Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.11 | 1.34% |
| Return on Equity (%) | ▲ | 14.99% | +0.17 | 14.82% |
| Net Interest Margin (%) | ▲ | 4.19% | +0.10 | 4.09% |
| Efficiency Ratio (%) | ▲ | 53.98% | -1.87 | 55.85% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.34 | $3 |
| Cost of Funds (%) | ▲ | 1.57% | -0.41 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $679 | +31.93 | $647 |
| Gross Loans ($M) | ▲ | $543 | +32.22 | $511 |
| Loan Growth YoY (%) | ▲ | 92.81% | +4.84 | 87.98% |
| Total Deposits ($M) | ▲ | $576 | +4.73 | $571 |
| Shareholders Equity ($M) | ▲ | $65 | +6.99 | $58 |
| Tang. Book Value ($M) | ▲ | $65 | +6.99 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +7.48 | $61 |
| Loan / Deposit Ratio (%) | ▲ | 92.81% | +4.84 | 87.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.64% | -0.06% | 1.70% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.91% | +0.16 | 12.75% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▆▇██ | Net Interest Margin (%) | 3.60% | 3.61% | 3.72% | 4.09% | 4.02% | 4.06% | 4.12% | 4.19% |
| ▁▁▂▇▅▅▆█ | Return on Assets (%) | 0.99% | 1.01% | 1.08% | 1.34% | 1.25% | 1.25% | 1.28% | 1.44% |
| ██▇▂▄▄▄▁ | Efficiency Ratio (%) | 63.1% | 62.6% | 61.0% | 55.9% | 57.6% | 57.9% | 57.8% | 54.0% |
| ▇█▇▄▄▃▂▁ | Cost of Funds (%) | 2.27% | 2.40% | 2.23% | 1.98% | 1.90% | 1.88% | 1.71% | 1.57% |
| ▅▄█▁▄▄▇▁ | NPA / Assets (%) | 0.04% | 0.03% | 0.07% | 0.00% | 0.03% | 0.03% | 0.06% | 0.00% |
| ▅▄█▁▅▄▇▁ | Net Charge-Off Ratio (%) | 0.05% | 0.04% | 0.09% | 0.00% | 0.05% | 0.04% | 0.07% | 0.00% |
| ▁▃▂▃▄▆▇█ | Tang. Book Value ($M) | $55 | $58 | $57 | $58 | $59 | $62 | $63 | $65 |
| ▁▄▄▃▃▆██ | Gross Loans ($M) | $493 | $512 | $514 | $511 | $511 | $531 | $539 | $543 |
| ▁▃▂▅██▄▆ | Total Deposits ($M) | $541 | $555 | $551 | $571 | $588 | $590 | $563 | $576 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 13% |