Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.32% | -0.94 | 1.26% |
| Return on Equity (%) | ▼ | 2.94% | -9.91 | 12.85% |
| Net Interest Margin (%) | ▲ | 3.79% | +0.45 | 3.34% |
| Efficiency Ratio (%) | ▼ | 86.92% | +35.35 | 51.57% |
| Pre-Provision Profit ($M) | ▼ | $1 | -1.86 | $3 |
| Cost of Funds (%) | ▲ | 2.02% | -0.20 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $612 | +15.15 | $597 |
| Gross Loans ($M) | ▲ | $449 | +45.30 | $404 |
| Loan Growth YoY (%) | ▲ | 82.57% | +6.82 | 75.75% |
| Total Deposits ($M) | ▲ | $537 | +11.15 | $526 |
| Shareholders Equity ($M) | ▲ | $67 | +7.14 | $60 |
| Tang. Book Value ($M) | ▲ | $67 | +7.14 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +6.77 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 82.57% | +6.82 | 75.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.02 | 0.03% |
| Allowance / Loans (%) | — | 1.26% | -0.09% | 1.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.00 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.98% | -0.24 | 15.22% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▃▄▆█ | Net Interest Margin (%) | 3.30% | 3.35% | 3.37% | 3.34% | 3.42% | 3.53% | 3.62% | 3.79% |
| ▆▆▇████▁ | Return on Assets (%) | 1.00% | 1.04% | 1.12% | 1.26% | 1.20% | 1.25% | 1.30% | 0.32% |
| ▂▁▁▁▁▁▁█ | Efficiency Ratio (%) | 57.4% | 56.0% | 55.1% | 51.6% | 53.1% | 53.6% | 54.4% | 86.9% |
| ▄█▇▅▄▄▃▁ | Cost of Funds (%) | 2.19% | 2.37% | 2.31% | 2.22% | 2.17% | 2.15% | 2.12% | 2.02% |
| ▅▄▄█▅▅▁▃ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.03% | 0.01% | 0.01% | 0.00% | 0.01% |
| ██▇▇▁▁▁▆ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.01% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $54 | $57 | $57 | $60 | $61 | $64 | $67 | $67 |
| ▁▂▃▂▃▆▇█ | Gross Loans ($M) | $391 | $404 | $409 | $404 | $408 | $433 | $437 | $449 |
| ▁▃▇▇▇███ | Total Deposits ($M) | $475 | $491 | $527 | $526 | $528 | $535 | $540 | $537 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 19% |