Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.66 | 0.59% |
| Return on Equity (%) | ▲ | 7.56% | +3.58 | 3.98% |
| Net Interest Margin (%) | ▲ | 5.04% | +0.33 | 4.71% |
| Efficiency Ratio (%) | ▲ | 59.52% | -1.64 | 61.16% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.49 | $3 |
| Cost of Funds (%) | ▲ | 1.40% | -0.38 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $817 | -6.14 | $823 |
| Gross Loans ($M) | ▼ | $608 | -7.85 | $615 |
| Loan Growth YoY (%) | ▼ | 89.40% | -1.24 | 90.64% |
| Total Deposits ($M) | ▲ | $671 | +0.42 | $671 |
| Shareholders Equity ($M) | ▲ | $137 | +18.18 | $119 |
| Tang. Book Value ($M) | ▲ | $92 | +19.76 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $96 | +19.93 | $76 |
| Loan / Deposit Ratio (%) | ▼ | 89.40% | -1.24 | 90.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.35 | 0.36% |
| Allowance / Loans (%) | — | 1.24% | 0.03% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.47 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.13% | +2.66 | 12.46% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇▇▇█ | Net Interest Margin (%) | 4.06% | 4.06% | 4.13% | 4.71% | 4.83% | 4.86% | 4.89% | 5.04% |
| ▂▃▃▁▄▅▅█ | Return on Assets (%) | 0.74% | 0.77% | 0.76% | 0.59% | 0.86% | 0.93% | 1.00% | 1.25% |
| █▇▇▂▂▂▂▁ | Efficiency Ratio (%) | 68.2% | 66.3% | 66.2% | 61.2% | 60.9% | 61.7% | 61.0% | 59.5% |
| ▆█▇▃▄▃▂▁ | Cost of Funds (%) | 2.24% | 2.57% | 2.31% | 1.78% | 1.89% | 1.79% | 1.59% | 1.40% |
| ▂▃████▂▁ | NPA / Assets (%) | 0.09% | 0.12% | 0.37% | 0.36% | 0.36% | 0.32% | 0.08% | 0.01% |
| ▃▃███▂▂▁ | Net Charge-Off Ratio (%) | 0.14% | 0.18% | 0.49% | 0.48% | 0.50% | 0.08% | 0.11% | 0.01% |
| ▁▂▂▂▂▃██ | Tang. Book Value ($M) | $69 | $72 | $72 | $72 | $74 | $77 | $90 | $92 |
| ▁▂▅█▆▆▆█ | Gross Loans ($M) | $541 | $554 | $583 | $615 | $596 | $595 | $594 | $608 |
| ▁▄▂▄▃▇█▄ | Total Deposits ($M) | $652 | $672 | $659 | $671 | $666 | $683 | $693 | $671 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 12% |