Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.20 | 0.96% |
| Return on Equity (%) | ▲ | 12.83% | +1.60 | 11.23% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.62 | 3.23% |
| Efficiency Ratio (%) | ▲ | 61.69% | -7.99 | 69.68% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.52 | $1 |
| Cost of Funds (%) | ▲ | 1.90% | -0.52 | 2.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $377 | +1.33 | $375 |
| Gross Loans ($M) | ▲ | $310 | +30.57 | $280 |
| Loan Growth YoY (%) | ▲ | 90.47% | +9.22 | 81.25% |
| Total Deposits ($M) | ▼ | $339 | -1.39 | $341 |
| Shareholders Equity ($M) | ▲ | $35 | +2.37 | $33 |
| Tang. Book Value ($M) | ▲ | $34 | +2.49 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +3.00 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 90.47% | +9.22 | 81.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.09% | +1.48 | 0.60% |
| Allowance / Loans (%) | — | 1.09% | 0.03% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 2.28% | +1.47 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.13% | -0.66 | 11.79% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▆█ | Net Interest Margin (%) | 3.16% | 3.10% | 3.14% | 3.23% | 3.35% | 3.43% | 3.61% | 3.86% |
| ▁▁▂▅▄▅▅█ | Return on Assets (%) | 0.70% | 0.69% | 0.77% | 0.96% | 0.89% | 0.95% | 0.98% | 1.17% |
| ██▇▆▃▂▁▁ | Efficiency Ratio (%) | 72.8% | 73.4% | 71.1% | 69.7% | 66.0% | 64.2% | 61.6% | 61.7% |
| ▅█▇▅▃▄▂▁ | Cost of Funds (%) | 2.37% | 2.81% | 2.61% | 2.42% | 2.24% | 2.28% | 2.08% | 1.90% |
| ▁▁▁▁▁▃██ | NPA / Assets (%) | 0.61% | 0.73% | 0.63% | 0.60% | 0.71% | 1.05% | 2.05% | 2.09% |
| ▁▁▁▁▁▃██ | Net Charge-Off Ratio (%) | 0.80% | 0.92% | 0.82% | 0.81% | 0.95% | 1.27% | 2.20% | 2.28% |
| ▁▂▂▄▆█▇█ | Tang. Book Value ($M) | $30 | $31 | $31 | $32 | $33 | $34 | $33 | $34 |
| ▃▃▂▁▃▄██ | Gross Loans ($M) | $289 | $288 | $286 | $280 | $288 | $295 | $307 | $310 |
| ▆▁▄▄▇█▅▄ | Total Deposits ($M) | $346 | $328 | $339 | $341 | $347 | $353 | $343 | $339 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 7% |