Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.41% | +0.12 | 0.29% |
| Return on Equity (%) | ▲ | 4.37% | +0.96 | 3.41% |
| Net Interest Margin (%) | ▲ | 3.28% | +0.25 | 3.04% |
| Efficiency Ratio (%) | ▲ | 84.03% | -4.59 | 88.62% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.36 | $1 |
| Cost of Funds (%) | ▲ | 1.72% | -0.25 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $720 | +25.16 | $694 |
| Gross Loans ($M) | ▲ | $516 | +17.04 | $499 |
| Loan Growth YoY (%) | ▲ | 79.22% | +0.24 | 78.98% |
| Total Deposits ($M) | ▲ | $645 | +19.40 | $626 |
| Shareholders Equity ($M) | ▲ | $67 | +6.40 | $61 |
| Tang. Book Value ($M) | ▲ | $67 | +6.40 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +7.03 | $67 |
| Loan / Deposit Ratio (%) | ▲ | 79.22% | +0.24 | 78.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.13 | 0.25% |
| Allowance / Loans (%) | — | 0.98% | 0.00% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.13 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.08% | +0.29 | 12.80% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▂▁▃▅▇█ | Net Interest Margin (%) | 3.14% | 3.11% | 3.08% | 3.04% | 3.10% | 3.19% | 3.23% | 3.28% |
| ▅▅▅▁▁▆█▆ | Return on Assets (%) | 0.40% | 0.40% | 0.39% | 0.29% | 0.31% | 0.42% | 0.48% | 0.41% |
| ▂▂▃█▆▂▁▃ | Efficiency Ratio (%) | 82.9% | 83.3% | 83.6% | 88.6% | 86.4% | 83.1% | 81.7% | 84.0% |
| ▄▇█▆▄▂▃▁ | Cost of Funds (%) | 1.86% | 2.01% | 2.06% | 1.98% | 1.85% | 1.80% | 1.81% | 1.72% |
| █▇▁▁▁▂▁▄ | NPA / Assets (%) | 0.66% | 0.56% | 0.23% | 0.25% | 0.22% | 0.27% | 0.20% | 0.38% |
| █▇▁▁▁▂▁▃ | Net Charge-Off Ratio (%) | 0.90% | 0.78% | 0.32% | 0.35% | 0.30% | 0.38% | 0.28% | 0.48% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $56 | $60 | $58 | $61 | $62 | $65 | $67 | $67 |
| ▁▁▅▁▆▅██ | Gross Loans ($M) | $499 | $499 | $508 | $499 | $510 | $508 | $515 | $516 |
| ▃▁▃▅▅███ | Total Deposits ($M) | $614 | $601 | $616 | $626 | $625 | $643 | $640 | $645 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 8% |