Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.07 | 1.41% |
| Return on Equity (%) | ▼ | 18.07% | -1.54 | 19.61% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.24 | 3.76% |
| Efficiency Ratio (%) | ▼ | 63.87% | +0.58 | 63.29% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.27 | $3 |
| Cost of Funds (%) | ▲ | 1.15% | -0.06 | 1.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $838 | +33.09 | $805 |
| Gross Loans ($M) | ▲ | $611 | +30.24 | $580 |
| Loan Growth YoY (%) | ▲ | 79.09% | +1.53 | 77.57% |
| Total Deposits ($M) | ▲ | $765 | +23.26 | $742 |
| Shareholders Equity ($M) | ▲ | $67 | +9.08 | $58 |
| Tang. Book Value ($M) | ▲ | $67 | +9.08 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +8.79 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 79.09% | +1.53 | 77.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.15 | 0.03% |
| Allowance / Loans (%) | — | 0.89% | 0.04% | 0.84% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.07 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.98% | -0.42 | 12.40% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 3.45% | 3.49% | 3.55% | 3.76% | 3.80% | 3.84% | 3.88% | 4.00% |
| ▃▄▃▇▆▄▁█ | Return on Assets (%) | 1.23% | 1.26% | 1.22% | 1.41% | 1.35% | 1.27% | 1.12% | 1.48% |
| █▇█▃▁▁▁▃ | Efficiency Ratio (%) | 67.1% | 66.0% | 67.2% | 63.3% | 62.1% | 61.9% | 62.2% | 63.9% |
| ▄▃▁▂▇█▃▁ | Cost of Funds (%) | 1.25% | 1.22% | 1.15% | 1.21% | 1.33% | 1.39% | 1.24% | 1.15% |
| ▁▁▁▁▇█▄▃ | NPA / Assets (%) | 0.01% | 0.05% | 0.03% | 0.03% | 0.40% | 0.52% | 0.21% | 0.17% |
| ▁▁▁▁▇█▄▂ | Net Charge-Off Ratio (%) | 0.02% | 0.07% | 0.04% | 0.03% | 0.55% | 0.72% | 0.28% | 0.10% |
| ▁▅▂▃▄▇█▇ | Tang. Book Value ($M) | $53 | $62 | $56 | $58 | $60 | $66 | $69 | $67 |
| ▁▁▄▆▇███ | Gross Loans ($M) | $519 | $531 | $555 | $580 | $594 | $600 | $610 | $611 |
| ▃▅▁▇█▇▅█ | Total Deposits ($M) | $680 | $703 | $635 | $742 | $759 | $741 | $716 | $765 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 19% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 14% |