Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.67% | +0.14 | 0.53% |
| Return on Equity (%) | ▲ | 7.22% | +1.19 | 6.03% |
| Net Interest Margin (%) | ▲ | 4.19% | +0.47 | 3.72% |
| Efficiency Ratio (%) | ▲ | 79.49% | -2.81 | 82.30% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $1 |
| Cost of Funds (%) | ▲ | 1.52% | -0.10 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $409 | +18.53 | $390 |
| Gross Loans ($M) | ▲ | $304 | +28.45 | $276 |
| Loan Growth YoY (%) | ▲ | 81.76% | +4.49 | 77.27% |
| Total Deposits ($M) | ▲ | $368 | +15.50 | $353 |
| Shareholders Equity ($M) | ▲ | $38 | +2.49 | $35 |
| Tang. Book Value ($M) | ▲ | $38 | +2.49 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +2.00 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 81.76% | +4.49 | 77.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.01 | 0.20% |
| Allowance / Loans (%) | — | 1.04% | -0.14% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.19 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -13.65 | 13.65% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▆▇██ | Net Interest Margin (%) | 3.42% | 3.50% | 3.57% | 3.72% | 3.98% | 4.13% | 4.23% | 4.19% |
| ▁▁▂▂▅██▅ | Return on Assets (%) | 0.47% | 0.48% | 0.53% | 0.53% | 0.64% | 0.77% | 0.80% | 0.67% |
| ██▆▆▄▁▁▃ | Efficiency Ratio (%) | 85.1% | 84.5% | 82.5% | 82.3% | 79.7% | 76.4% | 76.2% | 79.5% |
| ▆█▆▆▂▁▂▄ | Cost of Funds (%) | 1.65% | 1.74% | 1.64% | 1.62% | 1.45% | 1.38% | 1.46% | 1.52% |
| ▁█▃▁▅▁▁▁ | NPA / Assets (%) | 0.18% | 0.62% | 0.32% | 0.20% | 0.43% | 0.23% | 0.22% | 0.21% |
| ▁█▃▄█▂▂▂ | Net Charge-Off Ratio (%) | 0.02% | 0.61% | 0.23% | 0.29% | 0.58% | 0.10% | 0.10% | 0.10% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $33 | $34 | $34 | $35 | $36 | $37 | $37 | $38 |
| ▁▂▁▁▃▆██ | Gross Loans ($M) | $274 | $279 | $273 | $276 | $282 | $293 | $303 | $304 |
| ▂▂█▄▁▂▅█ | Total Deposits ($M) | $348 | $346 | $369 | $353 | $341 | $347 | $358 | $368 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 10% |