Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.42% | +0.06 | 0.36% |
| Return on Equity (%) | ▲ | 4.54% | +0.46 | 4.08% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.30 | 3.37% |
| Efficiency Ratio (%) | ▲ | 83.65% | -1.51 | 85.16% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.16 | $1 |
| Cost of Funds (%) | ▲ | 1.54% | -0.25 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $490 | +33.73 | $456 |
| Gross Loans ($M) | ▲ | $331 | +36.96 | $294 |
| Loan Growth YoY (%) | ▲ | 80.02% | +5.46 | 74.56% |
| Total Deposits ($M) | ▲ | $410 | +19.65 | $390 |
| Shareholders Equity ($M) | ▲ | $45 | +6.19 | $39 |
| Tang. Book Value ($M) | ▲ | $44 | +6.26 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +6.05 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 80.02% | +5.46 | 74.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.13 | 0.19% |
| Allowance / Loans (%) | — | 0.94% | -0.14% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.47% | +0.18 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.19% | +0.49 | 11.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▃▄▅█ | Net Interest Margin (%) | 3.39% | 3.41% | 3.43% | 3.37% | 3.46% | 3.51% | 3.53% | 3.67% |
| ▁▁▃▆▇███ | Return on Assets (%) | 0.17% | 0.19% | 0.26% | 0.36% | 0.38% | 0.42% | 0.44% | 0.42% |
| ██▆▂▂▁▁▁ | Efficiency Ratio (%) | 93.0% | 92.2% | 89.3% | 85.2% | 84.5% | 82.7% | 82.8% | 83.6% |
| ██▇▄▃▄▃▁ | Cost of Funds (%) | 2.06% | 2.06% | 1.95% | 1.78% | 1.70% | 1.78% | 1.73% | 1.54% |
| ▁▆▄▅▆▆▇█ | NPA / Assets (%) | 0.02% | 0.23% | 0.16% | 0.19% | 0.21% | 0.24% | 0.25% | 0.31% |
| ▁▇▄▅▆▇▇█ | Net Charge-Off Ratio (%) | 0.03% | 0.37% | 0.24% | 0.29% | 0.33% | 0.36% | 0.38% | 0.47% |
| ▁▁▂▂▃▄██ | Tang. Book Value ($M) | $36 | $37 | $37 | $38 | $38 | $39 | $43 | $44 |
| ▁▁▂▄▆▇▇█ | Gross Loans ($M) | $270 | $268 | $277 | $294 | $312 | $320 | $320 | $331 |
| ▂▁▂▆▅▆██ | Total Deposits ($M) | $354 | $342 | $351 | $390 | $378 | $390 | $406 | $410 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 19% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 11% |