Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.17 | 1.18% |
| Return on Equity (%) | ▲ | 16.58% | +0.22 | 16.36% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.13 | 3.88% |
| Efficiency Ratio (%) | ▲ | 63.28% | -1.50 | 64.78% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.19 | $2 |
| Cost of Funds (%) | ▲ | 2.06% | -0.13 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $583 | +16.62 | $567 |
| Gross Loans ($M) | ▲ | $485 | +22.51 | $462 |
| Loan Growth YoY (%) | ▲ | 96.09% | +2.36 | 93.73% |
| Total Deposits ($M) | ▲ | $497 | +10.85 | $486 |
| Shareholders Equity ($M) | ▲ | $47 | +4.93 | $42 |
| Tang. Book Value ($M) | ▲ | $46 | +4.86 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +4.57 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 96.09% | +2.36 | 93.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.04% | -0.21 | 2.25% |
| Allowance / Loans (%) | — | 1.45% | 0.06% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 2.45% | -0.30 | 2.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.58% | 3.61% | 3.64% | 3.88% | 3.93% | 3.96% | 3.99% | 4.01% |
| ▃▄▁▆▇███ | Return on Assets (%) | 0.95% | 1.02% | 0.70% | 1.18% | 1.26% | 1.34% | 1.37% | 1.35% |
| █▇▅▄▃▁▁▂ | Efficiency Ratio (%) | 67.8% | 66.6% | 65.5% | 64.8% | 63.5% | 62.3% | 61.8% | 63.3% |
| ▇█▇▃▁▂▂▁ | Cost of Funds (%) | 2.37% | 2.47% | 2.40% | 2.19% | 2.08% | 2.14% | 2.16% | 2.06% |
| █▇▂▃▄▃▁▁ | NPA / Assets (%) | 2.64% | 2.54% | 2.12% | 2.25% | 2.29% | 2.22% | 2.08% | 2.04% |
| █▇▂▃▄▃▁▁ | Net Charge-Off Ratio (%) | 3.28% | 3.16% | 2.64% | 2.75% | 2.77% | 2.73% | 2.54% | 2.45% |
| ▁▅▁▃▄▇██ | Tang. Book Value ($M) | $39 | $43 | $39 | $41 | $42 | $45 | $46 | $46 |
| ▂▄▁▂▁▄▁█ | Gross Loans ($M) | $463 | $468 | $459 | $462 | $458 | $469 | $459 | $485 |
| ▅▅▂▆▂▅▁█ | Total Deposits ($M) | $484 | $481 | $470 | $486 | $471 | $484 | $463 | $497 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 18% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 11% |