Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.86% | +0.15 | 0.70% |
| Return on Equity (%) | ▲ | 11.46% | +0.24 | 11.22% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.13 | 3.08% |
| Efficiency Ratio (%) | ▼ | 72.95% | +0.10 | 72.85% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.16 | $2 |
| Cost of Funds (%) | ▲ | 0.99% | -0.01 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $887 | +11.56 | $876 |
| Gross Loans ($M) | ▲ | $461 | +18.06 | $443 |
| Loan Growth YoY (%) | ▲ | 55.57% | +1.82 | 53.75% |
| Total Deposits ($M) | ▲ | $818 | +5.56 | $813 |
| Shareholders Equity ($M) | ▲ | $66 | +10.19 | $56 |
| Tang. Book Value ($M) | ▲ | $66 | +10.20 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $83 | +9.86 | $73 |
| Loan / Deposit Ratio (%) | ▲ | 55.57% | +1.82 | 53.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.03 | 0.04% |
| Allowance / Loans (%) | — | 1.35% | -0.02% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.05 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.91% | +0.11 | 18.80% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▇▁▄▆█▇ | Net Interest Margin (%) | 3.22% | 3.20% | 3.23% | 3.08% | 3.15% | 3.19% | 3.25% | 3.21% |
| ▆▇█▁▂▃▅▇ | Return on Assets (%) | 0.84% | 0.85% | 0.89% | 0.70% | 0.74% | 0.76% | 0.81% | 0.86% |
| ▂▂▁██▇▄█ | Efficiency Ratio (%) | 69.9% | 69.8% | 69.2% | 72.8% | 73.2% | 72.5% | 71.0% | 72.9% |
| ▂█▄▄▅▆▁▃ | Cost of Funds (%) | 0.98% | 1.06% | 1.01% | 1.00% | 1.02% | 1.03% | 0.96% | 0.99% |
| █▆▄▄▄▁▁▁ | NPA / Assets (%) | 0.07% | 0.05% | 0.04% | 0.04% | 0.04% | 0.01% | 0.01% | 0.01% |
| █▆▅▄▄▁▁▁ | Net Charge-Off Ratio (%) | 0.13% | 0.10% | 0.08% | 0.08% | 0.07% | 0.02% | 0.02% | 0.02% |
| ▁▅▃▃▃▆██ | Tang. Book Value ($M) | $51 | $60 | $55 | $56 | $56 | $62 | $67 | $66 |
| ▂▂▁▁▅███ | Gross Loans ($M) | $447 | $447 | $443 | $443 | $453 | $460 | $459 | $461 |
| ▅▇█▄▁█▃▅ | Total Deposits ($M) | $817 | $830 | $836 | $813 | $797 | $836 | $807 | $818 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 2% |