Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.71% | +0.06 | 0.65% |
| Return on Equity (%) | ▼ | 9.38% | -0.25 | 9.63% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.33 | 3.51% |
| Efficiency Ratio (%) | ▲ | 77.58% | -3.81 | 81.38% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.18 | $1 |
| Cost of Funds (%) | ▲ | 2.40% | -0.22 | 2.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $348 | +2.38 | $345 |
| Gross Loans ($M) | ▲ | $243 | +4.55 | $239 |
| Loan Growth YoY (%) | ▲ | 81.53% | +1.92 | 79.60% |
| Total Deposits ($M) | ▼ | $295 | -1.53 | $296 |
| Shareholders Equity ($M) | ▲ | $27 | +3.01 | $24 |
| Tang. Book Value ($M) | ▲ | $27 | +3.01 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +3.72 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 81.53% | +1.92 | 79.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.55% | -0.56 | 1.11% |
| Allowance / Loans (%) | — | 1.25% | 0.02% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.58% | -1.02 | 1.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.61% | +0.86 | 12.75% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▃▅█ | Net Interest Margin (%) | 3.48% | 3.50% | 3.51% | 3.51% | 3.54% | 3.61% | 3.67% | 3.84% |
| ▅▆▁█████ | Return on Assets (%) | 0.44% | 0.47% | 0.05% | 0.65% | 0.66% | 0.65% | 0.68% | 0.71% |
| ██▇▄▄▄▃▁ | Efficiency Ratio (%) | 87.4% | 86.6% | 86.0% | 81.4% | 81.4% | 82.1% | 80.9% | 77.6% |
| ▇██▄▅▄▂▁ | Cost of Funds (%) | 2.82% | 2.92% | 2.87% | 2.62% | 2.68% | 2.66% | 2.51% | 2.40% |
| ▁▄██▁▂▂▄ | NPA / Assets (%) | 0.09% | 0.51% | 1.19% | 1.11% | 0.22% | 0.37% | 0.37% | 0.55% |
| ▁▄██▁▂▁▃ | Net Charge-Off Ratio (%) | 0.13% | 0.72% | 1.66% | 1.60% | 0.04% | 0.26% | 0.23% | 0.58% |
| ▂▆▁▃▃▆██ | Tang. Book Value ($M) | $23 | $26 | $22 | $24 | $24 | $26 | $26 | $27 |
| ██▆▅▂▁▄▇ | Gross Loans ($M) | $248 | $245 | $240 | $239 | $229 | $224 | $235 | $243 |
| ▂▃▁▅█▁█▅ | Total Deposits ($M) | $291 | $292 | $288 | $296 | $300 | $290 | $301 | $295 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 12% |