Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.86% | +0.29 | 0.57% |
| Return on Equity (%) | ▲ | 9.59% | +3.07 | 6.52% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.41 | 3.42% |
| Efficiency Ratio (%) | ▲ | 68.92% | -5.58 | 74.50% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.67 | $1 |
| Cost of Funds (%) | ▲ | 2.10% | -0.19 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $673 | +51.63 | $621 |
| Gross Loans ($M) | ▲ | $594 | +37.70 | $556 |
| Loan Growth YoY (%) | ▼ | 97.13% | -1.01 | 98.15% |
| Total Deposits ($M) | ▲ | $604 | +44.40 | $560 |
| Shareholders Equity ($M) | ▲ | $61 | +6.23 | $55 |
| Tang. Book Value ($M) | ▲ | $61 | +6.23 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +7.06 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 97.13% | -1.01 | 98.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.12 | 0.25% |
| Allowance / Loans (%) | — | 1.17% | -0.03% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.12 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.90% | +0.62 | 13.28% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▆█ | Net Interest Margin (%) | 3.34% | 3.35% | 3.38% | 3.42% | 3.52% | 3.60% | 3.69% | 3.83% |
| ▁▁▂▃▆▇██ | Return on Assets (%) | 0.45% | 0.49% | 0.55% | 0.57% | 0.75% | 0.79% | 0.83% | 0.86% |
| ██▇▄▁▁▁▁ | Efficiency Ratio (%) | 81.7% | 81.2% | 78.9% | 74.5% | 69.8% | 68.9% | 69.0% | 68.9% |
| ▄██▆▅▄▄▁ | Cost of Funds (%) | 2.21% | 2.37% | 2.38% | 2.29% | 2.27% | 2.22% | 2.23% | 2.10% |
| ██▅▆▄█▁▁ | NPA / Assets (%) | 0.30% | 0.29% | 0.24% | 0.25% | 0.21% | 0.30% | 0.13% | 0.13% |
| ▇▇▅▆▄█▁▁ | Net Charge-Off Ratio (%) | 0.31% | 0.30% | 0.25% | 0.27% | 0.24% | 0.34% | 0.15% | 0.15% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $51 | $53 | $53 | $55 | $56 | $58 | $60 | $61 |
| ▁▂▃▅▆▇██ | Gross Loans ($M) | $509 | $523 | $537 | $556 | $569 | $580 | $584 | $594 |
| ▁▁▃▄▆███ | Total Deposits ($M) | $520 | $527 | $543 | $560 | $579 | $600 | $597 | $604 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |