Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.70% | -0.12 | 0.82% |
| Return on Equity (%) | ▼ | 8.80% | -3.49 | 12.29% |
| Net Interest Margin (%) | ▲ | 3.22% | +0.10 | 3.12% |
| Efficiency Ratio (%) | ▼ | 73.39% | +6.83 | 66.56% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.46 | $2 |
| Cost of Funds (%) | ▼ | 1.34% | +0.08 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $597 | -41.33 | $639 |
| Gross Loans ($M) | ▲ | $370 | +32.71 | $337 |
| Loan Growth YoY (%) | ▲ | 67.01% | +10.11 | 56.90% |
| Total Deposits ($M) | ▼ | $546 | -40.63 | $586 |
| Shareholders Equity ($M) | ▲ | $47 | +4.47 | $43 |
| Tang. Book Value ($M) | ▲ | $47 | +4.51 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +4.32 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 67.01% | +10.11 | 56.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.01 | 0.03% |
| Allowance / Loans (%) | — | 1.12% | 0.09% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.02 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.59% | -0.29 | 14.88% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▁▅▁▆██▄ | Net Interest Margin (%) | 3.21% | 3.09% | 3.24% | 3.12% | 3.27% | 3.34% | 3.36% | 3.22% |
| █▆▇▃▇█▇▁ | Return on Assets (%) | 1.07% | 0.96% | 1.03% | 0.82% | 0.99% | 1.08% | 1.00% | 0.70% |
| ▃▄▄▄▁▁▃█ | Efficiency Ratio (%) | 65.4% | 67.8% | 66.5% | 66.6% | 62.8% | 62.2% | 65.2% | 73.4% |
| █▃▆▃▁▇▆▅ | Cost of Funds (%) | 1.45% | 1.26% | 1.38% | 1.26% | 1.18% | 1.40% | 1.38% | 1.34% |
| █▁▂▂▁▂▁▁ | NPA / Assets (%) | 0.06% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| █▃▄▃▂▂▁▁ | Net Charge-Off Ratio (%) | 0.10% | 0.06% | 0.06% | 0.06% | 0.05% | 0.06% | 0.05% | 0.04% |
| ▁▂▃▄▆███ | Tang. Book Value ($M) | $39 | $41 | $42 | $43 | $44 | $46 | $47 | $47 |
| ▁▁▂▃▄▆▆█ | Gross Loans ($M) | $319 | $319 | $327 | $337 | $344 | $352 | $354 | $370 |
| ▁▇▆▇█▄▃▄ | Total Deposits ($M) | $492 | $587 | $576 | $586 | $605 | $540 | $532 | $546 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 3% |