Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.44% | -0.04 | 0.48% |
| Return on Equity (%) | ▼ | 4.47% | -0.65 | 5.12% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.07 | 3.87% |
| Efficiency Ratio (%) | ▼ | 87.18% | +1.43 | 85.76% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.04 | $0 |
| Cost of Funds (%) | ▼ | 0.79% | +0.05 | 0.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $263 | -6.83 | $270 |
| Gross Loans ($M) | ▲ | $212 | +3.57 | $209 |
| Loan Growth YoY (%) | ▲ | 91.76% | +4.71 | 87.05% |
| Total Deposits ($M) | ▼ | $230 | -8.44 | $239 |
| Shareholders Equity ($M) | ▲ | $26 | +0.75 | $25 |
| Tang. Book Value ($M) | ▲ | $26 | +0.79 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 91.76% | +4.71 | 87.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.32 | 0.09% |
| Allowance / Loans (%) | — | 0.59% | 0.02% | 0.56% |
| Net Charge-Off Ratio (%) | ▼ | 0.51% | +0.39 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.99% | +0.44 | 16.55% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▇▆▁▅█▆█ | Net Interest Margin (%) | 3.87% | 3.93% | 3.91% | 3.87% | 3.91% | 3.94% | 3.92% | 3.94% |
| ▁▄▂█▁▃▃▆ | Return on Assets (%) | 0.37% | 0.41% | 0.39% | 0.48% | 0.37% | 0.40% | 0.40% | 0.44% |
| █▂▅▁▆▄▄▇ | Efficiency Ratio (%) | 87.5% | 86.2% | 86.7% | 85.8% | 86.9% | 86.5% | 86.5% | 87.2% |
| ▁▅▅▃██▇▆ | Cost of Funds (%) | 0.68% | 0.78% | 0.77% | 0.74% | 0.84% | 0.86% | 0.82% | 0.79% |
| ▁▁▁▁▁▁▃█ | NPA / Assets (%) | 0.09% | 0.09% | 0.10% | 0.09% | 0.09% | 0.09% | 0.17% | 0.41% |
| ▁▁▁▁▁▁▃█ | Net Charge-Off Ratio (%) | 0.11% | 0.11% | 0.12% | 0.12% | 0.10% | 0.10% | 0.22% | 0.51% |
| ▁▂▃▆▇███ | Tang. Book Value ($M) | $23 | $24 | $24 | $25 | $25 | $26 | $26 | $26 |
| ▁▄█▃█▇▅█ | Gross Loans ($M) | $207 | $209 | $212 | $209 | $213 | $211 | $210 | $212 |
| ▇▂▄█▂▁▆▄ | Total Deposits ($M) | $236 | $226 | $230 | $239 | $226 | $223 | $234 | $230 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |