Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.60 | 1.03% |
| Return on Equity (%) | ▲ | 16.00% | +5.45 | 10.55% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.54 | 3.54% |
| Efficiency Ratio (%) | ▲ | 59.65% | -10.89 | 70.54% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.01 | $2 |
| Cost of Funds (%) | ▲ | 1.58% | -0.19 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $628 | +25.19 | $603 |
| Gross Loans ($M) | ▲ | $483 | +21.57 | $462 |
| Loan Growth YoY (%) | ▲ | 85.05% | +0.76 | 84.29% |
| Total Deposits ($M) | ▲ | $562 | +20.29 | $541 |
| Shareholders Equity ($M) | ▲ | $65 | +5.08 | $60 |
| Tang. Book Value ($M) | ▲ | $65 | +5.08 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +4.95 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 85.05% | +0.76 | 84.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.38 | 0.41% |
| Allowance / Loans (%) | — | 1.14% | -0.01% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.50 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.55% | +0.49 | 14.06% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▆█ | Net Interest Margin (%) | 3.14% | 3.23% | 3.32% | 3.54% | 3.60% | 3.64% | 3.76% | 4.08% |
| ▁▁▂▃▄▆▆█ | Return on Assets (%) | 0.72% | 0.81% | 0.91% | 1.03% | 1.09% | 1.30% | 1.39% | 1.63% |
| █▇▇▅▅▃▂▁ | Efficiency Ratio (%) | 77.1% | 74.7% | 72.8% | 70.5% | 69.5% | 65.6% | 63.8% | 59.7% |
| ██▇▅▆▅▄▁ | Cost of Funds (%) | 1.95% | 1.92% | 1.88% | 1.76% | 1.81% | 1.78% | 1.73% | 1.58% |
| ██▇▇▅▄▁▁ | NPA / Assets (%) | 0.54% | 0.50% | 0.44% | 0.41% | 0.30% | 0.28% | 0.04% | 0.03% |
| ██▇▇▅▅▁▁ | Net Charge-Off Ratio (%) | 0.69% | 0.64% | 0.55% | 0.54% | 0.39% | 0.38% | 0.06% | 0.04% |
| ▁▂▂▃▄▆▆█ | Tang. Book Value ($M) | $57 | $59 | $58 | $60 | $61 | $63 | $63 | $65 |
| ▂▂▅▁▄▇▅█ | Gross Loans ($M) | $467 | $465 | $474 | $462 | $470 | $479 | $475 | $483 |
| ▁▁▁▂▄█▆▇ | Total Deposits ($M) | $538 | $535 | $539 | $541 | $550 | $570 | $560 | $562 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 10% |