Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.14 | 0.88% |
| Return on Equity (%) | ▲ | 3.88% | +0.37 | 3.51% |
| Net Interest Margin (%) | ▼ | 3.95% | -0.04 | 3.99% |
| Efficiency Ratio (%) | ▲ | 65.96% | -3.30 | 69.26% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.06 | $1 |
| Cost of Funds (%) | ▼ | 0.31% | +0.03 | 0.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $173 | -1.29 | $174 |
| Gross Loans ($M) | ▲ | $123 | +2.50 | $121 |
| Loan Growth YoY (%) | ▲ | 96.06% | +3.99 | 92.07% |
| Total Deposits ($M) | ▼ | $126 | -3.22 | $129 |
| Shareholders Equity ($M) | ▲ | $46 | +2.32 | $43 |
| Tang. Book Value ($M) | ▲ | $46 | +2.32 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 96.06% | +3.99 | 92.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.70% | +0.02 | 0.68% |
| Allowance / Loans (%) | — | 1.58% | 0.33% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.52% | +0.01 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▅▆▁▃▂█▁ | Net Interest Margin (%) | 4.23% | 4.15% | 4.19% | 3.99% | 4.08% | 4.01% | 4.32% | 3.95% |
| █▇▄▁▄▅▆▃ | Return on Assets (%) | 1.30% | 1.21% | 1.07% | 0.88% | 1.07% | 1.10% | 1.16% | 1.02% |
| ▁▂▆█▄▃▄▆ | Efficiency Ratio (%) | 60.1% | 61.9% | 66.3% | 69.3% | 64.6% | 63.1% | 64.0% | 66.0% |
| ▁▁▄▄▇▆█▆ | Cost of Funds (%) | 0.24% | 0.23% | 0.28% | 0.28% | 0.33% | 0.31% | 0.34% | 0.31% |
| ▂▁▁▁▃█▂▁ | NPA / Assets (%) | 0.73% | 0.67% | 0.70% | 0.68% | 0.77% | 0.98% | 0.73% | 0.70% |
| ▁▁▁▁▂█▂▁ | Net Charge-Off Ratio (%) | 0.56% | 0.55% | 0.53% | 0.51% | 0.63% | 1.04% | 0.59% | 0.52% |
| ▁▂▃▃▅▆██ | Tang. Book Value ($M) | $42 | $42 | $43 | $43 | $44 | $44 | $45 | $46 |
| ▄▄▄▅▄▄▁█ | Gross Loans ($M) | $120 | $120 | $120 | $121 | $120 | $120 | $117 | $123 |
| ▁▇▂▂▂█▂▁ | Total Deposits ($M) | $126 | $138 | $128 | $129 | $128 | $140 | $128 | $126 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 42% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 4% |