Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.22 | 1.36% |
| Return on Equity (%) | ▼ | 18.31% | -0.68 | 18.99% |
| Net Interest Margin (%) | ▲ | 3.43% | +0.29 | 3.14% |
| Efficiency Ratio (%) | ▲ | 55.19% | -1.78 | 56.97% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.37 | $2 |
| Cost of Funds (%) | ▲ | 1.76% | -0.33 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $601 | +10.38 | $591 |
| Gross Loans ($M) | ▼ | $356 | -9.91 | $366 |
| Loan Growth YoY (%) | ▼ | 65.57% | -1.85 | 67.41% |
| Total Deposits ($M) | ▼ | $535 | -0.11 | $535 |
| Shareholders Equity ($M) | ▲ | $52 | +8.29 | $44 |
| Tang. Book Value ($M) | ▲ | $52 | +8.29 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +9.48 | $52 |
| Loan / Deposit Ratio (%) | ▼ | 65.57% | -1.85 | 67.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.01% | -0.22 | 1.23% |
| Allowance / Loans (%) | — | 1.60% | 0.05% | 1.54% |
| Net Charge-Off Ratio (%) | ▲ | 1.52% | -0.15 | 1.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.30% | +1.32 | 15.97% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▆▇█ | Net Interest Margin (%) | 2.61% | 2.63% | 2.74% | 3.14% | 3.20% | 3.22% | 3.26% | 3.43% |
| ▁▁▁▆▆▇▇█ | Return on Assets (%) | 0.86% | 0.89% | 0.95% | 1.36% | 1.40% | 1.43% | 1.45% | 1.58% |
| ███▂▂▂▂▁ | Efficiency Ratio (%) | 67.1% | 66.3% | 65.7% | 57.0% | 57.9% | 57.4% | 57.5% | 55.2% |
| ▇█▆▄▄▃▂▁ | Cost of Funds (%) | 2.32% | 2.46% | 2.22% | 2.09% | 2.07% | 2.02% | 1.89% | 1.76% |
| ███▇▇▄▃▁ | NPA / Assets (%) | 1.31% | 1.29% | 1.29% | 1.23% | 1.24% | 1.14% | 1.11% | 1.01% |
| ▅▅▅▆█▄▅▁ | Net Charge-Off Ratio (%) | 1.64% | 1.63% | 1.64% | 1.67% | 1.73% | 1.61% | 1.63% | 1.52% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $37 | $44 | $39 | $44 | $45 | $51 | $51 | $52 |
| ▆██▅▁▄▆▁ | Gross Loans ($M) | $368 | $373 | $374 | $366 | $356 | $364 | $367 | $356 |
| ▁▂▄█▂▃▆█ | Total Deposits ($M) | $502 | $507 | $517 | $535 | $509 | $511 | $525 | $535 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 11% |