Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.19 | 0.76% |
| Return on Equity (%) | ▲ | 5.28% | +0.95 | 4.33% |
| Net Interest Margin (%) | ▲ | 4.40% | +0.52 | 3.89% |
| Efficiency Ratio (%) | ▲ | 69.26% | -5.38 | 74.64% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.84 | $2 |
| Cost of Funds (%) | ▲ | 1.55% | -0.20 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $765 | +31.00 | $734 |
| Gross Loans ($M) | ▲ | $667 | +39.47 | $627 |
| Loan Growth YoY (%) | ▲ | 109.07% | +2.92 | 106.15% |
| Total Deposits ($M) | ▲ | $607 | +19.87 | $587 |
| Shareholders Equity ($M) | ▲ | $139 | +10.66 | $129 |
| Tang. Book Value ($M) | ▲ | $139 | +10.68 | $129 |
| TBV excl. AOCI ($M)** | ▲ | $141 | +10.49 | $131 |
| Loan / Deposit Ratio (%) | ▲ | 109.07% | +2.92 | 106.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.15% | +0.25 | 0.90% |
| Allowance / Loans (%) | — | 0.77% | 0.05% | 0.71% |
| Net Charge-Off Ratio (%) | ▼ | 1.32% | +0.27 | 1.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.23% | -0.59 | 22.82% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 3.57% | 3.61% | 3.67% | 3.89% | 3.96% | 4.03% | 4.09% | 4.40% |
| ▁▃▁▄▆▆▃█ | Return on Assets (%) | 0.66% | 0.73% | 0.64% | 0.76% | 0.84% | 0.85% | 0.72% | 0.95% |
| █▆█▆▄▂▅▁ | Efficiency Ratio (%) | 76.7% | 74.6% | 76.9% | 74.6% | 72.3% | 70.7% | 73.6% | 69.3% |
| ▅██▆▄▅▃▁ | Cost of Funds (%) | 1.69% | 1.82% | 1.82% | 1.75% | 1.66% | 1.69% | 1.64% | 1.55% |
| ▁▂▁▂▅▆█▆ | NPA / Assets (%) | 0.81% | 0.86% | 0.78% | 0.90% | 1.12% | 1.15% | 1.35% | 1.15% |
| ▁▂▁▂▅▆█▅ | Net Charge-Off Ratio (%) | 0.97% | 1.00% | 0.92% | 1.05% | 1.31% | 1.35% | 1.57% | 1.32% |
| ▁▂▂▄▄▅██ | Tang. Book Value ($M) | $122 | $126 | $126 | $129 | $130 | $133 | $137 | $139 |
| ▁▃▄▅▆███ | Gross Loans ($M) | $583 | $609 | $621 | $627 | $643 | $659 | $663 | $667 |
| ▁▃▄▇▇███ | Total Deposits ($M) | $495 | $529 | $546 | $587 | $588 | $596 | $610 | $607 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 13% |