Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.84% | -0.17 | 1.01% |
| Return on Equity (%) | ▼ | 9.84% | -2.45 | 12.29% |
| Net Interest Margin (%) | ▼ | 4.00% | -0.01 | 4.02% |
| Efficiency Ratio (%) | ▲ | 65.02% | -1.24 | 66.26% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.25 | $1 |
| Cost of Funds (%) | ▼ | 1.98% | +0.24 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $453 | +54.92 | $398 |
| Gross Loans ($M) | ▲ | $343 | +36.25 | $307 |
| Loan Growth YoY (%) | ▲ | 92.41% | +5.25 | 87.17% |
| Total Deposits ($M) | ▲ | $367 | +18.83 | $348 |
| Shareholders Equity ($M) | ▲ | $39 | +6.76 | $33 |
| Tang. Book Value ($M) | ▲ | $39 | +6.76 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +6.52 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 92.41% | +5.25 | 87.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.92% | +0.29 | 0.63% |
| Allowance / Loans (%) | — | 1.12% | 0.05% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.88% | +0.44 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.80% | +0.21 | 12.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▅▃▁▃▇█▁ | Net Interest Margin (%) | 4.22% | 4.15% | 4.10% | 4.02% | 4.10% | 4.23% | 4.27% | 4.00% |
| ▆▆▃▅▇██▁ | Return on Assets (%) | 1.08% | 1.06% | 0.93% | 1.01% | 1.11% | 1.17% | 1.17% | 0.84% |
| ▆▆█▇▃▁▂▆ | Efficiency Ratio (%) | 64.9% | 65.6% | 67.3% | 66.3% | 63.3% | 61.0% | 61.9% | 65.0% |
| ▁▄▄▂▄▆█▇ | Cost of Funds (%) | 1.64% | 1.83% | 1.83% | 1.74% | 1.80% | 1.93% | 2.04% | 1.98% |
| ▁▁▁▁▁▆█▇ | NPA / Assets (%) | 0.62% | 0.58% | 0.61% | 0.63% | 0.58% | 0.88% | 0.98% | 0.92% |
| ▁▁▁▁▁▇██ | Net Charge-Off Ratio (%) | 0.38% | 0.38% | 0.42% | 0.44% | 0.40% | 0.78% | 0.91% | 0.88% |
| ▁▂▂▃▄▅▆█ | Tang. Book Value ($M) | $30 | $32 | $31 | $33 | $34 | $35 | $37 | $39 |
| ▁▁▂▅████ | Gross Loans ($M) | $260 | $260 | $277 | $307 | $344 | $352 | $353 | $343 |
| ▁▂▅▆██▇▇ | Total Deposits ($M) | $295 | $314 | $345 | $348 | $378 | $368 | $362 | $367 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 14% |