Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.06 | 0.78% |
| Return on Equity (%) | ▲ | 7.77% | +0.22 | 7.55% |
| Net Interest Margin (%) | ▲ | 3.06% | +0.34 | 2.71% |
| Efficiency Ratio (%) | ▲ | 67.93% | -0.71 | 68.64% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 1.67% | -0.12 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $650 | +41.08 | $609 |
| Gross Loans ($M) | ▲ | $499 | +34.57 | $465 |
| Loan Growth YoY (%) | ▲ | 100.62% | +3.86 | 96.75% |
| Total Deposits ($M) | ▲ | $491 | +15.87 | $475 |
| Shareholders Equity ($M) | ▲ | $70 | +6.97 | $63 |
| Tang. Book Value ($M) | ▲ | $70 | +6.98 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +7.15 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 100.62% | +3.86 | 96.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.05 | 0.26% |
| Allowance / Loans (%) | — | 1.11% | -0.03% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.07 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.61% | +0.68 | 18.93% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 2.61% | 2.61% | 2.65% | 2.71% | 2.76% | 2.81% | 2.88% | 3.06% |
| ▁▂▃▆▅▆█▇ | Return on Assets (%) | 0.54% | 0.62% | 0.66% | 0.78% | 0.75% | 0.77% | 0.89% | 0.83% |
| █▇▆▂▂▂▁▂ | Efficiency Ratio (%) | 77.5% | 75.5% | 73.6% | 68.6% | 69.0% | 68.9% | 66.5% | 67.9% |
| ▄██▆▇▇▆▁ | Cost of Funds (%) | 1.76% | 1.86% | 1.84% | 1.79% | 1.81% | 1.81% | 1.79% | 1.67% |
| ██▅▅▇█▄▁ | NPA / Assets (%) | 0.30% | 0.30% | 0.27% | 0.26% | 0.29% | 0.31% | 0.26% | 0.21% |
| ██▅▅▆█▄▁ | Net Charge-Off Ratio (%) | 0.40% | 0.41% | 0.35% | 0.34% | 0.37% | 0.40% | 0.33% | 0.27% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $58 | $61 | $61 | $63 | $64 | $66 | $68 | $70 |
| ▁▂▄▅▇███ | Gross Loans ($M) | $416 | $435 | $456 | $465 | $479 | $491 | $494 | $499 |
| ▁▄▄▆▆███ | Total Deposits ($M) | $444 | $462 | $466 | $475 | $477 | $489 | $491 | $491 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |