Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.41% | -0.15 | 2.55% |
| Return on Equity (%) | ▼ | 30.30% | -6.41 | 36.71% |
| Net Interest Margin (%) | ▲ | 5.62% | +0.13 | 5.49% |
| Efficiency Ratio (%) | ▲ | 39.62% | -17.75 | 57.38% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.77 | $2 |
| Cost of Funds (%) | ▲ | 1.30% | -0.29 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $293 | +0.49 | $292 |
| Gross Loans ($M) | ▼ | $176 | -5.80 | $182 |
| Loan Growth YoY (%) | ▼ | 64.92% | -6.77 | 71.69% |
| Total Deposits ($M) | ▲ | $266 | +16.05 | $250 |
| Shareholders Equity ($M) | ▲ | $23 | +2.22 | $21 |
| Tang. Book Value ($M) | ▲ | $23 | +2.22 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +2.71 | $25 |
| Loan / Deposit Ratio (%) | ▼ | 64.92% | -6.77 | 71.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.11% | +0.91 | 0.20% |
| Allowance / Loans (%) | — | 1.87% | 0.44% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 1.84% | +1.52 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.98% | +0.73 | 16.25% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▆▁▁▃▆█ | Net Interest Margin (%) | 5.48% | 5.53% | 5.59% | 5.49% | 5.50% | 5.53% | 5.58% | 5.62% |
| ███▄▆█▇▁ | Return on Assets (%) | 2.75% | 2.79% | 2.78% | 2.55% | 2.68% | 2.76% | 2.74% | 2.41% |
| ▇▇▇██▇▇▁ | Efficiency Ratio (%) | 53.5% | 53.3% | 53.9% | 57.4% | 55.2% | 53.9% | 54.6% | 39.6% |
| ██▆▇▅█▁▁ | Cost of Funds (%) | 1.64% | 1.61% | 1.52% | 1.58% | 1.48% | 1.61% | 1.32% | 1.30% |
| ▃▁▁▂▃▇██ | NPA / Assets (%) | 0.34% | 0.02% | 0.06% | 0.20% | 0.34% | 0.84% | 1.08% | 1.11% |
| ▃▁▁▂▃▇██ | Net Charge-Off Ratio (%) | 0.55% | 0.04% | 0.09% | 0.31% | 0.57% | 1.43% | 1.73% | 1.84% |
| ▃█▃▂▁▆▇▆ | Tang. Book Value ($M) | $21 | $24 | $21 | $21 | $20 | $23 | $24 | $23 |
| ▆██▄▅▃▁▂ | Gross Loans ($M) | $185 | $191 | $190 | $182 | $183 | $177 | $172 | $176 |
| ▃▅▁▂▄█▅▆ | Total Deposits ($M) | $254 | $261 | $246 | $250 | $258 | $274 | $262 | $266 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 19% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 44% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 14% |