Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.15 | 0.86% |
| Return on Equity (%) | ▲ | 10.98% | +0.27 | 10.71% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.26 | 3.00% |
| Efficiency Ratio (%) | ▲ | 56.87% | -3.43 | 60.29% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.49 | $3 |
| Cost of Funds (%) | ▲ | 2.68% | -0.43 | 3.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $892 | +0.25 | $892 |
| Gross Loans ($M) | ▲ | $733 | +10.35 | $723 |
| Loan Growth YoY (%) | ▲ | 94.78% | +2.61 | 92.17% |
| Total Deposits ($M) | ▼ | $766 | -11.27 | $777 |
| Shareholders Equity ($M) | ▲ | $82 | +10.47 | $72 |
| Tang. Book Value ($M) | ▲ | $82 | +10.47 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +10.74 | $76 |
| Loan / Deposit Ratio (%) | ▲ | 94.78% | +2.61 | 92.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.02% | +0.83 | 0.19% |
| Allowance / Loans (%) | — | 0.96% | 0.09% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 1.22% | +0.98 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.35% | +1.03 | 10.32% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▃▅▆██ | Net Interest Margin (%) | 2.85% | 2.91% | 2.95% | 3.00% | 3.08% | 3.16% | 3.22% | 3.26% |
| ▁▁▁▄▅▇█▇ | Return on Assets (%) | 0.74% | 0.76% | 0.77% | 0.86% | 0.92% | 0.98% | 1.05% | 1.01% |
| ███▆▄▂▁▂ | Efficiency Ratio (%) | 62.7% | 62.7% | 62.9% | 60.3% | 58.8% | 56.7% | 54.9% | 56.9% |
| ▇██▇▇▆▅▁ | Cost of Funds (%) | 3.08% | 3.19% | 3.16% | 3.10% | 3.09% | 3.06% | 2.95% | 2.68% |
| ▁▂▁▁▁▁▁█ | NPA / Assets (%) | 0.16% | 0.28% | 0.24% | 0.19% | 0.20% | 0.27% | 0.22% | 1.02% |
| ▁▂▁▁▁▂▁█ | Net Charge-Off Ratio (%) | 0.20% | 0.35% | 0.30% | 0.24% | 0.24% | 0.34% | 0.27% | 1.22% |
| ▁▂▂▃▅▆██ | Tang. Book Value ($M) | $65 | $69 | $69 | $72 | $74 | $77 | $80 | $82 |
| ▁▂▅▇█▅▆█ | Gross Loans ($M) | $665 | $677 | $706 | $723 | $726 | $701 | $708 | $733 |
| ▁▂▅███▆▇ | Total Deposits ($M) | $707 | $719 | $745 | $777 | $773 | $773 | $758 | $766 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 20% |