Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.87% | +0.09 | 0.77% |
| Return on Equity (%) | ▲ | 7.39% | +1.67 | 5.72% |
| Net Interest Margin (%) | ▼ | 3.61% | -0.01 | 3.62% |
| Efficiency Ratio (%) | ▲ | 65.30% | -3.30 | 68.60% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.77 | $3 |
| Cost of Funds (%) | ▲ | 2.39% | -0.12 | 2.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,160 | +177.81 | $982 |
| Gross Loans ($M) | ▲ | $971 | +165.18 | $806 |
| Loan Growth YoY (%) | ▲ | 96.10% | +0.08 | 96.02% |
| Total Deposits ($M) | ▲ | $996 | +171.16 | $825 |
| Shareholders Equity ($M) | ▲ | $135 | +2.41 | $133 |
| Tang. Book Value ($M) | ▲ | $135 | +2.44 | $133 |
| TBV excl. AOCI ($M)** | ▲ | $137 | +2.02 | $135 |
| Loan / Deposit Ratio (%) | ▲ | 96.10% | +0.08 | 96.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.25 | 0.41% |
| Allowance / Loans (%) | — | 1.38% | -0.28% | 1.66% |
| Net Charge-Off Ratio (%) | ▼ | 0.79% | +0.44 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▃▃▅█▇▁ | Net Interest Margin (%) | 3.61% | 3.64% | 3.63% | 3.62% | 3.65% | 3.67% | 3.66% | 3.61% |
| ▂▃▆▄▅▆▁█ | Return on Assets (%) | 0.72% | 0.74% | 0.82% | 0.77% | 0.79% | 0.81% | 0.68% | 0.87% |
| ▇▆▃▄▄▃█▁ | Efficiency Ratio (%) | 70.9% | 70.3% | 67.9% | 68.6% | 67.9% | 67.4% | 72.3% | 65.3% |
| ▆▇█▃▃▃▁▁ | Cost of Funds (%) | 2.66% | 2.74% | 2.79% | 2.51% | 2.52% | 2.53% | 2.40% | 2.39% |
| ▁▁▄▃█▇▅▅ | NPA / Assets (%) | 0.02% | 0.06% | 0.46% | 0.41% | 1.11% | 0.93% | 0.70% | 0.66% |
| ▁▁▄▃█▇▆▆ | Net Charge-Off Ratio (%) | 0.02% | 0.08% | 0.56% | 0.35% | 1.15% | 0.91% | 0.82% | 0.79% |
| ▁▃▄▆▃▅▆█ | Tang. Book Value ($M) | $127 | $129 | $131 | $133 | $129 | $132 | $133 | $135 |
| ▁▂▂▂▃▅██ | Gross Loans ($M) | $761 | $788 | $796 | $806 | $833 | $874 | $953 | $971 |
| ▁▂▁▂▄▅▇█ | Total Deposits ($M) | $785 | $815 | $808 | $825 | $865 | $893 | $954 | $996 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 26% |