Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.19 | 1.28% |
| Return on Equity (%) | ▲ | 15.46% | +0.45 | 15.01% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.24 | 3.90% |
| Efficiency Ratio (%) | ▲ | 55.00% | -3.02 | 58.02% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.47 | $3 |
| Cost of Funds (%) | ▲ | 1.37% | -0.20 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $626 | +30.11 | $596 |
| Gross Loans ($M) | ▲ | $441 | +10.81 | $430 |
| Loan Growth YoY (%) | ▼ | 77.07% | -1.09 | 78.16% |
| Total Deposits ($M) | ▲ | $562 | +21.30 | $541 |
| Shareholders Equity ($M) | ▲ | $59 | +8.44 | $51 |
| Tang. Book Value ($M) | ▲ | $59 | +8.44 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +8.17 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 77.07% | -1.09 | 78.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.05% | +0.40 | 0.65% |
| Allowance / Loans (%) | — | 1.60% | 0.03% | 1.57% |
| Net Charge-Off Ratio (%) | ▼ | 1.50% | +0.59 | 0.91% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.07% | +1.25 | 14.83% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇███ | Net Interest Margin (%) | 3.54% | 3.58% | 3.65% | 3.90% | 4.03% | 4.09% | 4.14% | 4.14% |
| ▁▁▂▅▆▇▆█ | Return on Assets (%) | 0.98% | 1.00% | 1.06% | 1.28% | 1.34% | 1.36% | 1.32% | 1.47% |
| ██▇▃▂▂▄▁ | Efficiency Ratio (%) | 63.4% | 63.0% | 61.8% | 58.0% | 56.4% | 56.3% | 58.5% | 55.0% |
| ███▄▄▄▃▁ | Cost of Funds (%) | 1.78% | 1.82% | 1.78% | 1.58% | 1.57% | 1.56% | 1.51% | 1.37% |
| ▁▁▁▅▅▅▅█ | NPA / Assets (%) | 0.06% | 0.06% | 0.04% | 0.65% | 0.64% | 0.64% | 0.62% | 1.05% |
| ▁▁▁▅▅▅▅█ | Net Charge-Off Ratio (%) | 0.06% | 0.08% | 0.06% | 0.91% | 0.88% | 0.88% | 0.86% | 1.50% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $46 | $50 | $49 | $51 | $53 | $56 | $59 | $59 |
| ▁▂▃▄▇██▇ | Gross Loans ($M) | $416 | $422 | $425 | $430 | $442 | $445 | $445 | $441 |
| ▁▂▁▄▅▇▆█ | Total Deposits ($M) | $524 | $530 | $521 | $541 | $546 | $556 | $551 | $562 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 8% |