Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.24% | -0.27 | 2.51% |
| Return on Equity (%) | ▼ | 19.22% | -3.74 | 22.96% |
| Net Interest Margin (%) | ▲ | 4.11% | +0.10 | 4.01% |
| Efficiency Ratio (%) | ▼ | 44.79% | +3.92 | 40.87% |
| Pre-Provision Profit ($M) | ▼ | $6 | -0.25 | $6 |
| Cost of Funds (%) | ▼ | 1.17% | +0.15 | 1.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $974 | -23.38 | $998 |
| Gross Loans ($M) | ▲ | $764 | +70.03 | $694 |
| Loan Growth YoY (%) | ▲ | 88.38% | +10.75 | 77.63% |
| Total Deposits ($M) | ▼ | $853 | -28.72 | $881 |
| Shareholders Equity ($M) | ▲ | $114 | +5.61 | $108 |
| Tang. Book Value ($M) | ▲ | $113 | +5.74 | $107 |
| TBV excl. AOCI ($M)** | ▲ | $118 | +5.64 | $113 |
| Loan / Deposit Ratio (%) | ▲ | 88.38% | +10.75 | 77.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.34% | -0.04% | 1.38% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.05% | -0.75 | 14.80% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▄▆█ | Net Interest Margin (%) | 3.85% | 3.91% | 3.95% | 4.01% | 4.01% | 3.98% | 4.03% | 4.11% |
| ▃▇▂█▅▃▃▁ | Return on Assets (%) | 2.31% | 2.48% | 2.28% | 2.51% | 2.41% | 2.33% | 2.33% | 2.24% |
| ▂▁▁▁▃▆▄█ | Efficiency Ratio (%) | 41.2% | 40.5% | 40.9% | 40.9% | 41.8% | 43.2% | 42.2% | 44.8% |
| ▃██▁▆▆▅▆ | Cost of Funds (%) | 1.09% | 1.24% | 1.25% | 1.02% | 1.18% | 1.18% | 1.15% | 1.17% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▃▅▆███ | Tang. Book Value ($M) | $99 | $106 | $103 | $107 | $109 | $112 | $113 | $113 |
| ▃▁▁▁▄▇▇█ | Gross Loans ($M) | $713 | $697 | $694 | $694 | $722 | $749 | $753 | $764 |
| █▆▁▄▂▄▂▂ | Total Deposits ($M) | $936 | $906 | $828 | $881 | $843 | $874 | $854 | $853 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 5% |