Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.08 | 1.12% |
| Return on Equity (%) | ▲ | 12.33% | +0.19 | 12.14% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.13 | 3.60% |
| Efficiency Ratio (%) | ▲ | 51.80% | -3.22 | 55.02% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.45 | $4 |
| Cost of Funds (%) | ▲ | 1.37% | -0.51 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $883 | -46.15 | $929 |
| Gross Loans ($M) | ▲ | $605 | +56.01 | $549 |
| Loan Growth YoY (%) | ▲ | 77.46% | +11.78 | 65.67% |
| Total Deposits ($M) | ▼ | $771 | -53.63 | $825 |
| Shareholders Equity ($M) | ▲ | $91 | +3.41 | $88 |
| Tang. Book Value ($M) | ▲ | $91 | +3.41 | $88 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +3.46 | $90 |
| Loan / Deposit Ratio (%) | ▲ | 77.46% | +11.78 | 65.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.37% | -0.07% | 1.45% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.80% | -0.94 | 16.74% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▆▁▁▂▂▅ | Net Interest Margin (%) | 3.85% | 3.89% | 3.77% | 3.60% | 3.57% | 3.63% | 3.62% | 3.73% |
| ██▆▁▂▅▅▆ | Return on Assets (%) | 1.23% | 1.23% | 1.20% | 1.12% | 1.14% | 1.19% | 1.19% | 1.20% |
| ▁▃▅█▇▅▄▂ | Efficiency Ratio (%) | 51.3% | 52.5% | 53.4% | 55.0% | 54.4% | 53.5% | 53.1% | 51.8% |
| █▇▅▆▄▄▁▁ | Cost of Funds (%) | 2.15% | 1.96% | 1.78% | 1.89% | 1.68% | 1.70% | 1.34% | 1.37% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▄▆▄▆██ | Tang. Book Value ($M) | $81 | $83 | $86 | $88 | $86 | $89 | $92 | $91 |
| █▆▂▁▄▅██ | Gross Loans ($M) | $607 | $587 | $563 | $549 | $575 | $584 | $608 | $605 |
| ▁▂▇▆▇▆█▄ | Total Deposits ($M) | $669 | $707 | $848 | $825 | $849 | $826 | $886 | $771 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 17% |