Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.45 | 0.64% |
| Return on Equity (%) | ▲ | 11.43% | +4.56 | 6.87% |
| Net Interest Margin (%) | ▲ | 3.71% | +0.40 | 3.31% |
| Efficiency Ratio (%) | ▲ | 60.88% | -15.36 | 76.24% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.12 | $1 |
| Cost of Funds (%) | ▲ | 1.59% | -0.14 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $642 | +22.37 | $620 |
| Gross Loans ($M) | ▲ | $486 | +22.49 | $464 |
| Loan Growth YoY (%) | ▲ | 83.64% | +1.36 | 82.27% |
| Total Deposits ($M) | ▲ | $576 | +17.64 | $558 |
| Shareholders Equity ($M) | ▲ | $61 | +3.19 | $57 |
| Tang. Book Value ($M) | ▲ | $57 | +3.41 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +3.54 | $58 |
| Loan / Deposit Ratio (%) | ▲ | 83.64% | +1.36 | 82.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.65% | +0.10 | 0.56% |
| Allowance / Loans (%) | — | 0.98% | -0.02% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.14 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.05% | -0.37 | 13.42% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 3.02% | 3.04% | 3.09% | 3.31% | 3.42% | 3.51% | 3.58% | 3.71% |
| ▁▁▂▂▃▆▇█ | Return on Assets (%) | 0.57% | 0.63% | 0.67% | 0.64% | 0.76% | 0.91% | 1.00% | 1.09% |
| ████▆▄▂▁ | Efficiency Ratio (%) | 76.6% | 77.5% | 75.5% | 76.2% | 72.1% | 67.8% | 64.9% | 60.9% |
| ██▇▃▂▃▂▁ | Cost of Funds (%) | 2.08% | 2.03% | 1.96% | 1.73% | 1.70% | 1.72% | 1.68% | 1.59% |
| ▁▁▂▆█▃▃█ | NPA / Assets (%) | 0.31% | 0.31% | 0.37% | 0.56% | 0.61% | 0.44% | 0.41% | 0.65% |
| ▁▂▄▅▆▂▁█ | Net Charge-Off Ratio (%) | 0.33% | 0.40% | 0.48% | 0.55% | 0.59% | 0.41% | 0.36% | 0.70% |
| ▄▄▁▂▃▅██ | Tang. Book Value ($M) | $55 | $55 | $53 | $53 | $54 | $55 | $56 | $57 |
| ▆▁▁▁▂▃▅█ | Gross Loans ($M) | $477 | $461 | $464 | $464 | $467 | $470 | $477 | $486 |
| █▆▁▃▁▄▃█ | Total Deposits ($M) | $575 | $566 | $548 | $558 | $548 | $559 | $556 | $576 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 10% |