Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.49 | 1.16% |
| Return on Equity (%) | ▲ | 18.56% | +5.08 | 13.48% |
| Net Interest Margin (%) | ▲ | 3.14% | +0.47 | 2.67% |
| Efficiency Ratio (%) | ▲ | 47.35% | -9.24 | 56.60% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.75 | $1 |
| Cost of Funds (%) | ▲ | 2.30% | -0.18 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $475 | +49.78 | $426 |
| Gross Loans ($M) | ▲ | $392 | +49.47 | $343 |
| Loan Growth YoY (%) | ▲ | 100.33% | +5.27 | 95.06% |
| Total Deposits ($M) | ▲ | $387 | +30.11 | $357 |
| Shareholders Equity ($M) | ▲ | $43 | +5.36 | $37 |
| Tang. Book Value ($M) | ▲ | $42 | +5.41 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +5.50 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 100.33% | +5.27 | 95.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.03 | 0.28% |
| Allowance / Loans (%) | — | 0.98% | -0.01% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.01 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.80% | -0.89 | 12.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.26% | 2.28% | 2.36% | 2.67% | 2.71% | 2.83% | 2.85% | 3.14% |
| ▁▁▁▄▄▅▅█ | Return on Assets (%) | 0.80% | 0.85% | 0.89% | 1.16% | 1.17% | 1.23% | 1.24% | 1.65% |
| ██▇▅▅▄▃▁ | Efficiency Ratio (%) | 64.4% | 63.0% | 62.3% | 56.6% | 56.5% | 55.3% | 53.5% | 47.4% |
| ▇█▆▃▄▁▄▁ | Cost of Funds (%) | 2.87% | 2.98% | 2.79% | 2.48% | 2.57% | 2.32% | 2.61% | 2.30% |
| ▁▁▃▇██▇█ | NPA / Assets (%) | 0.00% | 0.03% | 0.09% | 0.28% | 0.33% | 0.30% | 0.28% | 0.31% |
| ▁▁▃▇██▇█ | Net Charge-Off Ratio (%) | 0.00% | 0.04% | 0.11% | 0.35% | 0.40% | 0.39% | 0.35% | 0.36% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $33 | $36 | $35 | $37 | $38 | $40 | $41 | $42 |
| ▁▁▁▂▃▄▇█ | Gross Loans ($M) | $337 | $333 | $340 | $343 | $355 | $361 | $384 | $392 |
| ▁▃▄▄▃▇██ | Total Deposits ($M) | $334 | $352 | $355 | $357 | $353 | $377 | $386 | $387 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 21% |