Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.40 | 0.79% |
| Return on Equity (%) | ▲ | 14.79% | +3.79 | 11.00% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.66 | 2.89% |
| Efficiency Ratio (%) | ▲ | 54.05% | -12.34 | 66.39% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.90 | $1 |
| Cost of Funds (%) | ▲ | 2.45% | -0.22 | 2.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $500 | +5.91 | $494 |
| Gross Loans ($M) | ▲ | $442 | +12.69 | $430 |
| Loan Growth YoY (%) | ▲ | 96.08% | +0.59 | 95.50% |
| Total Deposits ($M) | ▲ | $457 | +10.47 | $446 |
| Shareholders Equity ($M) | ▲ | $41 | +5.70 | $36 |
| Tang. Book Value ($M) | ▲ | $41 | +5.70 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +5.44 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 96.08% | +0.59 | 95.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.48% | -0.34 | 0.81% |
| Allowance / Loans (%) | — | 0.81% | -0.02% | 0.83% |
| Net Charge-Off Ratio (%) | ▲ | 0.54% | -0.40 | 0.93% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.88% | +0.78 | 11.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.61% | 2.61% | 2.63% | 2.89% | 3.03% | 3.13% | 3.22% | 3.55% |
| ▁▁▁▃▄▅▅█ | Return on Assets (%) | 0.59% | 0.61% | 0.59% | 0.79% | 0.87% | 0.94% | 0.95% | 1.19% |
| ███▆▆▅▆▁ | Efficiency Ratio (%) | 71.2% | 71.5% | 70.4% | 66.4% | 65.1% | 63.2% | 65.4% | 54.0% |
| ██▆▄▄▃▁▁ | Cost of Funds (%) | 3.01% | 3.02% | 2.82% | 2.67% | 2.68% | 2.66% | 2.52% | 2.45% |
| ▁▁▁█▇▇█▃ | NPA / Assets (%) | 0.34% | 0.40% | 0.36% | 0.81% | 0.78% | 0.75% | 0.86% | 0.48% |
| ▁▁▁█▇▇█▂ | Net Charge-Off Ratio (%) | 0.40% | 0.47% | 0.42% | 0.93% | 0.89% | 0.86% | 0.99% | 0.54% |
| ▁▂▁▂▃▆▇█ | Tang. Book Value ($M) | $34 | $36 | $35 | $36 | $36 | $39 | $40 | $41 |
| ▁▂▄▆▇███ | Gross Loans ($M) | $393 | $401 | $415 | $430 | $437 | $444 | $444 | $442 |
| ▁▂▂▄▄▆█▇ | Total Deposits ($M) | $429 | $435 | $434 | $446 | $447 | $456 | $465 | $457 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 12% |