Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.23 | 0.80% |
| Return on Equity (%) | ▲ | 10.84% | +1.40 | 9.44% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.47 | 3.53% |
| Efficiency Ratio (%) | ▲ | 64.35% | -6.92 | 71.26% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.88 | $2 |
| Cost of Funds (%) | ▲ | 1.53% | -0.28 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $765 | +4.02 | $761 |
| Gross Loans ($M) | ▲ | $543 | +8.60 | $534 |
| Loan Growth YoY (%) | ▲ | 77.90% | +1.56 | 76.34% |
| Total Deposits ($M) | ▼ | $686 | -3.66 | $690 |
| Shareholders Equity ($M) | ▲ | $74 | +7.19 | $67 |
| Tang. Book Value ($M) | ▲ | $74 | +7.19 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +7.06 | $75 |
| Loan / Deposit Ratio (%) | ▲ | 77.90% | +1.56 | 76.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.16 | 0.05% |
| Allowance / Loans (%) | — | 1.46% | 0.11% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.22 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▄▆▇█ | Net Interest Margin (%) | 3.55% | 3.54% | 3.52% | 3.53% | 3.71% | 3.83% | 3.91% | 4.01% |
| ▅▆▅▁▅▇██ | Return on Assets (%) | 0.94% | 0.97% | 0.96% | 0.80% | 0.95% | 1.02% | 1.05% | 1.03% |
| ▃▂▂█▅▂▁▁ | Efficiency Ratio (%) | 66.7% | 65.6% | 66.0% | 71.3% | 67.8% | 65.8% | 64.7% | 64.3% |
| ▅▆█▆▃▁▁▁ | Cost of Funds (%) | 1.75% | 1.87% | 1.98% | 1.81% | 1.69% | 1.58% | 1.52% | 1.53% |
| ▆▁▁▂▃▅█▇ | NPA / Assets (%) | 0.15% | 0.00% | 0.00% | 0.05% | 0.08% | 0.13% | 0.23% | 0.20% |
| ▆▁▁▂▃▅█▇ | Net Charge-Off Ratio (%) | 0.21% | 0.00% | 0.00% | 0.06% | 0.11% | 0.18% | 0.33% | 0.29% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $62 | $66 | $64 | $67 | $69 | $71 | $73 | $74 |
| ▃▁▂▃▄▆█▅ | Gross Loans ($M) | $535 | $526 | $533 | $534 | $540 | $544 | $554 | $543 |
| ▄██▆▁▃█▅ | Total Deposits ($M) | $682 | $701 | $703 | $690 | $667 | $680 | $699 | $686 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 32% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 17% |