Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.80% | +0.85 | 0.95% |
| Return on Equity (%) | ▲ | 14.49% | +6.07 | 8.42% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.61 | 3.81% |
| Efficiency Ratio (%) | ▲ | 68.09% | -2.02 | 70.11% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.52 | $3 |
| Cost of Funds (%) | ▲ | 1.35% | -0.29 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $935 | -62.32 | $998 |
| Gross Loans ($M) | ▲ | $796 | +9.10 | $787 |
| Loan Growth YoY (%) | ▲ | 98.94% | +5.96 | 92.98% |
| Total Deposits ($M) | ▼ | $801 | -39.88 | $841 |
| Shareholders Equity ($M) | ▲ | $118 | +7.00 | $111 |
| Tang. Book Value ($M) | ▲ | $118 | +7.00 | $111 |
| TBV excl. AOCI ($M)** | ▲ | $123 | +5.36 | $117 |
| Loan / Deposit Ratio (%) | ▲ | 98.94% | +5.96 | 92.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.15 | 0.16% |
| Allowance / Loans (%) | — | 0.41% | -0.20% | 0.62% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.10 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.35% | 3.42% | 3.51% | 3.81% | 3.98% | 4.10% | 4.18% | 4.42% |
| ▁▁▁▂▃▃▃█ | Return on Assets (%) | 0.77% | 0.74% | 0.79% | 0.95% | 1.01% | 1.07% | 1.10% | 1.80% |
| ██▇▅▂▂▁▂ | Efficiency Ratio (%) | 73.6% | 74.0% | 72.3% | 70.1% | 68.1% | 67.2% | 66.2% | 68.1% |
| ███▄▅▃▂▁ | Cost of Funds (%) | 1.94% | 1.98% | 1.90% | 1.64% | 1.69% | 1.57% | 1.47% | 1.35% |
| ████▆▅▄▁ | NPA / Assets (%) | 0.15% | 0.16% | 0.15% | 0.16% | 0.12% | 0.10% | 0.08% | 0.01% |
| ██▇█▂▂▂▁ | Net Charge-Off Ratio (%) | 0.12% | 0.12% | 0.11% | 0.12% | 0.03% | 0.04% | 0.04% | 0.02% |
| ▁▃▃▄▆▅▇█ | Tang. Book Value ($M) | $104 | $109 | $109 | $111 | $114 | $112 | $115 | $118 |
| ▁▁▃▆▇▆██ | Gross Loans ($M) | $756 | $760 | $770 | $787 | $792 | $786 | $798 | $796 |
| ▁▂▂█▅▃▄▄ | Total Deposits ($M) | $775 | $785 | $789 | $841 | $813 | $799 | $804 | $801 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 24% |