Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.79% | +0.15 | 0.65% |
| Return on Equity (%) | ▲ | 10.46% | +1.20 | 9.26% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.31 | 3.63% |
| Efficiency Ratio (%) | ▲ | 73.84% | -2.38 | 76.22% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.51 | $2 |
| Cost of Funds (%) | ▲ | 0.98% | -0.11 | 1.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $849 | +48.15 | $801 |
| Gross Loans ($M) | ▲ | $619 | +25.65 | $593 |
| Loan Growth YoY (%) | ▼ | 78.91% | -0.83 | 79.74% |
| Total Deposits ($M) | ▲ | $777 | +40.10 | $737 |
| Shareholders Equity ($M) | ▲ | $64 | +7.96 | $57 |
| Tang. Book Value ($M) | ▲ | $64 | +7.96 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +9.34 | $62 |
| Loan / Deposit Ratio (%) | ▼ | 78.91% | -0.83 | 79.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.16 | 0.23% |
| Allowance / Loans (%) | — | 0.97% | -0.03% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.53% | +0.22 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.57% | +0.60 | 12.97% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 3.42% | 3.42% | 3.45% | 3.63% | 3.71% | 3.77% | 3.82% | 3.94% |
| ▂▃▄▁▄▆██ | Return on Assets (%) | 0.67% | 0.70% | 0.71% | 0.65% | 0.72% | 0.75% | 0.78% | 0.79% |
| ▆▅▅█▅▄▁▃ | Efficiency Ratio (%) | 75.3% | 74.8% | 74.6% | 76.2% | 74.8% | 74.2% | 72.9% | 73.8% |
| ▆██▄▅▄▃▁ | Cost of Funds (%) | 1.12% | 1.20% | 1.21% | 1.08% | 1.10% | 1.08% | 1.05% | 0.98% |
| ▃▃▄▂▁▁██ | NPA / Assets (%) | 0.25% | 0.25% | 0.26% | 0.23% | 0.17% | 0.20% | 0.40% | 0.38% |
| ▃▃▃▂▁▁██ | Net Charge-Off Ratio (%) | 0.33% | 0.33% | 0.34% | 0.31% | 0.23% | 0.27% | 0.55% | 0.53% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $51 | $55 | $54 | $57 | $58 | $61 | $63 | $64 |
| ▂▁▁▂▄▆▆█ | Gross Loans ($M) | $593 | $589 | $591 | $593 | $602 | $610 | $608 | $619 |
| ▁▃▃▅▅▆██ | Total Deposits ($M) | $683 | $708 | $717 | $737 | $738 | $751 | $767 | $777 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 6% |
| Consumer | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 4% |