Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.20 | 1.16% |
| Return on Equity (%) | ▼ | 14.52% | -1.61 | 16.13% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.57 | 3.49% |
| Efficiency Ratio (%) | ▲ | 65.90% | -0.73 | 66.63% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.20 | $2 |
| Cost of Funds (%) | ▲ | 1.37% | -0.35 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $608 | -55.41 | $664 |
| Gross Loans ($M) | ▼ | $387 | -21.63 | $408 |
| Loan Growth YoY (%) | ▲ | 69.98% | +2.10 | 67.88% |
| Total Deposits ($M) | ▼ | $543 | -48.77 | $592 |
| Shareholders Equity ($M) | ▲ | $59 | +9.38 | $49 |
| Tang. Book Value ($M) | ▲ | $59 | +9.38 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +8.68 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 69.98% | +2.10 | 67.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.77 | 0.77% |
| Allowance / Loans (%) | — | 1.71% | 0.11% | 1.61% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -1.25 | 1.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.54% | +1.84 | 13.71% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▃▁▃▇██ | Net Interest Margin (%) | 3.65% | 3.71% | 3.69% | 3.49% | 3.67% | 3.97% | 4.04% | 4.06% |
| ▁▂▃▂▄▇█▅ | Return on Assets (%) | 1.05% | 1.15% | 1.25% | 1.16% | 1.28% | 1.54% | 1.64% | 1.37% |
| █▇▅▅▄▁▁▅ | Efficiency Ratio (%) | 71.2% | 68.9% | 66.5% | 66.6% | 64.9% | 61.0% | 59.5% | 65.9% |
| ██▆▇▄▃▂▁ | Cost of Funds (%) | 1.83% | 1.81% | 1.72% | 1.73% | 1.60% | 1.50% | 1.44% | 1.37% |
| ▁▁███▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.77% | 0.77% | 0.81% | 0.00% | 0.00% | 0.00% |
| ▁▁███▁▁▁ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 1.26% | 1.25% | 1.25% | 0.00% | 0.00% | 0.00% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $43 | $49 | $46 | $49 | $51 | $55 | $58 | $59 |
| █▅▅███▂▁ | Gross Loans ($M) | $408 | $401 | $401 | $408 | $410 | $409 | $392 | $387 |
| ▁▂▇█▄▃▄▁ | Total Deposits ($M) | $544 | $553 | $584 | $592 | $563 | $558 | $564 | $543 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 21% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 3% |