Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.40 | 0.69% |
| Return on Equity (%) | ▲ | 13.59% | +3.63 | 9.96% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.39 | 2.76% |
| Efficiency Ratio (%) | ▲ | 64.49% | -11.78 | 76.27% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.42 | $1 |
| Cost of Funds (%) | ▲ | 1.63% | -0.22 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $327 | +14.65 | $312 |
| Gross Loans ($M) | ▲ | $191 | +10.84 | $181 |
| Loan Growth YoY (%) | ▲ | 64.97% | +1.13 | 63.83% |
| Total Deposits ($M) | ▲ | $292 | +11.57 | $280 |
| Shareholders Equity ($M) | ▲ | $26 | +3.79 | $22 |
| Tang. Book Value ($M) | ▲ | $24 | +3.85 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +4.15 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 64.97% | +1.13 | 63.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.19 | 0.03% |
| Allowance / Loans (%) | — | 1.04% | 0.02% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.32 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.48% | +0.04 | 14.44% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.53% | 2.50% | 2.54% | 2.76% | 2.89% | 2.93% | 2.98% | 3.15% |
| ▁▁▁▄▅▆▆█ | Return on Assets (%) | 0.40% | 0.37% | 0.40% | 0.69% | 0.82% | 0.85% | 0.82% | 1.09% |
| ███▅▃▃▃▁ | Efficiency Ratio (%) | 85.1% | 86.1% | 85.1% | 76.3% | 72.2% | 71.2% | 72.5% | 64.5% |
| ██▆▄▅▄▂▁ | Cost of Funds (%) | 2.18% | 2.16% | 1.99% | 1.85% | 1.93% | 1.87% | 1.76% | 1.63% |
| ▂▄▂▁▁▄▄█ | NPA / Assets (%) | 0.07% | 0.11% | 0.07% | 0.03% | 0.05% | 0.10% | 0.10% | 0.22% |
| ▂▅▂▁▁▄▄█ | Net Charge-Off Ratio (%) | 0.12% | 0.21% | 0.12% | 0.04% | 0.08% | 0.18% | 0.18% | 0.37% |
| ▁▄▂▃▄▆██ | Tang. Book Value ($M) | $18 | $21 | $19 | $20 | $21 | $23 | $24 | $24 |
| ▁▁▂▄▆▇▆█ | Gross Loans ($M) | $173 | $174 | $177 | $181 | $186 | $188 | $186 | $191 |
| ▁▆▄▃▃▇██ | Total Deposits ($M) | $275 | $286 | $282 | $280 | $280 | $288 | $291 | $292 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 4% |