Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.31 | 0.69% |
| Return on Equity (%) | ▲ | 10.58% | +2.72 | 7.86% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.28 | 3.54% |
| Efficiency Ratio (%) | ▲ | 76.61% | -5.02 | 81.63% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.34 | $1 |
| Cost of Funds (%) | ▲ | 0.76% | -0.24 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $496 | +13.92 | $482 |
| Gross Loans ($M) | ▲ | $286 | +15.94 | $270 |
| Loan Growth YoY (%) | ▲ | 62.78% | +2.30 | 60.49% |
| Total Deposits ($M) | ▲ | $446 | +8.94 | $437 |
| Shareholders Equity ($M) | ▲ | $47 | +4.55 | $42 |
| Tang. Book Value ($M) | ▲ | $46 | +4.55 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +4.02 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 62.78% | +2.30 | 60.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.13% | +0.38 | 1.75% |
| Allowance / Loans (%) | — | 2.11% | -0.02% | 2.13% |
| Net Charge-Off Ratio (%) | ▲ | 2.67% | -0.07 | 2.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.35% | -1.41 | 18.75% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▅▆█ | Net Interest Margin (%) | 3.30% | 3.39% | 3.43% | 3.54% | 3.59% | 3.62% | 3.63% | 3.82% |
| ▁▃▄▄▅▅▅█ | Return on Assets (%) | 0.46% | 0.63% | 0.72% | 0.69% | 0.76% | 0.75% | 0.74% | 1.00% |
| █▄▄▆▄▂▂▁ | Efficiency Ratio (%) | 83.7% | 80.1% | 79.4% | 81.6% | 79.5% | 77.8% | 77.8% | 76.6% |
| ██▄▅▅▅▄▁ | Cost of Funds (%) | 1.19% | 1.19% | 0.96% | 1.00% | 1.00% | 1.00% | 0.93% | 0.76% |
| ██▄▁▂▅▅▅ | NPA / Assets (%) | 2.40% | 2.46% | 2.10% | 1.75% | 1.92% | 2.12% | 2.19% | 2.13% |
| █▆▂▁▃▄▅▁ | Net Charge-Off Ratio (%) | 4.06% | 3.67% | 3.01% | 2.75% | 3.04% | 3.32% | 3.38% | 2.67% |
| ▁▄▃▅▅▇██ | Tang. Book Value ($M) | $36 | $41 | $39 | $42 | $42 | $44 | $45 | $46 |
| ▅▇▅▂▁▂▇█ | Gross Loans ($M) | $277 | $283 | $278 | $270 | $267 | $271 | $282 | $286 |
| ▄▁▁▇▅▅▅█ | Total Deposits ($M) | $418 | $400 | $403 | $437 | $428 | $423 | $426 | $446 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 14% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 2% |