Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.78% | +0.12 | 1.66% |
| Return on Equity (%) | ▼ | 20.72% | -1.58 | 22.30% |
| Net Interest Margin (%) | ▲ | 4.39% | +0.13 | 4.26% |
| Efficiency Ratio (%) | ▲ | 44.88% | -2.77 | 47.66% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.57 | $3 |
| Cost of Funds (%) | ▲ | 2.76% | -0.13 | 2.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $514 | +45.73 | $468 |
| Gross Loans ($M) | ▲ | $425 | +41.18 | $384 |
| Loan Growth YoY (%) | ▲ | 93.07% | +2.33 | 90.74% |
| Total Deposits ($M) | ▲ | $450 | +32.57 | $418 |
| Shareholders Equity ($M) | ▲ | $45 | +9.09 | $36 |
| Tang. Book Value ($M) | ▲ | $45 | +9.09 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +8.96 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 93.07% | +2.33 | 90.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.09 | 0.17% |
| Allowance / Loans (%) | — | 1.33% | 0.15% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.13 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -11.52 | 11.52% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇████ | Net Interest Margin (%) | 3.69% | 3.73% | 3.79% | 4.26% | 4.32% | 4.36% | 4.38% | 4.39% |
| ▁▁▁▆▇█▆█ | Return on Assets (%) | 1.33% | 1.35% | 1.31% | 1.66% | 1.69% | 1.76% | 1.65% | 1.78% |
| ███▄▃▁▂▁ | Efficiency Ratio (%) | 50.6% | 50.0% | 50.3% | 47.7% | 46.7% | 45.4% | 45.7% | 44.9% |
| ▇▇█▂▂▃▂▁ | Cost of Funds (%) | 3.19% | 3.19% | 3.29% | 2.89% | 2.83% | 2.95% | 2.85% | 2.76% |
| ▅▂▁▃▄▅▄█ | NPA / Assets (%) | 0.19% | 0.14% | 0.12% | 0.17% | 0.19% | 0.20% | 0.19% | 0.26% |
| ▆▁▂▃▅▄▃█ | Net Charge-Off Ratio (%) | 0.24% | 0.10% | 0.13% | 0.18% | 0.22% | 0.19% | 0.17% | 0.31% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $31 | $35 | $33 | $36 | $38 | $42 | $43 | $45 |
| ▁▁▂▄▆▇██ | Gross Loans ($M) | $357 | $358 | $366 | $384 | $402 | $415 | $418 | $425 |
| ▁▃▃▄▃▅██ | Total Deposits ($M) | $396 | $416 | $413 | $418 | $414 | $431 | $452 | $450 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 15% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 16% |