Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.01% | +0.53 | 1.48% |
| Return on Equity (%) | ▲ | 20.07% | +3.70 | 16.37% |
| Net Interest Margin (%) | ▲ | 4.48% | +0.46 | 4.02% |
| Efficiency Ratio (%) | ▲ | 44.14% | -10.10 | 54.24% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.86 | $2 |
| Cost of Funds (%) | ▲ | 1.64% | -0.17 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $449 | +17.10 | $432 |
| Gross Loans ($M) | ▲ | $319 | +20.51 | $298 |
| Loan Growth YoY (%) | ▲ | 78.35% | +2.86 | 75.49% |
| Total Deposits ($M) | ▲ | $401 | +11.68 | $389 |
| Shareholders Equity ($M) | ▲ | $45 | +5.98 | $39 |
| Tang. Book Value ($M) | ▲ | $45 | +5.98 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +5.89 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 78.35% | +2.86 | 75.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.16 | 0.17% |
| Allowance / Loans (%) | — | 1.47% | -0.02% | 1.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.02 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.17% | +0.65 | 13.52% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▃▅▆█ | Net Interest Margin (%) | 3.89% | 3.93% | 4.02% | 4.02% | 4.10% | 4.19% | 4.31% | 4.48% |
| ▁▁▁▃▂▃▄█ | Return on Assets (%) | 1.33% | 1.30% | 1.32% | 1.48% | 1.43% | 1.56% | 1.58% | 2.01% |
| ███▇█▆▇▁ | Efficiency Ratio (%) | 55.6% | 56.4% | 57.0% | 54.2% | 55.6% | 53.6% | 54.4% | 44.1% |
| ▇██▄▆▅▄▁ | Cost of Funds (%) | 1.97% | 1.98% | 2.02% | 1.81% | 1.89% | 1.85% | 1.80% | 1.64% |
| ██▆▅▅▁▁▁ | NPA / Assets (%) | 0.27% | 0.27% | 0.19% | 0.17% | 0.17% | 0.04% | 0.02% | 0.01% |
| █▇▇▆▅█▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.04% | 0.04% | 0.04% | 0.05% | 0.02% | 0.02% |
| ▁▃▁▃▄▇▇█ | Tang. Book Value ($M) | $35 | $39 | $36 | $39 | $40 | $43 | $43 | $45 |
| ▁▁▁▁▄▅██ | Gross Loans ($M) | $296 | $296 | $295 | $298 | $305 | $308 | $320 | $319 |
| ▃▃▁▆▇▆▄█ | Total Deposits ($M) | $372 | $372 | $359 | $389 | $391 | $385 | $380 | $401 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 13% |