Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.59% | -0.16 | 0.75% |
| Return on Equity (%) | ▼ | 8.50% | -4.36 | 12.86% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.22 | 3.33% |
| Efficiency Ratio (%) | ▲ | 75.39% | -0.36 | 75.75% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $1 |
| Cost of Funds (%) | ▼ | 1.54% | +0.12 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $410 | +10.16 | $400 |
| Gross Loans ($M) | ▲ | $292 | +8.67 | $284 |
| Loan Growth YoY (%) | ▲ | 83.34% | +6.74 | 76.59% |
| Total Deposits ($M) | ▼ | $347 | -18.62 | $365 |
| Shareholders Equity ($M) | ▲ | $28 | +3.93 | $24 |
| Tang. Book Value ($M) | ▲ | $28 | +3.93 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +3.97 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 83.34% | +6.74 | 76.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.89% | -0.25 | 1.14% |
| Allowance / Loans (%) | — | 1.13% | -0.19% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 1.25% | +0.30 | 0.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.34% | -0.08 | 12.41% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅████ | Net Interest Margin (%) | 3.07% | 3.10% | 3.15% | 3.33% | 3.51% | 3.52% | 3.55% | 3.54% |
| ▁▄▆█▇▇▆▃ | Return on Assets (%) | 0.50% | 0.60% | 0.67% | 0.75% | 0.71% | 0.71% | 0.68% | 0.59% |
| █▇▆▄▃▂▁▄ | Efficiency Ratio (%) | 82.0% | 80.0% | 78.3% | 75.8% | 73.4% | 72.8% | 69.9% | 75.4% |
| ▆█▅▁▃▁▆▆ | Cost of Funds (%) | 1.55% | 1.60% | 1.52% | 1.42% | 1.46% | 1.43% | 1.54% | 1.54% |
| ▄▅▅▄▄█▇▁ | NPA / Assets (%) | 1.12% | 1.16% | 1.16% | 1.14% | 1.09% | 1.40% | 1.31% | 0.89% |
| ▅▆▁▁▁█▇▃ | Net Charge-Off Ratio (%) | 1.59% | 1.70% | 1.00% | 0.95% | 0.88% | 2.05% | 1.88% | 1.25% |
| ▁▄▂▄▆███ | Tang. Book Value ($M) | $20 | $24 | $22 | $24 | $26 | $28 | $29 | $28 |
| ▂▁▃▄▃▄██ | Gross Loans ($M) | $278 | $275 | $281 | $284 | $281 | $283 | $293 | $292 |
| ▆█▇▅▄▄▄▁ | Total Deposits ($M) | $372 | $382 | $377 | $365 | $364 | $362 | $361 | $347 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 18% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 4% |