Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.14 | 0.82% |
| Return on Equity (%) | ▲ | 10.96% | +0.79 | 10.17% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.45 | 3.84% |
| Efficiency Ratio (%) | ▲ | 69.81% | -1.71 | 71.52% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.44 | $2 |
| Cost of Funds (%) | ▲ | 1.20% | -0.15 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $697 | +53.44 | $644 |
| Gross Loans ($M) | ▲ | $540 | +65.72 | $474 |
| Loan Growth YoY (%) | ▲ | 85.55% | +4.74 | 80.80% |
| Total Deposits ($M) | ▲ | $624 | +43.99 | $580 |
| Shareholders Equity ($M) | ▲ | $61 | +8.07 | $53 |
| Tang. Book Value ($M) | ▲ | $60 | +8.07 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +7.39 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 85.55% | +4.74 | 80.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.05 | 0.02% |
| Allowance / Loans (%) | — | 1.18% | -0.03% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.07 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.36% | +0.04 | 12.32% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▇▇█ | Net Interest Margin (%) | 3.30% | 3.32% | 3.44% | 3.84% | 3.90% | 4.07% | 4.16% | 4.28% |
| ▁▁▁▆▆▇██ | Return on Assets (%) | 0.52% | 0.55% | 0.49% | 0.82% | 0.85% | 0.94% | 1.01% | 0.96% |
| █▇▆▃▂▁▁▂ | Efficiency Ratio (%) | 86.2% | 83.3% | 80.6% | 71.5% | 69.2% | 67.5% | 66.2% | 69.8% |
| █▇▄▂▃▄▂▁ | Cost of Funds (%) | 1.82% | 1.73% | 1.50% | 1.35% | 1.37% | 1.44% | 1.32% | 1.20% |
| ▄▁▁▁▁▁█▃ | NPA / Assets (%) | 0.08% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.19% | 0.07% |
| ▄▁▁▁▁▁█▃ | Net Charge-Off Ratio (%) | 0.11% | 0.01% | 0.00% | 0.02% | 0.00% | 0.00% | 0.25% | 0.09% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $48 | $51 | $50 | $52 | $53 | $56 | $59 | $60 |
| ▁▁▁▂▆▆▇█ | Gross Loans ($M) | $464 | $466 | $467 | $474 | $512 | $512 | $524 | $540 |
| ▁▃▆▅▆▇▇█ | Total Deposits ($M) | $535 | $568 | $592 | $580 | $600 | $606 | $610 | $624 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 24% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 6% |