Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.41 | 0.96% |
| Return on Equity (%) | ▲ | 18.91% | +3.60 | 15.31% |
| Net Interest Margin (%) | ▲ | 3.48% | +0.40 | 3.08% |
| Efficiency Ratio (%) | ▲ | 58.74% | -8.35 | 67.08% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.99 | $2 |
| Cost of Funds (%) | ▲ | 2.18% | -0.19 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $853 | +19.24 | $833 |
| Gross Loans ($M) | ▲ | $690 | +30.64 | $659 |
| Loan Growth YoY (%) | ▼ | 92.43% | -2.42 | 94.84% |
| Total Deposits ($M) | ▲ | $733 | +49.76 | $683 |
| Shareholders Equity ($M) | ▲ | $62 | +9.59 | $53 |
| Tang. Book Value ($M) | ▲ | $62 | +9.67 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +9.15 | $59 |
| Loan / Deposit Ratio (%) | ▼ | 92.43% | -2.42 | 94.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.01 | 0.45% |
| Allowance / Loans (%) | — | 1.79% | 0.09% | 1.69% |
| Net Charge-Off Ratio (%) | — | 0.57% | 0.00 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.42% | +0.47 | 9.95% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▆█ | Net Interest Margin (%) | 2.82% | 2.88% | 2.93% | 3.08% | 3.15% | 3.23% | 3.28% | 3.48% |
| ▁▂▂▄▄▆▇█ | Return on Assets (%) | 0.61% | 0.72% | 0.79% | 0.96% | 0.98% | 1.11% | 1.18% | 1.37% |
| █▇▆▄▄▃▂▁ | Efficiency Ratio (%) | 78.0% | 74.3% | 73.0% | 67.1% | 67.3% | 64.0% | 62.2% | 58.7% |
| ██▆▅▇▇▅▁ | Cost of Funds (%) | 2.50% | 2.52% | 2.40% | 2.36% | 2.47% | 2.44% | 2.39% | 2.18% |
| ▂▄▆▂▁█▅▂ | NPA / Assets (%) | 0.45% | 0.51% | 0.56% | 0.45% | 0.42% | 0.62% | 0.53% | 0.46% |
| ▂▅▆▂▁█▅▂ | Net Charge-Off Ratio (%) | 0.58% | 0.67% | 0.71% | 0.57% | 0.53% | 0.78% | 0.66% | 0.57% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $47 | $53 | $50 | $53 | $54 | $59 | $61 | $62 |
| ▁▁▄▆▆███ | Gross Loans ($M) | $595 | $607 | $637 | $659 | $669 | $696 | $686 | $690 |
| ▁▃▃▃▅█▅▆ | Total Deposits ($M) | $641 | $675 | $680 | $683 | $723 | $774 | $711 | $733 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 24% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 15% |