Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.50% | +0.78 | -0.28% |
| Return on Equity (%) | ▲ | 6.46% | +10.20 | -3.74% |
| Net Interest Margin (%) | ▲ | 2.92% | +0.55 | 2.37% |
| Efficiency Ratio (%) | ▲ | 76.21% | -18.79 | 95.00% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.35 | $0 |
| Cost of Funds (%) | ▲ | 2.16% | -0.19 | 2.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $903 | +68.61 | $834 |
| Gross Loans ($M) | ▲ | $724 | +52.32 | $671 |
| Loan Growth YoY (%) | ▲ | 95.53% | +4.37 | 91.17% |
| Total Deposits ($M) | ▲ | $750 | +21.18 | $729 |
| Shareholders Equity ($M) | ▲ | $69 | +6.80 | $63 |
| Tang. Book Value ($M) | ▲ | $69 | +6.85 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +7.59 | $66 |
| Loan / Deposit Ratio (%) | ▲ | 95.53% | +4.37 | 91.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.11 | 0.13% |
| Allowance / Loans (%) | — | 0.97% | -0.04% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.14 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.47% | -0.59 | 13.06% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆▆█ | Net Interest Margin (%) | 2.18% | 2.19% | 2.21% | 2.37% | 2.52% | 2.65% | 2.72% | 2.92% |
| ▆▅▅▁▄▆▇█ | Return on Assets (%) | 0.21% | 0.18% | 0.18% | -0.28% | 0.11% | 0.29% | 0.37% | 0.50% |
| ▆▇▇█▅▃▂▁ | Efficiency Ratio (%) | 89.1% | 91.3% | 91.2% | 95.0% | 86.2% | 81.3% | 78.9% | 76.2% |
| ▃██▅▂▁▂▁ | Cost of Funds (%) | 2.28% | 2.50% | 2.52% | 2.35% | 2.21% | 2.17% | 2.23% | 2.16% |
| ▁▂███▁▁▁ | NPA / Assets (%) | 0.02% | 0.04% | 0.13% | 0.13% | 0.12% | 0.01% | 0.01% | 0.01% |
| ▁▂███▁▁▁ | Net Charge-Off Ratio (%) | 0.02% | 0.05% | 0.16% | 0.16% | 0.15% | 0.02% | 0.02% | 0.02% |
| ▁▄▁▃▄▆██ | Tang. Book Value ($M) | $60 | $63 | $61 | $62 | $64 | $66 | $68 | $69 |
| ▁▁▁▁▃▅▇█ | Gross Loans ($M) | $669 | $674 | $669 | $671 | $686 | $702 | $713 | $724 |
| ▁▅▆▇▅▅▅█ | Total Deposits ($M) | $661 | $706 | $718 | $729 | $716 | $707 | $715 | $750 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 20% |