Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.83% | -0.07 | 0.90% |
| Return on Equity (%) | ▼ | 9.91% | -2.61 | 12.52% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.18 | 3.21% |
| Efficiency Ratio (%) | ▼ | 76.06% | +3.45 | 72.61% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.06 | $2 |
| Cost of Funds (%) | ▲ | 1.95% | -0.18 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,059 | +54.35 | $1,005 |
| Gross Loans ($M) | ▲ | $754 | +18.32 | $736 |
| Loan Growth YoY (%) | ▼ | 77.43% | -1.88 | 79.31% |
| Total Deposits ($M) | ▲ | $953 | +45.75 | $907 |
| Shareholders Equity ($M) | ▲ | $88 | +13.75 | $75 |
| Tang. Book Value ($M) | ▲ | $88 | +13.75 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $99 | +12.90 | $86 |
| Loan / Deposit Ratio (%) | ▼ | 77.43% | -1.88 | 79.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 2.17% | -0.05% | 2.23% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.27% | +0.53 | 13.75% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▂▄█ | Net Interest Margin (%) | 3.20% | 3.19% | 3.19% | 3.21% | 3.22% | 3.23% | 3.27% | 3.39% |
| ██▃▂▁▂▅▁ | Return on Assets (%) | 1.11% | 1.08% | 0.91% | 0.90% | 0.87% | 0.88% | 0.98% | 0.83% |
| ▁▁▅▆▇▇▅█ | Efficiency Ratio (%) | 65.7% | 66.7% | 71.9% | 72.6% | 73.9% | 73.5% | 71.0% | 76.1% |
| █▇▆▃▃▂▁▁ | Cost of Funds (%) | 2.60% | 2.45% | 2.39% | 2.13% | 2.17% | 2.05% | 1.92% | 1.95% |
| ▁▁▁▁██▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.00% |
| ▁▁▁▁██▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.00% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $64 | $75 | $69 | $74 | $78 | $83 | $88 | $88 |
| ▁▄▄▅▃▃█▆ | Gross Loans ($M) | $694 | $732 | $733 | $736 | $715 | $721 | $777 | $754 |
| ▃▁▁▅▂▆▇█ | Total Deposits ($M) | $873 | $832 | $836 | $907 | $849 | $917 | $933 | $953 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 14% |