Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.64 | 0.51% |
| Return on Equity (%) | ▲ | 7.54% | +4.05 | 3.49% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.95 | 2.89% |
| Efficiency Ratio (%) | ▲ | 59.64% | -16.95 | 76.59% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.56 | $1 |
| Cost of Funds (%) | ▲ | 2.37% | -0.43 | 2.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $677 | +21.45 | $655 |
| Gross Loans ($M) | ▲ | $463 | +9.66 | $453 |
| Loan Growth YoY (%) | ▲ | 87.56% | +1.83 | 85.73% |
| Total Deposits ($M) | ▲ | $523 | +0.56 | $522 |
| Shareholders Equity ($M) | ▲ | $105 | +6.81 | $98 |
| Tang. Book Value ($M) | ▲ | $103 | +6.87 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $108 | +8.36 | $100 |
| Loan / Deposit Ratio (%) | ▲ | 87.56% | +1.83 | 85.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.90 | 1.04% |
| Allowance / Loans (%) | — | 1.11% | -0.11% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -1.30 | 1.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▁▂▃█ | Net Interest Margin (%) | 3.02% | 2.93% | 2.95% | 2.89% | 2.96% | 3.08% | 3.19% | 3.84% |
| ▃▂▂▁▂▃▄█ | Return on Assets (%) | 0.68% | 0.60% | 0.64% | 0.51% | 0.61% | 0.74% | 0.83% | 1.16% |
| ██▇██▆▄▁ | Efficiency Ratio (%) | 75.3% | 76.7% | 74.2% | 76.6% | 74.8% | 70.7% | 68.1% | 59.6% |
| ▇██▇▆▄▃▁ | Cost of Funds (%) | 2.81% | 2.91% | 2.90% | 2.81% | 2.72% | 2.59% | 2.55% | 2.37% |
| ▂▆███▃▃▁ | NPA / Assets (%) | 0.37% | 0.79% | 1.07% | 1.04% | 1.06% | 0.40% | 0.46% | 0.14% |
| ▂▆███▃▃▁ | Net Charge-Off Ratio (%) | 0.49% | 1.16% | 1.56% | 1.50% | 1.55% | 0.59% | 0.68% | 0.21% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $92 | $94 | $94 | $96 | $98 | $99 | $101 | $103 |
| █▁▅▃▁▄▅▆ | Gross Loans ($M) | $472 | $448 | $461 | $453 | $446 | $456 | $461 | $463 |
| ▁▅█▇▅▇▇▇ | Total Deposits ($M) | $483 | $514 | $535 | $522 | $513 | $525 | $528 | $523 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 30% |