Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.13 | 0.67% |
| Return on Equity (%) | ▲ | 7.62% | +0.85 | 6.77% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.14 | 3.86% |
| Efficiency Ratio (%) | ▲ | 73.48% | -0.16 | 73.64% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.14 | $2 |
| Cost of Funds (%) | ▲ | 1.08% | -0.02 | 1.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $883 | +24.91 | $859 |
| Gross Loans ($M) | ▲ | $527 | +22.88 | $504 |
| Loan Growth YoY (%) | ▲ | 66.12% | +1.38 | 64.74% |
| Total Deposits ($M) | ▲ | $785 | +17.76 | $767 |
| Shareholders Equity ($M) | ▲ | $93 | +6.89 | $86 |
| Tang. Book Value ($M) | ▲ | $93 | +6.94 | $86 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +9.76 | $95 |
| Loan / Deposit Ratio (%) | ▲ | 66.12% | +1.38 | 64.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.26 | 0.01% |
| Allowance / Loans (%) | — | 1.50% | 0.05% | 1.45% |
| Net Charge-Off Ratio (%) | ▼ | 0.45% | +0.43 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.98% | -0.47 | 17.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▂▃▄▄ | Net Interest Margin (%) | 4.21% | 4.22% | 4.16% | 3.86% | 3.95% | 3.97% | 4.01% | 4.00% |
| █▆▄▁▂▂▁▃ | Return on Assets (%) | 1.18% | 1.02% | 0.91% | 0.67% | 0.78% | 0.75% | 0.69% | 0.80% |
| ▁▃▄█████ | Efficiency Ratio (%) | 52.9% | 58.9% | 63.2% | 73.6% | 72.7% | 73.8% | 75.1% | 73.5% |
| ▁▇▆▆▆█▇▅ | Cost of Funds (%) | 0.97% | 1.13% | 1.11% | 1.11% | 1.11% | 1.17% | 1.14% | 1.08% |
| ▁▁▁▁▁▁▄█ | NPA / Assets (%) | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.13% | 0.27% |
| ▁▁▁▁▁▁▄█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.02% | 0.02% | 0.02% | 0.02% | 0.22% | 0.45% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $80 | $85 | $82 | $86 | $88 | $90 | $92 | $93 |
| ▁▁▂▅▄▇██ | Gross Loans ($M) | $476 | $482 | $487 | $504 | $501 | $523 | $530 | $527 |
| ▂▁▆▅▅▆█▇ | Total Deposits ($M) | $741 | $728 | $770 | $767 | $769 | $774 | $795 | $785 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 22% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 4% |