Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.57 | 0.94% |
| Return on Equity (%) | ▲ | 21.11% | +8.00 | 13.11% |
| Net Interest Margin (%) | ▲ | 4.33% | +0.70 | 3.63% |
| Efficiency Ratio (%) | ▲ | 55.43% | -7.64 | 63.07% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.49 | $1 |
| Cost of Funds (%) | ▲ | 2.48% | -0.34 | 2.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $289 | +22.97 | $266 |
| Gross Loans ($M) | ▲ | $254 | +22.99 | $231 |
| Loan Growth YoY (%) | ▲ | 97.01% | +1.40 | 95.61% |
| Total Deposits ($M) | ▲ | $259 | +19.86 | $239 |
| Shareholders Equity ($M) | ▲ | $21 | +1.41 | $19 |
| Tang. Book Value ($M) | ▲ | $21 | +1.41 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 97.01% | +1.40 | 95.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -1.81 | 2.00% |
| Allowance / Loans (%) | — | 0.92% | 0.07% | 0.85% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -2.09 | 2.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.55% | -0.03 | 9.57% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▇▇██ | Net Interest Margin (%) | 3.45% | 3.40% | 3.47% | 3.63% | 4.14% | 4.18% | 4.26% | 4.33% |
| ▂▁▁▁▆▆▇█ | Return on Assets (%) | 1.02% | 0.91% | 0.94% | 0.94% | 1.33% | 1.35% | 1.37% | 1.51% |
| ▇█▇█▁▁▁▁ | Efficiency Ratio (%) | 61.9% | 62.8% | 62.0% | 63.1% | 55.9% | 55.1% | 56.0% | 55.4% |
| ▇██▆▄▃▃▁ | Cost of Funds (%) | 2.86% | 2.96% | 2.94% | 2.82% | 2.71% | 2.66% | 2.62% | 2.48% |
| ▁███▁▁▁▁ | NPA / Assets (%) | 0.12% | 1.92% | 1.92% | 2.00% | 0.15% | 0.05% | 0.19% | 0.20% |
| ▁███▁▁▁▁ | Net Charge-Off Ratio (%) | 0.14% | 2.31% | 2.24% | 2.31% | 0.18% | 0.06% | 0.22% | 0.22% |
| ▁▃▄▅▇███ | Tang. Book Value ($M) | $17 | $18 | $19 | $19 | $20 | $20 | $20 | $21 |
| ▁▂▃▄▆▇██ | Gross Loans ($M) | $213 | $219 | $225 | $231 | $241 | $247 | $250 | $254 |
| ▁▄▄▃▅▇██ | Total Deposits ($M) | $230 | $244 | $242 | $239 | $247 | $253 | $260 | $259 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 14% |