Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.56 | 0.54% |
| Return on Equity (%) | ▲ | 9.41% | +4.58 | 4.83% |
| Net Interest Margin (%) | ▲ | 4.70% | +0.51 | 4.19% |
| Efficiency Ratio (%) | ▲ | 71.44% | -12.05 | 83.49% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.42 | $0 |
| Cost of Funds (%) | ▲ | 1.58% | -0.36 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $240 | +11.14 | $229 |
| Gross Loans ($M) | ▲ | $163 | +9.13 | $154 |
| Loan Growth YoY (%) | ▲ | 76.67% | +0.88 | 75.79% |
| Total Deposits ($M) | ▲ | $210 | +9.64 | $201 |
| Shareholders Equity ($M) | ▲ | $28 | +2.38 | $25 |
| Tang. Book Value ($M) | ▲ | $28 | +2.38 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.15 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 76.67% | +0.88 | 75.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -0.59 | 0.88% |
| Allowance / Loans (%) | — | 1.02% | -0.08% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.39% | -0.92 | 1.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.42% | +0.23 | 16.20% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.70% | 3.76% | 3.84% | 4.19% | 4.41% | 4.55% | 4.65% | 4.70% |
| ▂▁▁▂▃▄▅█ | Return on Assets (%) | 0.56% | 0.50% | 0.42% | 0.54% | 0.67% | 0.74% | 0.81% | 1.10% |
| ▇▇█▆▅▄▃▁ | Efficiency Ratio (%) | 85.4% | 85.9% | 88.0% | 83.5% | 80.5% | 78.6% | 77.4% | 71.4% |
| ███▅▄▃▂▁ | Cost of Funds (%) | 2.18% | 2.16% | 2.21% | 1.94% | 1.84% | 1.75% | 1.69% | 1.58% |
| █▆▆▆▆▇█▁ | NPA / Assets (%) | 1.15% | 0.91% | 0.85% | 0.88% | 0.91% | 0.98% | 1.10% | 0.29% |
| █▇▇█▇█▁▁ | Net Charge-Off Ratio (%) | 1.44% | 1.28% | 1.27% | 1.31% | 1.27% | 1.35% | 0.37% | 0.39% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $24 | $25 | $25 | $25 | $26 | $27 | $27 | $28 |
| ▁▃▄▅▇███ | Gross Loans ($M) | $140 | $148 | $149 | $154 | $159 | $164 | $164 | $163 |
| ▁▃▂▄▁▂▄█ | Total Deposits ($M) | $191 | $196 | $195 | $201 | $193 | $195 | $199 | $210 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 16% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |