Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.16 | 0.79% |
| Return on Equity (%) | ▲ | 8.11% | +0.13 | 7.98% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.95 | 2.96% |
| Efficiency Ratio (%) | ▼ | 70.35% | +0.60 | 69.75% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.12 | $1 |
| Cost of Funds (%) | ▲ | 1.99% | -0.62 | 2.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $424 | -42.63 | $466 |
| Gross Loans ($M) | ▼ | $290 | -3.50 | $294 |
| Loan Growth YoY (%) | ▲ | 78.00% | +7.77 | 70.24% |
| Total Deposits ($M) | ▼ | $367 | -45.80 | $413 |
| Shareholders Equity ($M) | ▲ | $50 | +2.87 | $48 |
| Tang. Book Value ($M) | ▲ | $50 | +2.87 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +3.59 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 78.00% | +7.77 | 70.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.05% | +0.57 | 1.48% |
| Allowance / Loans (%) | — | 1.31% | 0.07% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 1.11% | -1.24 | 2.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.82% | +0.98 | 17.83% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▄▃▁▃▅▅█ | Net Interest Margin (%) | 3.46% | 3.39% | 3.25% | 2.96% | 3.24% | 3.45% | 3.54% | 3.91% |
| █▆█▁▃▄▄█ | Return on Assets (%) | 0.97% | 0.93% | 0.97% | 0.79% | 0.85% | 0.88% | 0.87% | 0.96% |
| ▁▂▅██▇██ | Efficiency Ratio (%) | 59.8% | 61.7% | 65.9% | 69.7% | 70.1% | 68.9% | 69.9% | 70.3% |
| ▇▇█▅▃▃▂▁ | Cost of Funds (%) | 2.81% | 2.86% | 3.03% | 2.61% | 2.37% | 2.30% | 2.16% | 1.99% |
| ▁▇▄▅▄▆▅█ | NPA / Assets (%) | 0.61% | 1.80% | 1.30% | 1.48% | 1.29% | 1.57% | 1.42% | 2.05% |
| ▂█▇█▆▁▁▄ | Net Charge-Off Ratio (%) | 0.70% | 2.46% | 1.90% | 2.35% | 1.85% | 0.35% | 0.19% | 1.11% |
| ▁▃▃▅▆▇██ | Tang. Book Value ($M) | $44 | $46 | $46 | $48 | $48 | $49 | $50 | $50 |
| █▅▁▁▂▂▃▁ | Gross Loans ($M) | $326 | $312 | $294 | $294 | $299 | $298 | $300 | $290 |
| ▆▄██▃▁▂▂ | Total Deposits ($M) | $398 | $385 | $411 | $413 | $374 | $360 | $369 | $367 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 21% |