Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.09 | 1.18% |
| Return on Equity (%) | ▲ | 6.88% | +1.04 | 5.84% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.35 | 3.12% |
| Efficiency Ratio (%) | ▲ | 47.92% | -3.01 | 50.93% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.78 | $2 |
| Cost of Funds (%) | ▲ | 2.27% | -0.36 | 2.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $685 | +78.38 | $606 |
| Gross Loans ($M) | ▲ | $511 | +87.32 | $424 |
| Loan Growth YoY (%) | ▲ | 110.04% | +13.46 | 96.58% |
| Total Deposits ($M) | ▲ | $459 | +25.45 | $434 |
| Shareholders Equity ($M) | ▲ | $125 | +4.93 | $120 |
| Tang. Book Value ($M) | ▲ | $125 | +4.93 | $120 |
| TBV excl. AOCI ($M)** | ▲ | $129 | +5.25 | $123 |
| Loan / Deposit Ratio (%) | ▲ | 110.04% | +13.46 | 96.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.78% | +0.59 | 0.19% |
| Allowance / Loans (%) | — | 1.10% | -0.00% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 1.05% | +0.78 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 25.11% | -3.50 | 28.61% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▆▇█ | Net Interest Margin (%) | 3.06% | 3.04% | 3.05% | 3.12% | 3.21% | 3.33% | 3.38% | 3.46% |
| ▁▁▂▅▆█▇█ | Return on Assets (%) | 1.06% | 1.05% | 1.09% | 1.18% | 1.21% | 1.26% | 1.24% | 1.27% |
| ██▇▃▂▁▂▁ | Efficiency Ratio (%) | 57.8% | 57.2% | 55.6% | 50.9% | 49.4% | 48.5% | 49.3% | 47.9% |
| ████▇▆▅▁ | Cost of Funds (%) | 2.62% | 2.62% | 2.65% | 2.63% | 2.56% | 2.53% | 2.48% | 2.27% |
| ▁▂▁▂▇▆██ | NPA / Assets (%) | 0.07% | 0.19% | 0.13% | 0.19% | 0.61% | 0.58% | 0.71% | 0.78% |
| ▁▂▁▂▇▆██ | Net Charge-Off Ratio (%) | 0.09% | 0.26% | 0.18% | 0.28% | 0.82% | 0.74% | 0.93% | 1.05% |
| ▁▃▂▄▅▆▇█ | Tang. Book Value ($M) | $116 | $118 | $118 | $120 | $120 | $122 | $123 | $125 |
| ▁▁▂▂▅▇██ | Gross Loans ($M) | $396 | $398 | $410 | $424 | $458 | $487 | $499 | $511 |
| ▁▃▄▆▆▇█▇ | Total Deposits ($M) | $345 | $389 | $398 | $434 | $440 | $451 | $480 | $459 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 32% |