Funds (%) | 1.91% | 1.68% | 1.80% | 1.42% | 1.31% | 1.15% | 1.18% | 0.99% |
| ▅▅▅▁▁▇█▅ | NPA / Assets (%) | 0.68% | 0.65% | 0.62% | 0.16% | 0.16% | 0.84% | 1.06% | 0.62% |
| ▅▅▄▁▁▇█▅ | Net Charge-Off Ratio (%) | 1.01% | 0.98% | 0.90% | 0.24% | 0.24% | 1.46% | 1.65% | 1.09% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $34 | $36 | $36 | $38 | $39 | $41 | $42 | $43 |
| ▁▅▇▇▆▃█▆ | Gross Loans ($M) | $206 | $220 | $226 | $224 | $221 | $214 | $230 | $224 |
| ▁▂▃▃▄▇▅█ | Total Deposits ($M) | $258 | $278 | $285 | $289 | $292 | $326 | $303 | $344 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 36% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 50% |
| Interest-Bearing (core) | 50% |