Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.28% | +0.12 | 0.16% |
| Return on Equity (%) | ▲ | 3.20% | +1.37 | 1.83% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.04 | 3.25% |
| Efficiency Ratio (%) | ▼ | 80.31% | +2.94 | 77.37% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.06 | $1 |
| Cost of Funds (%) | ▲ | 2.21% | -0.38 | 2.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $528 | +25.33 | $503 |
| Gross Loans ($M) | ▲ | $383 | +59.30 | $324 |
| Loan Growth YoY (%) | ▲ | 89.58% | +13.56 | 76.03% |
| Total Deposits ($M) | ▲ | $424 | +3.03 | $421 |
| Shareholders Equity ($M) | ▲ | $47 | +1.91 | $45 |
| Tang. Book Value ($M) | ▲ | $47 | +1.93 | $45 |
| TBV excl. AOCI ($M)** | ▼ | $50 | -0.17 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 89.58% | +13.56 | 76.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.62% | +0.61 | 2.00% |
| Allowance / Loans (%) | — | 0.92% | -0.31% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 2.71% | -0.40 | 3.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.55% | -0.73 | 11.28% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂█▇▇██ | Net Interest Margin (%) | 2.51% | 2.61% | 2.64% | 3.25% | 3.18% | 3.17% | 3.21% | 3.29% |
| ▁▂▂▁▃▅▆█ | Return on Assets (%) | 0.15% | 0.18% | 0.18% | 0.16% | 0.19% | 0.23% | 0.25% | 0.28% |
| █▆▇▁▁▃▅▃ | Efficiency Ratio (%) | 86.0% | 83.6% | 84.3% | 77.4% | 77.7% | 80.2% | 81.8% | 80.3% |
| ███▅▃▃▂▁ | Cost of Funds (%) | 2.90% | 2.85% | 2.83% | 2.59% | 2.45% | 2.43% | 2.33% | 2.21% |
| █▅▆▃▃▂▁▆ | NPA / Assets (%) | 3.01% | 2.38% | 2.61% | 2.00% | 1.96% | 1.71% | 1.48% | 2.62% |
| █▅▇▄▃▂▁▃ | Net Charge-Off Ratio (%) | 4.57% | 3.60% | 4.15% | 3.11% | 2.89% | 2.45% | 2.05% | 2.71% |
| ▁▄▃▅▆▇██ | Tang. Book Value ($M) | $43 | $44 | $44 | $45 | $45 | $46 | $47 | $47 |
| ▂▂▁▁▃▅██ | Gross Loans ($M) | $334 | $338 | $324 | $324 | $344 | $357 | $378 | $383 |
| ▅██▂▁▅▃▃ | Total Deposits ($M) | $429 | $440 | $438 | $421 | $416 | $429 | $422 | $424 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 23% |
| Consumer | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 12% |