Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.54% | +0.52 | 0.02% |
| Return on Equity (%) | ▲ | 7.67% | +7.32 | 0.35% |
| Net Interest Margin (%) | ▲ | 2.89% | +0.32 | 2.57% |
| Efficiency Ratio (%) | ▲ | 73.35% | -21.48 | 94.83% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.28 | $0 |
| Cost of Funds (%) | ▲ | 1.32% | -0.03 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $157 | +9.17 | $148 |
| Gross Loans ($M) | ▲ | $72 | +1.46 | $71 |
| Loan Growth YoY (%) | ▲ | 52.31% | +1.17 | 51.13% |
| Total Deposits ($M) | ▼ | $137 | -0.26 | $137 |
| Shareholders Equity ($M) | ▲ | $11 | +1.83 | $9 |
| Tang. Book Value ($M) | ▲ | $11 | +1.83 | $9 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +2.23 | $13 |
| Loan / Deposit Ratio (%) | ▲ | 52.31% | +1.17 | 51.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.07 | 0.13% |
| Allowance / Loans (%) | — | 1.14% | -0.04% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.13 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.17% | +0.68 | 20.48% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▄▁▄▆▆█ | Net Interest Margin (%) | 2.82% | 2.78% | 2.70% | 2.57% | 2.70% | 2.78% | 2.81% | 2.89% |
| ██▇▁▅▇▇▇ | Return on Assets (%) | 0.64% | 0.58% | 0.54% | 0.02% | 0.40% | 0.55% | 0.55% | 0.54% |
| ▁▁▂█▅▃▃▂ | Efficiency Ratio (%) | 68.4% | 71.1% | 73.5% | 94.8% | 82.4% | 77.4% | 76.3% | 73.3% |
| ▂▁█▂▁▁▁▁ | Cost of Funds (%) | 1.33% | 1.29% | 1.73% | 1.35% | 1.31% | 1.29% | 1.27% | 1.32% |
| ▁▄▁▂▂▂█▁ | NPA / Assets (%) | 0.08% | 0.21% | 0.06% | 0.13% | 0.12% | 0.13% | 0.46% | 0.06% |
| ▁▃▁▂▂▂█▁ | Net Charge-Off Ratio (%) | 0.17% | 0.41% | 0.11% | 0.26% | 0.25% | 0.28% | 1.00% | 0.13% |
| ▁▆▂▃▅███ | Tang. Book Value ($M) | $8 | $10 | $9 | $9 | $10 | $11 | $11 | $11 |
| ▁█▁▄▆▅▄█ | Gross Loans ($M) | $70 | $73 | $70 | $71 | $72 | $71 | $71 | $72 |
| ▃▂▁█▇▇▃█ | Total Deposits ($M) | $132 | $132 | $130 | $137 | $136 | $135 | $132 | $137 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 1% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 5% |