Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.56 | 0.74% |
| Return on Equity (%) | ▲ | 13.04% | +5.14 | 7.90% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.44 | 3.74% |
| Efficiency Ratio (%) | ▲ | 61.52% | -6.96 | 68.48% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.29 | $3 |
| Cost of Funds (%) | ▲ | 1.43% | -0.17 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,004 | +35.45 | $969 |
| Gross Loans ($M) | ▲ | $811 | +27.58 | $783 |
| Loan Growth YoY (%) | ▼ | 94.65% | -0.71 | 95.36% |
| Total Deposits ($M) | ▲ | $846 | +34.53 | $812 |
| Shareholders Equity ($M) | ▲ | $100 | +10.06 | $90 |
| Tang. Book Value ($M) | ▲ | $100 | +10.26 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $103 | +10.34 | $92 |
| Loan / Deposit Ratio (%) | ▼ | 94.65% | -0.71 | 95.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.05 | 0.09% |
| Allowance / Loans (%) | — | 1.21% | 0.04% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.06 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▅█ | Net Interest Margin (%) | 3.69% | 3.73% | 3.75% | 3.74% | 3.84% | 3.90% | 3.99% | 4.18% |
| ▁▂▂▁▂▄▅█ | Return on Assets (%) | 0.80% | 0.88% | 0.85% | 0.74% | 0.83% | 1.01% | 1.06% | 1.30% |
| █▇▇▇▅▁▁▁ | Efficiency Ratio (%) | 70.7% | 68.9% | 69.3% | 68.5% | 66.9% | 62.6% | 61.7% | 61.5% |
| ██▆▄▅▇▃▁ | Cost of Funds (%) | 1.81% | 1.80% | 1.71% | 1.60% | 1.64% | 1.74% | 1.54% | 1.43% |
| █▄█▅▂▃▄▁ | NPA / Assets (%) | 0.12% | 0.08% | 0.12% | 0.09% | 0.06% | 0.07% | 0.07% | 0.04% |
| █▄█▅▂▃▃▁ | Net Charge-Off Ratio (%) | 0.14% | 0.09% | 0.14% | 0.11% | 0.07% | 0.08% | 0.09% | 0.05% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $85 | $88 | $89 | $90 | $92 | $96 | $98 | $100 |
| ▁▁▂▄▇███ | Gross Loans ($M) | $759 | $757 | $769 | $783 | $803 | $812 | $814 | $811 |
| ▁▂▄▆▇▇▇█ | Total Deposits ($M) | $751 | $768 | $791 | $812 | $826 | $826 | $833 | $846 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 3% |
| Consumer | 31% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 4% |