Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.77% | +0.14 | 1.64% |
| Return on Equity (%) | ▼ | 12.29% | -0.08 | 12.37% |
| Net Interest Margin (%) | ▲ | 4.55% | +0.26 | 4.29% |
| Efficiency Ratio (%) | ▲ | 47.02% | -2.23 | 49.25% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.41 | $2 |
| Cost of Funds (%) | ▼ | 1.18% | +0.15 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $451 | +26.06 | $425 |
| Gross Loans ($M) | ▲ | $323 | +35.07 | $288 |
| Loan Growth YoY (%) | ▲ | 89.98% | +9.28 | 80.70% |
| Total Deposits ($M) | ▲ | $355 | +2.36 | $352 |
| Shareholders Equity ($M) | ▲ | $66 | +8.59 | $57 |
| Tang. Book Value ($M) | ▲ | $64 | +8.60 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +8.43 | $60 |
| Loan / Deposit Ratio (%) | ▲ | 89.98% | +9.28 | 80.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.88% | +0.24 | 0.64% |
| Allowance / Loans (%) | — | 1.22% | -0.06% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 1.23% | +0.28 | 0.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.67% | -0.19 | 20.86% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▆▇▇█ | Net Interest Margin (%) | 4.17% | 4.21% | 4.26% | 4.29% | 4.44% | 4.47% | 4.50% | 4.55% |
| ▁▂▆▄▅▇█▆ | Return on Assets (%) | 1.46% | 1.53% | 1.75% | 1.64% | 1.71% | 1.78% | 1.89% | 1.77% |
| ██▃▆▄▃▁▃ | Efficiency Ratio (%) | 51.1% | 50.3% | 47.0% | 49.2% | 47.9% | 46.6% | 45.0% | 47.0% |
| ▆▆▂▁▁▁█▆ | Cost of Funds (%) | 1.18% | 1.17% | 1.08% | 1.03% | 1.03% | 1.05% | 1.24% | 1.18% |
| ▁▂▆▄▅███ | NPA / Assets (%) | 0.41% | 0.53% | 0.80% | 0.64% | 0.69% | 0.90% | 0.94% | 0.88% |
| ▁▂▇▄▅███ | Net Charge-Off Ratio (%) | 0.59% | 0.77% | 1.16% | 0.95% | 0.96% | 1.26% | 1.31% | 1.23% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $51 | $54 | $53 | $56 | $58 | $61 | $63 | $64 |
| ▁▂▂▂▄▇██ | Gross Loans ($M) | $278 | $285 | $287 | $288 | $299 | $317 | $320 | $323 |
| ▁▃▅▇▄▄██ | Total Deposits ($M) | $340 | $344 | $348 | $352 | $346 | $346 | $353 | $355 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 4% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 7% |