Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.04 | 1.14% |
| Return on Equity (%) | ▼ | 11.41% | -1.13 | 12.54% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.16 | 3.43% |
| Efficiency Ratio (%) | ▲ | 59.05% | -2.50 | 61.55% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.50 | $3 |
| Cost of Funds (%) | ▲ | 1.18% | -0.13 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $945 | +11.44 | $933 |
| Gross Loans ($M) | ▲ | $506 | +20.05 | $486 |
| Loan Growth YoY (%) | ▲ | 59.66% | +2.60 | 57.06% |
| Total Deposits ($M) | ▼ | $837 | -3.18 | $840 |
| Shareholders Equity ($M) | ▲ | $101 | +13.58 | $88 |
| Tang. Book Value ($M) | ▲ | $101 | +13.58 | $88 |
| TBV excl. AOCI ($M)** | ▲ | $117 | +14.90 | $102 |
| Loan / Deposit Ratio (%) | ▲ | 59.66% | +2.60 | 57.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.47% | -0.04 | 0.51% |
| Allowance / Loans (%) | — | 1.27% | -0.03% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.85% | -0.13 | 0.98% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅████ | Net Interest Margin (%) | 3.14% | 3.21% | 3.25% | 3.43% | 3.57% | 3.62% | 3.62% | 3.59% |
| ▁▂▁▅▇█▇▆ | Return on Assets (%) | 0.93% | 0.98% | 0.94% | 1.14% | 1.23% | 1.28% | 1.24% | 1.18% |
| █▇█▄▁▁▂▁ | Efficiency Ratio (%) | 65.6% | 63.8% | 64.9% | 61.5% | 59.0% | 58.2% | 60.1% | 59.1% |
| █▇▆▅▄▅▁▂ | Cost of Funds (%) | 1.46% | 1.42% | 1.35% | 1.30% | 1.27% | 1.32% | 1.14% | 1.18% |
| ▁█▂▂▂▁▁▁ | NPA / Assets (%) | 0.47% | 0.79% | 0.53% | 0.51% | 0.53% | 0.47% | 0.45% | 0.47% |
| ▁█▃▂▂▁▁▁ | Net Charge-Off Ratio (%) | 0.89% | 1.49% | 1.02% | 0.98% | 0.97% | 0.85% | 0.87% | 0.85% |
| ▁▄▂▄▆███ | Tang. Book Value ($M) | $78 | $88 | $82 | $88 | $93 | $100 | $99 | $101 |
| ▁▃▄▅▇███ | Gross Loans ($M) | $464 | $478 | $484 | $486 | $500 | $504 | $503 | $506 |
| ▁▁▅▄▃▃█▄ | Total Deposits ($M) | $799 | $807 | $844 | $840 | $832 | $825 | $889 | $837 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 7% |