Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.22% | -0.20 | 0.42% |
| Return on Equity (%) | ▼ | 2.18% | -2.06 | 4.24% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.30 | 3.17% |
| Efficiency Ratio (%) | ▼ | 88.38% | +5.70 | 82.68% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.19 | $1 |
| Cost of Funds (%) | ▲ | 1.97% | -0.02 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $680 | +43.83 | $636 |
| Gross Loans ($M) | ▲ | $561 | +49.24 | $512 |
| Loan Growth YoY (%) | ▼ | 92.03% | -0.52 | 92.55% |
| Total Deposits ($M) | ▲ | $605 | +56.18 | $549 |
| Shareholders Equity ($M) | ▲ | $69 | +5.09 | $64 |
| Tang. Book Value ($M) | ▲ | $69 | +5.13 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +5.04 | $67 |
| Loan / Deposit Ratio (%) | ▼ | 92.03% | -0.52 | 92.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.05 | 0.05% |
| Allowance / Loans (%) | — | 0.88% | -0.01% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.06 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇▇█ | Net Interest Margin (%) | 2.60% | 2.64% | 2.74% | 3.17% | 3.25% | 3.28% | 3.29% | 3.47% |
| ▁▁▂██▇▇▃ | Return on Assets (%) | 0.09% | 0.13% | 0.16% | 0.42% | 0.44% | 0.39% | 0.38% | 0.22% |
| ██▇▁▁▁▂▄ | Efficiency Ratio (%) | 95.4% | 93.9% | 93.7% | 82.7% | 82.3% | 83.9% | 84.3% | 88.4% |
| ██▄▁▂▂▂▁ | Cost of Funds (%) | 2.31% | 2.33% | 2.12% | 1.98% | 2.02% | 2.02% | 2.02% | 1.97% |
| █▅▅▁▁▁▅▄ | NPA / Assets (%) | 0.15% | 0.10% | 0.11% | 0.05% | 0.04% | 0.04% | 0.10% | 0.09% |
| █▅▅▁▁▁▅▄ | Net Charge-Off Ratio (%) | 0.19% | 0.13% | 0.13% | 0.06% | 0.06% | 0.05% | 0.13% | 0.11% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $61 | $62 | $63 | $64 | $65 | $66 | $69 | $69 |
| ▁▂▃▃▃▅▇█ | Gross Loans ($M) | $485 | $498 | $507 | $512 | $512 | $523 | $550 | $561 |
| ▁▂▁▃▃▆██ | Total Deposits ($M) | $527 | $544 | $535 | $549 | $553 | $581 | $606 | $605 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 18% |