Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.51% | +0.02 | 0.49% |
| Return on Equity (%) | ▲ | 6.51% | +0.25 | 6.26% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.03 | 3.65% |
| Efficiency Ratio (%) | ▲ | 85.93% | -0.63 | 86.56% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.05 | $0 |
| Cost of Funds (%) | ▼ | 1.44% | +0.12 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $270 | +27.22 | $243 |
| Gross Loans ($M) | ▲ | $134 | +2.24 | $132 |
| Loan Growth YoY (%) | ▼ | 53.22% | -5.00 | 58.22% |
| Total Deposits ($M) | ▲ | $249 | +25.36 | $224 |
| Shareholders Equity ($M) | ▲ | $20 | +1.87 | $18 |
| Tang. Book Value ($M) | ▲ | $19 | +1.87 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +2.61 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 53.22% | -5.00 | 58.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.31 | 0.22% |
| Allowance / Loans (%) | — | 0.81% | -0.05% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 1.07% | +0.66 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.82% | -0.05 | 12.87% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▄▆▁▁▁▁▂ | Net Interest Margin (%) | 4.08% | 3.82% | 3.93% | 3.65% | 3.60% | 3.65% | 3.64% | 3.68% |
| █▆▅▂▁▁▁▂ | Return on Assets (%) | 0.91% | 0.76% | 0.71% | 0.49% | 0.43% | 0.43% | 0.42% | 0.51% |
| ▁▂▃▇███▆ | Efficiency Ratio (%) | 77.6% | 79.9% | 81.7% | 86.6% | 88.5% | 88.7% | 89.4% | 85.9% |
| ▁█▆▇██▇█ | Cost of Funds (%) | 0.85% | 1.41% | 1.28% | 1.32% | 1.39% | 1.41% | 1.34% | 1.44% |
| ▁▂▃▃▁▁██ | NPA / Assets (%) | 0.05% | 0.15% | 0.21% | 0.22% | 0.07% | 0.06% | 0.58% | 0.53% |
| ▁▂▃▃▁▁██ | Net Charge-Off Ratio (%) | 0.10% | 0.31% | 0.37% | 0.41% | 0.13% | 0.12% | 1.12% | 1.07% |
| ▁▆▄▃▅▇█▇ | Tang. Book Value ($M) | $16 | $18 | $18 | $17 | $18 | $19 | $19 | $19 |
| ▅▅▅▇▂▁▃█ | Gross Loans ($M) | $130 | $129 | $129 | $132 | $125 | $123 | $126 | $134 |
| ▅▇▁▄▄▄▅█ | Total Deposits ($M) | $231 | $243 | $200 | $224 | $221 | $220 | $227 | $249 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 8% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 28% |