Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.13% | -0.05 | 1.19% |
| Return on Equity (%) | ▼ | 8.84% | -1.24 | 10.08% |
| Net Interest Margin (%) | ▲ | 4.33% | +0.35 | 3.98% |
| Efficiency Ratio (%) | ▲ | 58.17% | -1.30 | 59.47% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.01 | $3 |
| Cost of Funds (%) | ▲ | 1.92% | -0.23 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $879 | +50.56 | $828 |
| Gross Loans ($M) | ▲ | $729 | +27.94 | $701 |
| Loan Growth YoY (%) | ▲ | 106.07% | +1.87 | 104.20% |
| Total Deposits ($M) | ▲ | $681 | +14.04 | $667 |
| Shareholders Equity ($M) | ▲ | $116 | +16.28 | $99 |
| Tang. Book Value ($M) | ▲ | $103 | +3.76 | $99 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +3.88 | $103 |
| Loan / Deposit Ratio (%) | ▲ | 106.07% | +1.87 | 104.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.00 | 0.03% |
| Allowance / Loans (%) | — | 0.86% | 0.05% | 0.81% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.00 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.29% | -1.29 | 15.58% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 3.72% | 3.74% | 3.75% | 3.98% | 4.01% | 4.10% | 4.11% | 4.33% |
| ▁▁▁▇███▆ | Return on Assets (%) | 0.84% | 0.89% | 0.89% | 1.19% | 1.28% | 1.30% | 1.25% | 1.13% |
| ██▇▃▁▁▁▂ | Efficiency Ratio (%) | 66.5% | 65.4% | 64.9% | 59.5% | 57.9% | 57.0% | 57.2% | 58.2% |
| ▆███▆▄▃▁ | Cost of Funds (%) | 2.12% | 2.18% | 2.18% | 2.16% | 2.09% | 2.03% | 2.01% | 1.92% |
| ▆█▅▅▅▁▆▅ | NPA / Assets (%) | 0.03% | 0.05% | 0.03% | 0.03% | 0.03% | 0.00% | 0.03% | 0.03% |
| ▆█▅▅▅▁▆▅ | Net Charge-Off Ratio (%) | 0.04% | 0.06% | 0.03% | 0.03% | 0.03% | 0.00% | 0.04% | 0.04% |
| ▁▂▃▄▆▇█▆ | Tang. Book Value ($M) | $92 | $95 | $97 | $99 | $102 | $105 | $108 | $103 |
| ▁▃▇▆▅▇██ | Gross Loans ($M) | $647 | $677 | $710 | $701 | $697 | $719 | $729 | $729 |
| ▁▃▅▆▅▅█▇ | Total Deposits ($M) | $598 | $627 | $653 | $667 | $657 | $662 | $701 | $681 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 21% |