Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.20 | 1.17% |
| Return on Equity (%) | ▲ | 11.62% | +1.11 | 10.51% |
| Net Interest Margin (%) | ▲ | 4.32% | +0.15 | 4.17% |
| Efficiency Ratio (%) | ▲ | 60.19% | -2.69 | 62.88% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.32 | $2 |
| Cost of Funds (%) | ▼ | 1.28% | +0.02 | 1.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $484 | +35.06 | $449 |
| Gross Loans ($M) | ▲ | $317 | +18.24 | $299 |
| Loan Growth YoY (%) | ▼ | 73.28% | -1.15 | 74.43% |
| Total Deposits ($M) | ▲ | $425 | +30.88 | $394 |
| Shareholders Equity ($M) | ▲ | $57 | +6.31 | $51 |
| Tang. Book Value ($M) | ▲ | $56 | +6.53 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +5.52 | $53 |
| Loan / Deposit Ratio (%) | ▼ | 73.28% | -1.15 | 74.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.23 | 0.65% |
| Allowance / Loans (%) | — | 1.74% | -0.06% | 1.80% |
| Net Charge-Off Ratio (%) | ▲ | 0.65% | -0.33 | 0.98% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.78% | +1.22 | 13.55% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆██▇ | Net Interest Margin (%) | 3.90% | 3.95% | 3.99% | 4.17% | 4.26% | 4.35% | 4.39% | 4.32% |
| ▁▃▄▅▆███ | Return on Assets (%) | 0.85% | 1.00% | 1.09% | 1.17% | 1.25% | 1.34% | 1.40% | 1.37% |
| █▆▅▃▂▁▁▁ | Efficiency Ratio (%) | 72.2% | 68.3% | 65.9% | 62.9% | 61.2% | 60.0% | 58.9% | 60.2% |
| ▅█▅▁▁▅▃▂ | Cost of Funds (%) | 1.41% | 1.53% | 1.38% | 1.25% | 1.23% | 1.40% | 1.33% | 1.28% |
| █▃▃▅▁▁▁▁ | NPA / Assets (%) | 0.80% | 0.55% | 0.54% | 0.65% | 0.43% | 0.41% | 0.44% | 0.42% |
| █▄▃▅▁▁▁▁ | Net Charge-Off Ratio (%) | 1.34% | 0.89% | 0.86% | 0.98% | 0.63% | 0.60% | 0.66% | 0.65% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $44 | $47 | $47 | $49 | $51 | $53 | $55 | $56 |
| ▁▁▁▄████ | Gross Loans ($M) | $284 | $284 | $284 | $299 | $320 | $317 | $319 | $317 |
| █▄▂▁▁▂▇█ | Total Deposits ($M) | $428 | $409 | $398 | $394 | $391 | $399 | $420 | $425 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 33% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 2% |