Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.77% | +0.02 | 0.75% |
| Return on Equity (%) | ▼ | 9.35% | -0.70 | 10.05% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.15 | 3.44% |
| Efficiency Ratio (%) | ▼ | 78.49% | +3.16 | 75.33% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.04 | $2 |
| Cost of Funds (%) | ▲ | 1.53% | -0.12 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $746 | +34.23 | $712 |
| Gross Loans ($M) | ▲ | $442 | +17.18 | $425 |
| Loan Growth YoY (%) | ▲ | 63.93% | +0.22 | 63.72% |
| Total Deposits ($M) | ▲ | $680 | +24.60 | $655 |
| Shareholders Equity ($M) | ▲ | $61 | +7.58 | $54 |
| Tang. Book Value ($M) | ▲ | $61 | +7.58 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +10.08 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 63.93% | +0.22 | 63.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.14 | 0.03% |
| Allowance / Loans (%) | — | 1.61% | -0.06% | 1.67% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.24 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.84% | -0.05 | 11.88% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▄▅▆▆█ | Net Interest Margin (%) | 3.31% | 3.40% | 3.45% | 3.44% | 3.46% | 3.51% | 3.51% | 3.60% |
| ▁▁▃▁▃██▂ | Return on Assets (%) | 0.76% | 0.76% | 0.77% | 0.75% | 0.78% | 0.84% | 0.84% | 0.77% |
| ▂▂▁▂▃▁▁█ | Efficiency Ratio (%) | 75.2% | 75.2% | 74.6% | 75.3% | 75.7% | 74.8% | 74.9% | 78.5% |
| ▅█▂▃▅▆▃▁ | Cost of Funds (%) | 1.77% | 1.94% | 1.59% | 1.65% | 1.75% | 1.82% | 1.66% | 1.53% |
| ▄▁▁▁▁███ | NPA / Assets (%) | 0.10% | 0.04% | 0.03% | 0.03% | 0.03% | 0.18% | 0.17% | 0.17% |
| ▂▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.09% | 0.06% | 0.06% | 0.05% | 0.05% | 0.29% | 0.30% | 0.29% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $48 | $54 | $51 | $54 | $56 | $59 | $63 | $61 |
| ▁▁▂▆▇▇██ | Gross Loans ($M) | $395 | $398 | $406 | $425 | $434 | $435 | $439 | $442 |
| ▃▁▄▅▆▆█▇ | Total Deposits ($M) | $624 | $595 | $638 | $655 | $669 | $666 | $695 | $680 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 9% |