Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.41 | 0.68% |
| Return on Equity (%) | ▲ | 13.61% | +4.66 | 8.95% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.37 | 2.89% |
| Efficiency Ratio (%) | ▲ | 66.90% | -7.02 | 73.92% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.33 | $1 |
| Cost of Funds (%) | ▲ | 1.34% | -0.21 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $371 | +12.25 | $358 |
| Gross Loans ($M) | ▼ | $253 | -1.82 | $255 |
| Loan Growth YoY (%) | ▼ | 79.17% | -3.92 | 83.09% |
| Total Deposits ($M) | ▲ | $316 | +12.71 | $304 |
| Shareholders Equity ($M) | ▲ | $30 | +1.90 | $28 |
| Tang. Book Value ($M) | ▲ | $30 | +1.90 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +1.12 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 79.17% | -3.92 | 83.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.03 | 0.20% |
| Allowance / Loans (%) | — | 0.98% | 0.02% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.06 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.17% | +0.81 | 12.37% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▆▇█ | Net Interest Margin (%) | 2.16% | 2.21% | 2.32% | 2.89% | 2.92% | 2.98% | 3.03% | 3.25% |
| ▁▁▁▃▄▅▅█ | Return on Assets (%) | 0.43% | 0.43% | 0.45% | 0.68% | 0.73% | 0.78% | 0.84% | 1.09% |
| ███▄▄▄▃▁ | Efficiency Ratio (%) | 81.6% | 81.7% | 81.5% | 73.9% | 73.3% | 72.7% | 71.9% | 66.9% |
| █▇▅▃▃▂▁▁ | Cost of Funds (%) | 2.07% | 1.97% | 1.74% | 1.55% | 1.53% | 1.48% | 1.39% | 1.34% |
| ▆▆█▁▁▁▁▁ | NPA / Assets (%) | 0.69% | 0.69% | 0.91% | 0.20% | 0.21% | 0.20% | 0.19% | 0.23% |
| ▆▆█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.98% | 0.99% | 1.30% | 0.28% | 0.28% | 0.27% | 0.28% | 0.34% |
| ▁▃▃▃▄▆██ | Tang. Book Value ($M) | $27 | $28 | $28 | $28 | $28 | $29 | $30 | $30 |
| █▇▇▂▂▁▃▁ | Gross Loans ($M) | $262 | $260 | $260 | $255 | $254 | $253 | $255 | $253 |
| ▂▃▅▅▂▁▇█ | Total Deposits ($M) | $293 | $297 | $303 | $304 | $293 | $289 | $310 | $316 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 18% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 4% |