Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.05 | 1.06% |
| Return on Equity (%) | ▼ | 11.25% | -1.62 | 12.87% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.04 | 4.04% |
| Efficiency Ratio (%) | ▼ | 64.95% | +11.46 | 53.49% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.42 | $2 |
| Cost of Funds (%) | ▼ | 0.75% | +0.01 | 0.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $313 | +4.92 | $308 |
| Gross Loans ($M) | ▲ | $131 | +12.73 | $118 |
| Loan Growth YoY (%) | ▲ | 49.59% | +6.53 | 43.07% |
| Total Deposits ($M) | ▼ | $259 | -9.79 | $269 |
| Shareholders Equity ($M) | ▲ | $31 | +4.98 | $26 |
| Tang. Book Value ($M) | ▲ | $30 | +5.05 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +5.66 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 49.59% | +6.53 | 43.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.00% | -0.22 | 1.22% |
| Allowance / Loans (%) | — | 1.89% | -0.19% | 2.08% |
| Net Charge-Off Ratio (%) | ▲ | 2.39% | -0.79 | 3.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.53% | +1.02 | 21.52% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇▇█▇ | Net Interest Margin (%) | 3.91% | 3.94% | 3.98% | 4.04% | 4.08% | 4.08% | 4.12% | 4.09% |
| ███▁▄▄▅▂ | Return on Assets (%) | 1.43% | 1.44% | 1.44% | 1.06% | 1.22% | 1.23% | 1.29% | 1.11% |
| ▂▁▁▁▂▂▂█ | Efficiency Ratio (%) | 54.5% | 53.9% | 53.0% | 53.5% | 54.7% | 55.3% | 55.3% | 64.9% |
| ▁▂▃▁█▅▅▂ | Cost of Funds (%) | 0.74% | 0.75% | 0.76% | 0.74% | 0.83% | 0.79% | 0.79% | 0.75% |
| ▁▂▇██▆▆▆ | NPA / Assets (%) | 0.36% | 0.47% | 1.03% | 1.22% | 1.22% | 1.01% | 0.96% | 1.00% |
| ▁▁▆██▆▆▆ | Net Charge-Off Ratio (%) | 0.89% | 1.14% | 2.53% | 3.18% | 2.99% | 2.39% | 2.36% | 2.39% |
| ▁▃▂▅▆▇██ | Tang. Book Value ($M) | $19 | $23 | $22 | $25 | $27 | $29 | $30 | $30 |
| ▁▁▂▄▆▇▇█ | Gross Loans ($M) | $110 | $112 | $113 | $118 | $123 | $128 | $127 | $131 |
| ▁▁▃█▇▆█▆ | Total Deposits ($M) | $236 | $233 | $244 | $269 | $260 | $259 | $266 | $259 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 18% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 5% |