Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.86% | +0.23 | 0.63% |
| Return on Equity (%) | ▲ | 12.18% | +2.85 | 9.33% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.27 | 2.89% |
| Efficiency Ratio (%) | ▲ | 63.63% | -7.45 | 71.09% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.58 | $1 |
| Cost of Funds (%) | ▲ | 2.13% | -0.17 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $549 | +74.03 | $475 |
| Gross Loans ($M) | ▲ | $376 | +25.63 | $351 |
| Loan Growth YoY (%) | ▼ | 83.78% | -1.56 | 85.34% |
| Total Deposits ($M) | ▲ | $445 | +37.40 | $407 |
| Shareholders Equity ($M) | ▲ | $39 | +6.97 | $32 |
| Tang. Book Value ($M) | ▲ | $39 | +6.97 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +8.23 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 83.78% | -1.56 | 85.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.21% | +1.20 | 0.01% |
| Allowance / Loans (%) | — | 0.96% | 0.12% | 0.85% |
| Net Charge-Off Ratio (%) | ▼ | 1.77% | +1.76 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.15% | +0.52 | 10.63% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▇█ | Net Interest Margin (%) | 2.45% | 2.50% | 2.56% | 2.89% | 2.83% | 2.91% | 2.99% | 3.15% |
| ▁▁▃▅▂▄▅█ | Return on Assets (%) | 0.37% | 0.41% | 0.53% | 0.63% | 0.49% | 0.59% | 0.67% | 0.86% |
| ██▆▄▄▃▂▁ | Efficiency Ratio (%) | 80.6% | 78.8% | 76.3% | 71.1% | 70.7% | 68.6% | 67.0% | 63.6% |
| ██▆▄▂▂▁▁ | Cost of Funds (%) | 2.52% | 2.55% | 2.41% | 2.30% | 2.18% | 2.21% | 2.12% | 2.13% |
| ▁▁▁▁████ | NPA / Assets (%) | 0.08% | 0.00% | 0.00% | 0.01% | 1.16% | 1.09% | 1.14% | 1.21% |
| ▁▁▁▁█▇██ | Net Charge-Off Ratio (%) | 0.10% | 0.00% | 0.00% | 0.01% | 1.58% | 1.55% | 1.66% | 1.77% |
| ▁▂▂▂▂▅██ | Tang. Book Value ($M) | $30 | $32 | $32 | $32 | $32 | $35 | $38 | $39 |
| ▁▂▃▁▆███ | Gross Loans ($M) | $348 | $351 | $356 | $351 | $368 | $377 | $376 | $376 |
| ▁▂▃▃▅███ | Total Deposits ($M) | $387 | $397 | $404 | $407 | $417 | $440 | $442 | $445 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 19% |