Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.13 | 1.32% |
| Return on Equity (%) | ▼ | 13.85% | -0.14 | 13.99% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.18 | 4.24% |
| Efficiency Ratio (%) | ▲ | 57.67% | -2.09 | 59.76% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.28 | $2 |
| Cost of Funds (%) | ▲ | 0.72% | -0.22 | 0.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $562 | -5.41 | $567 |
| Gross Loans ($M) | ▲ | $362 | +2.56 | $360 |
| Loan Growth YoY (%) | ▲ | 73.28% | +1.88 | 71.40% |
| Total Deposits ($M) | ▼ | $488 | -10.10 | $499 |
| Shareholders Equity ($M) | ▲ | $60 | +5.47 | $54 |
| Tang. Book Value ($M) | ▲ | $60 | +5.47 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +3.92 | $61 |
| Loan / Deposit Ratio (%) | ▲ | 73.28% | +1.88 | 71.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.06 | 0.19% |
| Allowance / Loans (%) | — | 1.19% | 0.15% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.10 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇████ | Net Interest Margin (%) | 3.55% | 3.68% | 3.79% | 4.24% | 4.34% | 4.42% | 4.43% | 4.42% |
| ▁▂▃▆▇███ | Return on Assets (%) | 0.99% | 1.08% | 1.14% | 1.32% | 1.36% | 1.42% | 1.42% | 1.45% |
| █▆▆▄▂▁▁▁ | Efficiency Ratio (%) | 63.4% | 61.9% | 61.2% | 59.8% | 58.8% | 57.5% | 57.9% | 57.7% |
| ██▇▅▄▄▃▁ | Cost of Funds (%) | 1.07% | 1.10% | 1.01% | 0.94% | 0.90% | 0.91% | 0.84% | 0.72% |
| ▁▁▂███▅▅ | NPA / Assets (%) | 0.06% | 0.07% | 0.08% | 0.19% | 0.19% | 0.19% | 0.13% | 0.13% |
| ▁▁▂███▅▅ | Net Charge-Off Ratio (%) | 0.09% | 0.11% | 0.12% | 0.31% | 0.30% | 0.31% | 0.21% | 0.21% |
| ▁▃▃▅▆███ | Tang. Book Value ($M) | $48 | $52 | $52 | $54 | $56 | $58 | $60 | $60 |
| ▆▃█▄▅▁▅▅ | Gross Loans ($M) | $363 | $357 | $369 | $360 | $363 | $352 | $363 | $362 |
| █▆▂▄█▆▅▁ | Total Deposits ($M) | $510 | $504 | $491 | $499 | $509 | $502 | $502 | $488 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 15% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 3% |