Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.73% | -0.22 | 2.95% |
| Return on Equity (%) | ▼ | 17.42% | -2.34 | 19.76% |
| Net Interest Margin (%) | ▼ | 4.77% | -0.10 | 4.87% |
| Efficiency Ratio (%) | ▼ | 46.24% | +4.09 | 42.16% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.18 | $5 |
| Cost of Funds (%) | ▲ | 1.56% | -0.09 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $647 | +17.97 | $629 |
| Gross Loans ($M) | ▲ | $482 | +27.22 | $455 |
| Loan Growth YoY (%) | ▲ | 86.65% | +3.35 | 83.30% |
| Total Deposits ($M) | ▲ | $549 | +10.27 | $539 |
| Shareholders Equity ($M) | ▲ | $97 | +7.42 | $89 |
| Tang. Book Value ($M) | ▲ | $97 | +7.42 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $99 | +6.35 | $93 |
| Loan / Deposit Ratio (%) | ▲ | 86.65% | +3.35 | 83.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.00 | 0.01% |
| Allowance / Loans (%) | — | 1.37% | -0.02% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.00 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.98% | +0.07 | 17.91% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▂▂▃▁ | Net Interest Margin (%) | 5.92% | 6.07% | 5.94% | 4.87% | 4.96% | 5.06% | 5.10% | 4.77% |
| ▇██▂▂▃▃▁ | Return on Assets (%) | 4.01% | 4.20% | 4.07% | 2.95% | 3.04% | 3.11% | 3.15% | 2.73% |
| ▁▁▁▅▅▅▅█ | Efficiency Ratio (%) | 36.2% | 35.4% | 36.1% | 42.2% | 41.5% | 41.2% | 41.4% | 46.2% |
| ▁▁▁▄██▃▂ | Cost of Funds (%) | 1.50% | 1.44% | 1.45% | 1.64% | 1.93% | 1.87% | 1.61% | 1.56% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 0.16% | 0.16% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.21% | 0.21% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% | 0.01% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $83 | $87 | $88 | $89 | $92 | $94 | $97 | $97 |
| ▁▂▄▆▅▆▇█ | Gross Loans ($M) | $408 | $418 | $445 | $455 | $452 | $460 | $470 | $482 |
| ▁▁▂█▅▅▄█ | Total Deposits ($M) | $445 | $436 | $455 | $539 | $500 | $498 | $487 | $549 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 5% |