Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.31% | +0.21 | 0.10% |
| Return on Equity (%) | ▲ | 2.81% | +1.81 | 1.00% |
| Net Interest Margin (%) | ▲ | 2.80% | +0.29 | 2.50% |
| Efficiency Ratio (%) | ▲ | 83.79% | -8.35 | 92.14% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.69 | $0 |
| Cost of Funds (%) | ▲ | 1.76% | -0.19 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $985 | +14.19 | $971 |
| Gross Loans ($M) | ▼ | $768 | -6.44 | $775 |
| Loan Growth YoY (%) | ▲ | 97.24% | +0.15 | 97.09% |
| Total Deposits ($M) | ▼ | $782 | -8.03 | $790 |
| Shareholders Equity ($M) | ▲ | $107 | +5.79 | $101 |
| Tang. Book Value ($M) | ▲ | $105 | +6.42 | $98 |
| TBV excl. AOCI ($M)** | ▲ | $110 | +6.13 | $104 |
| Loan / Deposit Ratio (%) | ▲ | 97.24% | +0.15 | 97.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.10% | +0.14 | 0.96% |
| Allowance / Loans (%) | — | 1.04% | 0.03% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.59% | -0.31 | 0.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▃▅▇█ | Net Interest Margin (%) | 2.49% | 2.51% | 2.55% | 2.50% | 2.58% | 2.67% | 2.72% | 2.80% |
| ▂▃▂▁▇███ | Return on Assets (%) | 0.15% | 0.16% | 0.14% | 0.10% | 0.28% | 0.31% | 0.32% | 0.31% |
| ▇▅██▂▁▁▂ | Efficiency Ratio (%) | 89.7% | 87.5% | 90.9% | 92.1% | 83.2% | 81.6% | 81.3% | 83.8% |
| ██▇▅▅▃▂▁ | Cost of Funds (%) | 2.10% | 2.09% | 2.04% | 1.95% | 1.94% | 1.89% | 1.84% | 1.76% |
| ▇█▁▁▁▃▅▄ | NPA / Assets (%) | 1.30% | 1.36% | 0.97% | 0.96% | 0.92% | 1.04% | 1.16% | 1.10% |
| ██▄▄▃▄▆▁ | Net Charge-Off Ratio (%) | 1.29% | 1.39% | 0.89% | 0.89% | 0.82% | 0.96% | 1.11% | 0.59% |
| ▁▃▂▃▅▆██ | Tang. Book Value ($M) | $95 | $98 | $97 | $98 | $100 | $102 | $104 | $105 |
| █▇▃▂▄▃▃▁ | Gross Loans ($M) | $804 | $796 | $781 | $775 | $782 | $777 | $778 | $768 |
| ▃█▄▇▅▃▁▅ | Total Deposits ($M) | $770 | $795 | $774 | $790 | $780 | $769 | $760 | $782 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |