Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.12 | 0.93% |
| Return on Equity (%) | ▼ | 16.32% | -2.48 | 18.80% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.29 | 3.25% |
| Efficiency Ratio (%) | ▲ | 59.34% | -9.88 | 69.22% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.41 | $1 |
| Cost of Funds (%) | ▲ | 1.36% | -0.04 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $303 | +4.99 | $298 |
| Gross Loans ($M) | ▲ | $148 | +14.24 | $133 |
| Loan Growth YoY (%) | ▲ | 52.99% | +5.09 | 47.90% |
| Total Deposits ($M) | ▲ | $275 | +0.17 | $275 |
| Shareholders Equity ($M) | ▲ | $20 | +4.91 | $15 |
| Tang. Book Value ($M) | ▲ | $20 | +4.91 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +5.01 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 52.99% | +5.09 | 47.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.45% | +0.40 | 0.06% |
| Allowance / Loans (%) | — | 1.26% | -0.02% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 0.93% | +0.81 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.17% | +0.06 | 14.11% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▃▁▃▃▄█ | Net Interest Margin (%) | 3.37% | 3.33% | 3.36% | 3.25% | 3.35% | 3.36% | 3.37% | 3.55% |
| ▁▁▁▆█▇▆▇ | Return on Assets (%) | 0.57% | 0.56% | 0.56% | 0.93% | 1.14% | 1.06% | 0.98% | 1.05% |
| ███▇▂▄▆▁ | Efficiency Ratio (%) | 70.6% | 71.2% | 70.4% | 69.2% | 60.8% | 63.8% | 67.2% | 59.3% |
| ▁▄▆▄██▇▂ | Cost of Funds (%) | 1.30% | 1.42% | 1.49% | 1.41% | 1.57% | 1.57% | 1.54% | 1.36% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.03% | 0.05% | 0.04% | 0.06% | 0.04% | 0.06% | 0.06% | 0.45% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.05% | 0.10% | 0.08% | 0.12% | 0.09% | 0.12% | 0.11% | 0.93% |
| ▁▅▁▂▂▇██ | Tang. Book Value ($M) | $13 | $17 | $13 | $15 | $15 | $18 | $19 | $20 |
| ▁▁▃▃▅▅██ | Gross Loans ($M) | $128 | $130 | $135 | $133 | $140 | $138 | $147 | $148 |
| ▁▂▃█▇▇██ | Total Deposits ($M) | $232 | $238 | $246 | $275 | $267 | $268 | $271 | $275 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 8% |
| Consumer | 23% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 10% |