Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.24 | 0.64% |
| Return on Equity (%) | ▲ | 9.89% | +1.93 | 7.96% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.16 | 3.19% |
| Efficiency Ratio (%) | ▲ | 67.74% | -6.96 | 74.70% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.81 | $2 |
| Cost of Funds (%) | ▲ | 1.02% | -0.11 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,026 | +30.09 | $996 |
| Gross Loans ($M) | ▲ | $582 | +21.10 | $561 |
| Loan Growth YoY (%) | ▲ | 61.67% | +0.87 | 60.81% |
| Total Deposits ($M) | ▲ | $933 | +21.32 | $911 |
| Shareholders Equity ($M) | ▲ | $91 | +9.09 | $82 |
| Tang. Book Value ($M) | ▲ | $90 | +9.19 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $101 | +8.41 | $93 |
| Loan / Deposit Ratio (%) | ▲ | 61.67% | +0.87 | 60.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.03 | 0.06% |
| Allowance / Loans (%) | — | 1.16% | -0.04% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.05 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.07% | +1.03 | 15.04% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.03% | 3.05% | 3.08% | 3.19% | 3.20% | 3.25% | 3.28% | 3.35% |
| ▁▂▁▁▂▅▄█ | Return on Assets (%) | 0.65% | 0.67% | 0.67% | 0.64% | 0.70% | 0.77% | 0.74% | 0.88% |
| ▆▆▅█▅▄▂▁ | Efficiency Ratio (%) | 72.9% | 72.4% | 71.6% | 74.7% | 71.8% | 70.6% | 69.2% | 67.7% |
| ▄█▇▄▂▄▁▁ | Cost of Funds (%) | 1.12% | 1.28% | 1.22% | 1.13% | 1.08% | 1.12% | 1.05% | 1.02% |
| ██▅▆▃▁▅▃ | NPA / Assets (%) | 0.08% | 0.08% | 0.05% | 0.06% | 0.03% | 0.01% | 0.05% | 0.03% |
| ██▅▆▃▁▅▃ | Net Charge-Off Ratio (%) | 0.14% | 0.14% | 0.09% | 0.11% | 0.05% | 0.02% | 0.09% | 0.05% |
| ▁▅▂▄▆▇██ | Tang. Book Value ($M) | $73 | $82 | $76 | $81 | $84 | $88 | $90 | $90 |
| ▇▃▂▁▂▁▃█ | Gross Loans ($M) | $578 | $566 | $564 | $561 | $563 | $558 | $566 | $582 |
| █▁▁▃▇▄▅▆ | Total Deposits ($M) | $947 | $903 | $897 | $911 | $941 | $918 | $924 | $933 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 5% |
| Consumer | 2% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 9% |