Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.58 | 0.50% |
| Return on Equity (%) | ▲ | 5.77% | +3.01 | 2.76% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.94 | 2.79% |
| Efficiency Ratio (%) | ▲ | 58.10% | -17.71 | 75.80% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.36 | $1 |
| Cost of Funds (%) | ▲ | 2.07% | -0.24 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $649 | +18.96 | $630 |
| Gross Loans ($M) | ▲ | $548 | +24.50 | $523 |
| Loan Growth YoY (%) | ▲ | 105.45% | +2.33 | 103.12% |
| Total Deposits ($M) | ▲ | $513 | +12.05 | $501 |
| Shareholders Equity ($M) | ▲ | $121 | +6.73 | $114 |
| Tang. Book Value ($M) | ▲ | $121 | +6.73 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $125 | +6.63 | $118 |
| Loan / Deposit Ratio (%) | ▲ | 105.45% | +2.33 | 103.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.11 | 0.42% |
| Allowance / Loans (%) | — | 1.28% | -0.04% | 1.31% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -0.13 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.39% | 2.44% | 2.51% | 2.79% | 2.94% | 3.12% | 3.23% | 3.73% |
| ▁▁▁▃▄▅▆█ | Return on Assets (%) | 0.15% | 0.21% | 0.25% | 0.50% | 0.58% | 0.68% | 0.76% | 1.08% |
| ██▇▅▄▃▂▁ | Efficiency Ratio (%) | 90.6% | 87.7% | 85.7% | 75.8% | 72.9% | 69.5% | 66.0% | 58.1% |
| ███▆▅▃▃▁ | Cost of Funds (%) | 2.42% | 2.42% | 2.42% | 2.31% | 2.27% | 2.19% | 2.16% | 2.07% |
| ▂▄▂██▂▁▁ | NPA / Assets (%) | 0.33% | 0.36% | 0.34% | 0.42% | 0.43% | 0.33% | 0.31% | 0.31% |
| ▃▅▃██▂▁▁ | Net Charge-Off Ratio (%) | 0.41% | 0.44% | 0.40% | 0.50% | 0.51% | 0.40% | 0.37% | 0.37% |
| ▁▂▂▃▄▅▇█ | Tang. Book Value ($M) | $111 | $112 | $113 | $114 | $116 | $117 | $120 | $121 |
| ▁▃▅▆█▇▇█ | Gross Loans ($M) | $482 | $498 | $519 | $523 | $541 | $532 | $539 | $548 |
| ▁▂▆▇▇▆▇█ | Total Deposits ($M) | $447 | $456 | $494 | $501 | $498 | $495 | $502 | $513 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 31% |