Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.73% | +0.32 | 0.41% |
| Return on Equity (%) | ▲ | 5.84% | +1.85 | 3.99% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.33 | 3.20% |
| Efficiency Ratio (%) | ▲ | 77.64% | -9.96 | 87.61% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.42 | $1 |
| Cost of Funds (%) | ▲ | 2.10% | -0.21 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $539 | -48.97 | $588 |
| Gross Loans ($M) | ▼ | $380 | -31.40 | $412 |
| Loan Growth YoY (%) | ▲ | 82.84% | +3.97 | 78.87% |
| Total Deposits ($M) | ▼ | $452 | -60.92 | $513 |
| Shareholders Equity ($M) | ▲ | $73 | +13.71 | $60 |
| Tang. Book Value ($M) | ▲ | $73 | +13.71 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +13.54 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 82.84% | +3.97 | 78.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -0.13 | 0.32% |
| Allowance / Loans (%) | — | 1.55% | -0.20% | 1.75% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.18 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.53% | +4.22 | 13.31% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▇▇███ | Net Interest Margin (%) | 2.06% | 2.24% | 2.38% | 3.20% | 3.30% | 3.36% | 3.40% | 3.52% |
| ▂▁▁▆▆▇██ | Return on Assets (%) | -0.12% | -0.29% | -0.29% | 0.41% | 0.44% | 0.50% | 0.60% | 0.73% |
| ▇██▃▃▃▂▁ | Efficiency Ratio (%) | 100.5% | 105.8% | 105.7% | 87.6% | 87.2% | 85.3% | 82.8% | 77.6% |
| █▅▃▂▂▂▂▁ | Cost of Funds (%) | 3.52% | 2.95% | 2.54% | 2.31% | 2.31% | 2.34% | 2.30% | 2.10% |
| ██▁▆▄▄▄▄ | NPA / Assets (%) | 0.47% | 0.41% | 0.01% | 0.32% | 0.20% | 0.22% | 0.18% | 0.19% |
| ██▁▆▄▄▄▄ | Net Charge-Off Ratio (%) | 0.69% | 0.61% | 0.01% | 0.46% | 0.29% | 0.32% | 0.27% | 0.27% |
| ▁▁▁▁▁▂▃█ | Tang. Book Value ($M) | $60 | $59 | $59 | $60 | $60 | $62 | $64 | $73 |
| █▇▃██▃▁▁ | Gross Loans ($M) | $410 | $405 | $392 | $412 | $409 | $388 | $382 | $380 |
| ██▃▇▄▅▄▁ | Total Deposits ($M) | $519 | $524 | $476 | $513 | $485 | $495 | $486 | $452 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 21% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 12% |