Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.61% | -0.08 | 0.69% |
| Return on Equity (%) | ▼ | 6.17% | -0.26 | 6.43% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.14 | 3.96% |
| Efficiency Ratio (%) | ▼ | 81.20% | +3.52 | 77.68% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.01 | $0 |
| Cost of Funds (%) | ▼ | 2.04% | +0.03 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $193 | +26.06 | $167 |
| Gross Loans ($M) | ▲ | $160 | +20.56 | $140 |
| Loan Growth YoY (%) | ▼ | 105.20% | -3.50 | 108.71% |
| Total Deposits ($M) | ▲ | $151 | +23.48 | $127 |
| Shareholders Equity ($M) | ▲ | $19 | +0.97 | $18 |
| Tang. Book Value ($M) | ▲ | $19 | +0.98 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 105.20% | -3.50 | 108.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.45% | -0.08 | 0.53% |
| Allowance / Loans (%) | — | 1.07% | 0.07% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.54% | -0.09 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.53% | -1.64 | 14.17% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇█▆ | Net Interest Margin (%) | 3.76% | 3.72% | 3.83% | 3.96% | 4.10% | 4.17% | 4.26% | 4.10% |
| ▁▁▃▆█▇█▅ | Return on Assets (%) | 0.30% | 0.33% | 0.50% | 0.69% | 0.82% | 0.75% | 0.84% | 0.61% |
| ▇█▃▂▁▁▁▃ | Efficiency Ratio (%) | 92.8% | 98.8% | 81.2% | 77.7% | 73.1% | 75.3% | 73.0% | 81.2% |
| ▁█▆▇███▇ | Cost of Funds (%) | 1.79% | 2.07% | 1.97% | 2.02% | 2.05% | 2.08% | 2.07% | 2.04% |
| ▇█▁▁▁▁▁▁ | NPA / Assets (%) | 2.12% | 2.53% | 0.38% | 0.53% | 0.50% | 0.37% | 0.35% | 0.45% |
| ▇█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 2.54% | 3.11% | 0.46% | 0.63% | 0.61% | 0.44% | 0.42% | 0.54% |
| ▁▂▃▄▆█▇█ | Tang. Book Value ($M) | $17 | $18 | $18 | $18 | $19 | $19 | $19 | $19 |
| ▁▂▄▂▄▅██ | Gross Loans ($M) | $133 | $139 | $145 | $140 | $146 | $149 | $158 | $160 |
| ▁▄▅▃▄▆██ | Total Deposits ($M) | $118 | $132 | $136 | $127 | $132 | $139 | $150 | $151 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 15% |