Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.05 | 1.34% |
| Return on Equity (%) | ▼ | 14.45% | -2.28 | 16.73% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.32 | 3.77% |
| Efficiency Ratio (%) | ▼ | 55.97% | +0.17 | 55.81% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.10 | $1 |
| Cost of Funds (%) | ▲ | 0.23% | -0.18 | 0.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $290 | +1.28 | $288 |
| Gross Loans ($M) | ▲ | $126 | +20.40 | $106 |
| Loan Growth YoY (%) | ▲ | 47.91% | +8.00 | 39.91% |
| Total Deposits ($M) | ▼ | $260 | -1.79 | $262 |
| Shareholders Equity ($M) | ▲ | $28 | +3.61 | $24 |
| Tang. Book Value ($M) | ▲ | $28 | +3.61 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +3.26 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 47.91% | +8.00 | 39.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.21 | 0.30% |
| Allowance / Loans (%) | — | 1.02% | 0.07% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 1.18% | +0.35 | 0.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -21.66 | 21.66% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.04% | 3.08% | 3.21% | 3.77% | 3.96% | 3.99% | 4.06% | 4.10% |
| ▁▁▂▆███▇ | Return on Assets (%) | 0.93% | 0.95% | 1.03% | 1.34% | 1.45% | 1.44% | 1.49% | 1.40% |
| ██▆▄▁▁▁▄ | Efficiency Ratio (%) | 63.5% | 62.8% | 59.2% | 55.8% | 51.1% | 51.9% | 52.0% | 56.0% |
| ██▆▄▄▄▂▁ | Cost of Funds (%) | 0.65% | 0.65% | 0.50% | 0.40% | 0.43% | 0.41% | 0.29% | 0.23% |
| ▁▂▄▃▃▂▇█ | NPA / Assets (%) | 0.20% | 0.26% | 0.32% | 0.30% | 0.31% | 0.25% | 0.46% | 0.51% |
| ▁▃▄▄▃▁▇█ | Net Charge-Off Ratio (%) | 0.60% | 0.75% | 0.87% | 0.83% | 0.78% | 0.61% | 1.05% | 1.18% |
| ▁▃▃▅▆▇██ | Tang. Book Value ($M) | $19 | $22 | $22 | $24 | $26 | $27 | $28 | $28 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $91 | $97 | $104 | $106 | $110 | $116 | $127 | $126 |
| ▂▁▆█▂▃▆▇ | Total Deposits ($M) | $252 | $251 | $259 | $262 | $253 | $255 | $258 | $260 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 9% |
| Consumer | 11% |
| Other | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 1% |