Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.00% | +0.34 | 1.66% |
| Return on Equity (%) | ▲ | 19.80% | +3.42 | 16.38% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.51 | 3.94% |
| Efficiency Ratio (%) | ▲ | 55.93% | -2.63 | 58.56% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.64 | $3 |
| Cost of Funds (%) | ▲ | 1.28% | -0.33 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $699 | +13.10 | $686 |
| Gross Loans ($M) | ▼ | $560 | -8.32 | $568 |
| Loan Growth YoY (%) | ▼ | 87.99% | -4.39 | 92.38% |
| Total Deposits ($M) | ▲ | $628 | +20.78 | $608 |
| Shareholders Equity ($M) | ▼ | $65 | -6.00 | $71 |
| Tang. Book Value ($M) | ▼ | $65 | -6.00 | $71 |
| TBV excl. AOCI ($M)** | ▼ | $68 | -6.24 | $74 |
| Loan / Deposit Ratio (%) | ▼ | 87.99% | -4.39 | 92.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.56 | 0.61% |
| Allowance / Loans (%) | — | 1.27% | 0.03% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.67 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.90% | -1.36 | 13.26% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 3.52% | 3.55% | 3.65% | 3.94% | 4.03% | 4.08% | 4.13% | 4.44% |
| ▁▁▂▄▃▅▄█ | Return on Assets (%) | 1.39% | 1.36% | 1.44% | 1.66% | 1.56% | 1.69% | 1.68% | 2.00% |
| ▆██▄▆▄▅▁ | Efficiency Ratio (%) | 60.0% | 61.9% | 61.2% | 58.6% | 59.9% | 58.3% | 59.4% | 55.9% |
| ▇█▆▅▅▅▃▁ | Cost of Funds (%) | 1.76% | 1.83% | 1.65% | 1.61% | 1.59% | 1.56% | 1.46% | 1.28% |
| ▃▁▁█▁▂▁▁ | NPA / Assets (%) | 0.21% | 0.04% | 0.03% | 0.61% | 0.02% | 0.14% | 0.02% | 0.05% |
| ▁▁▁█▁▂▁▁ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.04% | 0.73% | 0.03% | 0.18% | 0.02% | 0.06% |
| ▁▂▃▅▆▇█▂ | Tang. Book Value ($M) | $63 | $66 | $67 | $71 | $72 | $75 | $77 | $65 |
| ▁▁▂▆█▂▄▂ | Gross Loans ($M) | $557 | $556 | $560 | $568 | $574 | $559 | $563 | $560 |
| ▃▁▁▄▆▇██ | Total Deposits ($M) | $603 | $590 | $594 | $608 | $617 | $619 | $627 | $628 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 9% |