Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.57 | 0.80% |
| Return on Equity (%) | ▲ | 13.18% | +4.63 | 8.55% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.39 | 3.80% |
| Efficiency Ratio (%) | ▲ | 64.40% | -12.80 | 77.20% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.69 | $1 |
| Cost of Funds (%) | ▲ | 2.54% | -0.30 | 2.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $470 | -10.94 | $481 |
| Gross Loans ($M) | ▼ | $407 | -11.71 | $418 |
| Loan Growth YoY (%) | ▲ | 117.93% | +1.77 | 116.15% |
| Total Deposits ($M) | ▼ | $341 | -15.24 | $356 |
| Shareholders Equity ($M) | ▲ | $49 | +4.20 | $45 |
| Tang. Book Value ($M) | ▲ | $49 | +4.20 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 117.93% | +1.77 | 116.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.21% | +0.39 | 0.82% |
| Allowance / Loans (%) | — | 1.27% | 0.02% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 1.35% | +0.58 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.86% | +1.18 | 11.68% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▁▄▇██ | Net Interest Margin (%) | 3.77% | 3.88% | 3.92% | 3.80% | 3.96% | 4.10% | 4.15% | 4.18% |
| ▁▃▃▁▃▅▅█ | Return on Assets (%) | 0.85% | 1.01% | 1.01% | 0.80% | 0.98% | 1.10% | 1.10% | 1.37% |
| ▆▄▃█▅▃▄▁ | Efficiency Ratio (%) | 73.1% | 69.3% | 68.7% | 77.2% | 71.4% | 68.3% | 69.9% | 64.4% |
| ▆▇█▇▅▅▄▁ | Cost of Funds (%) | 2.81% | 2.86% | 2.93% | 2.83% | 2.77% | 2.74% | 2.69% | 2.54% |
| ▁▁▄▅▆▆▇█ | NPA / Assets (%) | 0.37% | 0.33% | 0.71% | 0.82% | 0.92% | 0.89% | 1.03% | 1.21% |
| ▁▁▄▄▆▆▇█ | Net Charge-Off Ratio (%) | 0.27% | 0.31% | 0.72% | 0.77% | 0.98% | 1.02% | 1.20% | 1.35% |
| ▁▂▃▃▅▇██ | Tang. Book Value ($M) | $43 | $44 | $45 | $45 | $46 | $48 | $49 | $49 |
| ▁▆█▇█▄▁▂ | Gross Loans ($M) | $406 | $416 | $422 | $418 | $421 | $413 | $404 | $407 |
| ▁▄███▄▃▃ | Total Deposits ($M) | $335 | $345 | $355 | $356 | $357 | $345 | $343 | $341 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 34% |