Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.40 | 0.80% |
| Return on Equity (%) | ▲ | 17.16% | +4.03 | 13.13% |
| Net Interest Margin (%) | ▲ | 3.10% | +0.31 | 2.79% |
| Efficiency Ratio (%) | ▲ | 50.75% | -13.14 | 63.89% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.82 | $1 |
| Cost of Funds (%) | ▲ | 2.75% | -0.48 | 3.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $571 | +34.59 | $536 |
| Gross Loans ($M) | ▲ | $441 | +20.16 | $421 |
| Loan Growth YoY (%) | ▼ | 90.30% | -3.48 | 93.78% |
| Total Deposits ($M) | ▲ | $486 | +39.38 | $447 |
| Shareholders Equity ($M) | ▲ | $40 | +6.81 | $33 |
| Tang. Book Value ($M) | ▲ | $40 | +6.81 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +6.61 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 90.30% | -3.48 | 93.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.20 | 0.21% |
| Allowance / Loans (%) | — | 0.50% | 0.01% | 0.48% |
| Net Charge-Off Ratio (%) | ▼ | 0.53% | +0.26 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.43% | +0.78 | 10.65% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇▇█ | Net Interest Margin (%) | 2.12% | 2.22% | 2.34% | 2.79% | 2.88% | 2.87% | 2.91% | 3.10% |
| ▁▁▂▄▅▆▆█ | Return on Assets (%) | 0.39% | 0.44% | 0.57% | 0.80% | 0.87% | 0.94% | 0.94% | 1.20% |
| ██▇▅▃▃▃▁ | Efficiency Ratio (%) | 75.9% | 74.3% | 70.8% | 63.9% | 59.9% | 57.3% | 58.3% | 50.8% |
| █▇▆▅▄▄▃▁ | Cost of Funds (%) | 3.61% | 3.48% | 3.33% | 3.23% | 3.17% | 3.18% | 3.00% | 2.75% |
| ▁▁▂▄▂█▂█ | NPA / Assets (%) | 0.04% | 0.04% | 0.11% | 0.21% | 0.11% | 0.37% | 0.12% | 0.41% |
| ▁▁▂▄▂▇▂█ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.14% | 0.27% | 0.14% | 0.47% | 0.15% | 0.53% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $29 | $32 | $31 | $33 | $34 | $37 | $39 | $40 |
| ▁▂▅▆▆▇██ | Gross Loans ($M) | $385 | $393 | $415 | $421 | $427 | $434 | $439 | $441 |
| ▁▃▅▆▆▇▇█ | Total Deposits ($M) | $367 | $406 | $433 | $447 | $448 | $461 | $471 | $486 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 21% |