Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.18 | 0.63% |
| Return on Equity (%) | ▲ | 9.62% | +2.56 | 7.06% |
| Net Interest Margin (%) | ▲ | 4.11% | +0.24 | 3.87% |
| Efficiency Ratio (%) | ▲ | 70.19% | -4.88 | 75.06% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.49 | $1 |
| Cost of Funds (%) | ▲ | 1.80% | -0.21 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $539 | +52.54 | $487 |
| Gross Loans ($M) | ▲ | $447 | +46.52 | $400 |
| Loan Growth YoY (%) | ▲ | 90.18% | +0.15 | 90.03% |
| Total Deposits ($M) | ▲ | $489 | +50.43 | $438 |
| Shareholders Equity ($M) | ▲ | $45 | +1.58 | $44 |
| Tang. Book Value ($M) | ▲ | $45 | +1.58 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +1.51 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 90.18% | +0.15 | 90.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.25% | +0.01 | 0.25% |
| Allowance / Loans (%) | — | 1.37% | -0.06% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.00 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.24% | -1.20 | 11.44% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▂▃▅▄█ | Net Interest Margin (%) | 3.81% | 3.88% | 3.94% | 3.87% | 3.92% | 3.96% | 3.95% | 4.11% |
| ▄▅█▁▂▂▃▃ | Return on Assets (%) | 0.95% | 1.01% | 1.30% | 0.63% | 0.72% | 0.78% | 0.82% | 0.81% |
| ▂▁▁█▅▃▁▃ | Efficiency Ratio (%) | 69.9% | 68.4% | 68.3% | 75.1% | 72.1% | 70.2% | 69.0% | 70.2% |
| ▆▇▇▆▁█▆▁ | Cost of Funds (%) | 1.99% | 2.04% | 2.02% | 2.01% | 1.80% | 2.10% | 1.99% | 1.80% |
| ██▁▂▁▂▂▂ | NPA / Assets (%) | 1.15% | 1.16% | 0.14% | 0.25% | 0.02% | 0.23% | 0.21% | 0.25% |
| ██▁▂▁▂▂▂ | Net Charge-Off Ratio (%) | 1.32% | 1.34% | 0.17% | 0.30% | 0.02% | 0.28% | 0.25% | 0.31% |
| ▁▃▇▆▆▇██ | Tang. Book Value ($M) | $40 | $41 | $44 | $44 | $44 | $45 | $45 | $45 |
| ▄▄▂▁▄▇██ | Gross Loans ($M) | $424 | $421 | $407 | $400 | $422 | $436 | $447 | $447 |
| ▁▃▁▁▅▆██ | Total Deposits ($M) | $442 | $458 | $439 | $438 | $469 | $476 | $492 | $489 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 15% |
| Consumer | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 7% |