Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.65% | -0.03 | 1.68% |
| Return on Equity (%) | ▼ | 13.89% | -2.06 | 15.95% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.19 | 3.78% |
| Efficiency Ratio (%) | ▼ | 50.93% | +2.06 | 48.87% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.19 | $3 |
| Cost of Funds (%) | ▼ | 1.64% | +0.02 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $563 | +34.47 | $529 |
| Gross Loans ($M) | ▲ | $345 | +40.37 | $305 |
| Loan Growth YoY (%) | ▲ | 68.92% | +5.20 | 63.72% |
| Total Deposits ($M) | ▲ | $493 | +23.28 | $470 |
| Shareholders Equity ($M) | ▲ | $66 | +9.68 | $56 |
| Tang. Book Value ($M) | ▲ | $66 | +9.68 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +10.18 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 68.92% | +5.20 | 63.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.18 | 0.18% |
| Allowance / Loans (%) | — | 1.59% | -0.24% | 1.83% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.31 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.37% | -0.62 | 17.99% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▇███ | Net Interest Margin (%) | 3.63% | 3.63% | 3.67% | 3.78% | 3.91% | 3.94% | 3.96% | 3.96% |
| █▇▆▃█▇▅▁ | Return on Assets (%) | 1.74% | 1.72% | 1.71% | 1.68% | 1.74% | 1.72% | 1.70% | 1.65% |
| ▂▂▁▆▅▅▅█ | Efficiency Ratio (%) | 45.6% | 45.9% | 44.6% | 48.9% | 48.5% | 48.4% | 48.3% | 50.9% |
| █▇▅▁▂▂▂▁ | Cost of Funds (%) | 2.34% | 2.19% | 2.05% | 1.63% | 1.74% | 1.74% | 1.76% | 1.64% |
| ▁▁██▄▃▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.20% | 0.18% | 0.08% | 0.06% | 0.00% | 0.00% |
| ▁▁██▄▃▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.34% | 0.31% | 0.13% | 0.10% | 0.00% | 0.00% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $51 | $56 | $54 | $56 | $59 | $63 | $67 | $66 |
| ▂▁▂▂▅███ | Gross Loans ($M) | $305 | $297 | $306 | $305 | $326 | $342 | $343 | $345 |
| ▁▄▆▆▆███ | Total Deposits ($M) | $409 | $443 | $465 | $470 | $465 | $493 | $483 | $493 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 49% |
| C&I / Commercial | 51% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 17% |