Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.51% | +0.10 | 0.42% |
| Return on Equity (%) | ▲ | 5.48% | +1.16 | 4.32% |
| Net Interest Margin (%) | ▼ | 3.35% | -0.11 | 3.46% |
| Efficiency Ratio (%) | ▲ | 77.08% | -3.61 | 80.69% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.29 | $1 |
| Cost of Funds (%) | ▼ | 2.02% | +0.06 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $548 | +75.99 | $472 |
| Gross Loans ($M) | ▲ | $331 | +37.17 | $294 |
| Loan Growth YoY (%) | ▼ | 70.41% | -2.91 | 73.32% |
| Total Deposits ($M) | ▲ | $466 | +68.55 | $397 |
| Shareholders Equity ($M) | ▲ | $52 | +4.25 | $48 |
| Tang. Book Value ($M) | ▲ | $38 | +4.51 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +6.59 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 70.41% | -2.91 | 73.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.11 | 0.03% |
| Allowance / Loans (%) | — | 0.90% | 0.04% | 0.86% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.19 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.91% | -0.24 | 12.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▁████▅ | Net Interest Margin (%) | 3.22% | 3.26% | 3.15% | 3.46% | 3.47% | 3.51% | 3.50% | 3.35% |
| ▆█▄▁▆▄▅▅ | Return on Assets (%) | 0.55% | 0.59% | 0.49% | 0.42% | 0.53% | 0.49% | 0.52% | 0.51% |
| ▄▁▆▇▆▅█▁ | Efficiency Ratio (%) | 78.8% | 76.8% | 80.1% | 80.7% | 80.1% | 79.8% | 81.6% | 77.1% |
| █▇▄▁▁▁▂▂ | Cost of Funds (%) | 2.55% | 2.42% | 2.23% | 1.96% | 1.94% | 2.01% | 2.03% | 2.02% |
| ▃▄▅▁▁▇▆█ | NPA / Assets (%) | 0.07% | 0.08% | 0.10% | 0.03% | 0.03% | 0.13% | 0.11% | 0.15% |
| ▄▅▅▁▁▆▆█ | Net Charge-Off Ratio (%) | 0.13% | 0.15% | 0.16% | 0.05% | 0.04% | 0.19% | 0.17% | 0.24% |
| ▁▃▂▅▆▇██ | Tang. Book Value ($M) | $28 | $32 | $30 | $34 | $35 | $36 | $38 | $38 |
| ▁▂▄▄▆▇██ | Gross Loans ($M) | $254 | $269 | $287 | $294 | $307 | $318 | $335 | $331 |
| ▁▁▁▂▄▅██ | Total Deposits ($M) | $384 | $384 | $388 | $397 | $426 | $432 | $477 | $466 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 8% |