Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.03 | 1.60% |
| Return on Equity (%) | ▼ | 13.44% | -2.06 | 15.50% |
| Net Interest Margin (%) | ▲ | 4.70% | +0.35 | 4.35% |
| Efficiency Ratio (%) | ▼ | 55.47% | +1.94 | 53.53% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.17 | $5 |
| Cost of Funds (%) | ▲ | 1.34% | -0.15 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $913 | +3.90 | $909 |
| Gross Loans ($M) | ▲ | $664 | +40.70 | $623 |
| Loan Growth YoY (%) | ▲ | 82.64% | +6.32 | 76.32% |
| Total Deposits ($M) | ▼ | $794 | -13.06 | $807 |
| Shareholders Equity ($M) | ▲ | $110 | +15.79 | $94 |
| Tang. Book Value ($M) | ▲ | $107 | +16.03 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $114 | +17.43 | $96 |
| Loan / Deposit Ratio (%) | ▲ | 82.64% | +6.32 | 76.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.26 | 0.41% |
| Allowance / Loans (%) | — | 1.07% | 0.00% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.42 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▄▅▇█ | Net Interest Margin (%) | 4.25% | 4.27% | 4.30% | 4.35% | 4.44% | 4.53% | 4.59% | 4.70% |
| ▁▁▂▃▆██▄ | Return on Assets (%) | 1.50% | 1.50% | 1.54% | 1.60% | 1.69% | 1.77% | 1.78% | 1.63% |
| ██▇▄▂▁▂▇ | Efficiency Ratio (%) | 56.5% | 55.9% | 55.7% | 53.5% | 51.7% | 50.6% | 51.6% | 55.5% |
| ██▇▃▃▃▃▁ | Cost of Funds (%) | 1.80% | 1.77% | 1.69% | 1.50% | 1.47% | 1.51% | 1.49% | 1.34% |
| ▄█▅▄▄▆▆▁ | NPA / Assets (%) | 0.41% | 0.67% | 0.46% | 0.41% | 0.39% | 0.49% | 0.52% | 0.16% |
| ▄█▅▅▅▁▁▁ | Net Charge-Off Ratio (%) | 0.52% | 0.92% | 0.63% | 0.58% | 0.56% | 0.22% | 0.23% | 0.16% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $80 | $85 | $86 | $91 | $94 | $100 | $104 | $107 |
| ▁▁▂▄▄▅▇█ | Gross Loans ($M) | $597 | $597 | $612 | $623 | $625 | $632 | $652 | $664 |
| ▁▃▄▇█▆▂▆ | Total Deposits ($M) | $742 | $762 | $772 | $807 | $819 | $793 | $761 | $794 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 12% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 2% |