Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.62% | -0.02 | 0.64% |
| Return on Equity (%) | ▼ | 3.83% | -0.47 | 4.30% |
| Net Interest Margin (%) | ▲ | 3.71% | +0.13 | 3.59% |
| Efficiency Ratio (%) | ▲ | 80.11% | -0.05 | 80.16% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.06 | $1 |
| Cost of Funds (%) | ▲ | 0.82% | -0.04 | 0.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $631 | +18.80 | $613 |
| Gross Loans ($M) | ▲ | $280 | +32.19 | $248 |
| Loan Growth YoY (%) | ▲ | 52.85% | +5.32 | 47.53% |
| Total Deposits ($M) | ▲ | $522 | +9.45 | $512 |
| Shareholders Equity ($M) | ▲ | $103 | +8.91 | $94 |
| Tang. Book Value ($M) | ▲ | $103 | +8.91 | $94 |
| TBV excl. AOCI ($M)** | ▲ | $118 | +8.19 | $109 |
| Loan / Deposit Ratio (%) | ▲ | 52.85% | +5.32 | 47.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.27 | 0.53% |
| Allowance / Loans (%) | — | 1.63% | -0.25% | 1.88% |
| Net Charge-Off Ratio (%) | ▲ | 0.51% | -0.71 | 1.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇██▇ | Net Interest Margin (%) | 3.13% | 3.23% | 3.33% | 3.59% | 3.71% | 3.75% | 3.81% | 3.71% |
| ▁▆▆▃▆▇█▂ | Return on Assets (%) | 0.55% | 0.74% | 0.74% | 0.64% | 0.76% | 0.80% | 0.84% | 0.62% |
| █▁▂█▅▄▃█ | Efficiency Ratio (%) | 80.9% | 71.6% | 72.8% | 80.2% | 76.8% | 75.7% | 74.5% | 80.1% |
| █▆▃▂▂▁▁▁ | Cost of Funds (%) | 1.16% | 1.05% | 0.91% | 0.86% | 0.86% | 0.85% | 0.81% | 0.82% |
| █▆▆▅▄▄▃▁ | NPA / Assets (%) | 0.79% | 0.63% | 0.61% | 0.53% | 0.51% | 0.51% | 0.43% | 0.26% |
| █▆▆▄▃▃▃▁ | Net Charge-Off Ratio (%) | 1.99% | 1.58% | 1.47% | 1.22% | 0.97% | 0.97% | 0.91% | 0.51% |
| ▁▄▁▃▄▇██ | Tang. Book Value ($M) | $90 | $96 | $92 | $94 | $95 | $101 | $103 | $103 |
| ▁▁▂▁▆▇██ | Gross Loans ($M) | $249 | $248 | $252 | $248 | $270 | $276 | $277 | $280 |
| ██▇▁▃▇▇▄ | Total Deposits ($M) | $535 | $533 | $530 | $512 | $519 | $532 | $530 | $522 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 24% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |