Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.15 | 1.76% |
| Return on Equity (%) | ▼ | 23.06% | -0.48 | 23.54% |
| Net Interest Margin (%) | ▲ | 4.81% | +0.33 | 4.48% |
| Efficiency Ratio (%) | ▲ | 61.43% | -0.99 | 62.42% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $1 |
| Cost of Funds (%) | ▲ | 1.13% | -0.07 | 1.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $143 | +9.19 | $134 |
| Gross Loans ($M) | ▲ | $101 | +17.75 | $84 |
| Loan Growth YoY (%) | ▲ | 76.47% | +9.52 | 66.95% |
| Total Deposits ($M) | ▲ | $131 | +7.84 | $123 |
| Shareholders Equity ($M) | ▲ | $12 | +1.37 | $10 |
| Tang. Book Value ($M) | ▲ | $11 | +1.40 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +1.15 | $12 |
| Loan / Deposit Ratio (%) | ▲ | 76.47% | +9.52 | 66.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.10 | 0.52% |
| Allowance / Loans (%) | — | 1.36% | -0.23% | 1.59% |
| Net Charge-Off Ratio (%) | ▲ | 0.59% | -0.25 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.82% | -1.65 | 19.47% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▄▄▁▅▇█▆ | Net Interest Margin (%) | 4.56% | 4.68% | 4.65% | 4.48% | 4.72% | 4.85% | 4.92% | 4.81% |
| ▃▃▂▁▆██▅ | Return on Assets (%) | 1.84% | 1.84% | 1.80% | 1.76% | 1.95% | 2.02% | 2.01% | 1.91% |
| ▅▇█▆▁▁▂▄ | Efficiency Ratio (%) | 61.9% | 62.8% | 63.3% | 62.4% | 60.3% | 60.0% | 60.7% | 61.4% |
| ▁▂▁▇█▁▁▁ | Cost of Funds (%) | 1.12% | 1.14% | 1.13% | 1.20% | 1.22% | 1.12% | 1.12% | 1.13% |
| ▁▁█▆▄▃▁▁ | NPA / Assets (%) | 0.42% | 0.42% | 0.57% | 0.52% | 0.47% | 0.45% | 0.40% | 0.42% |
| ▃▂█▆▃▂▁▁ | Net Charge-Off Ratio (%) | 0.67% | 0.66% | 0.96% | 0.84% | 0.69% | 0.65% | 0.57% | 0.59% |
| ▁▆▁▃▄███ | Tang. Book Value ($M) | $9 | $11 | $9 | $10 | $10 | $11 | $12 | $11 |
| ▁▁▁▃▄▅▇█ | Gross Loans ($M) | $75 | $75 | $77 | $84 | $87 | $89 | $97 | $101 |
| ▂▁▅▆▄▄▆█ | Total Deposits ($M) | $109 | $106 | $120 | $123 | $118 | $116 | $123 | $131 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 3% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 8% |