Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.39 | 0.94% |
| Return on Equity (%) | ▲ | 11.99% | +2.64 | 9.35% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.63 | 2.89% |
| Efficiency Ratio (%) | ▲ | 47.01% | -7.93 | 54.94% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.97 | $2 |
| Cost of Funds (%) | ▲ | 1.49% | -0.23 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $661 | +3.39 | $658 |
| Gross Loans ($M) | ▲ | $516 | +43.36 | $473 |
| Loan Growth YoY (%) | ▲ | 87.89% | +7.97 | 79.92% |
| Total Deposits ($M) | ▼ | $583 | -4.68 | $588 |
| Shareholders Equity ($M) | ▲ | $75 | +7.47 | $67 |
| Tang. Book Value ($M) | ▲ | $75 | +7.47 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +6.75 | $74 |
| Loan / Deposit Ratio (%) | ▲ | 87.89% | +7.97 | 79.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.51 | 0.00% |
| Allowance / Loans (%) | — | 0.69% | 0.07% | 0.63% |
| Net Charge-Off Ratio (%) | ▼ | 0.66% | +0.66 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.44% | +0.22 | 14.22% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▄▆▇█ | Net Interest Margin (%) | 2.51% | 2.66% | 2.75% | 2.89% | 2.97% | 3.15% | 3.27% | 3.52% |
| ▁▃▃▂▄▆▇█ | Return on Assets (%) | 0.83% | 0.96% | 0.99% | 0.94% | 1.05% | 1.19% | 1.22% | 1.33% |
| █▆▆▆▄▁▁▁ | Efficiency Ratio (%) | 58.9% | 54.9% | 55.7% | 54.9% | 51.8% | 48.3% | 48.4% | 47.0% |
| █▅██▆▃▃▁ | Cost of Funds (%) | 1.73% | 1.65% | 1.74% | 1.71% | 1.67% | 1.56% | 1.56% | 1.49% |
| ▁▁▆▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.33% | 0.00% | 0.02% | 0.00% | 0.53% | 0.51% |
| ▁▁▆▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.49% | 0.00% | 0.03% | 0.00% | 0.71% | 0.66% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $63 | $65 | $66 | $67 | $69 | $71 | $73 | $75 |
| ▁▁▁▄▆▅▆█ | Gross Loans ($M) | $439 | $446 | $448 | $473 | $493 | $487 | $496 | $516 |
| ▁▅▂▂▆█▃▂ | Total Deposits ($M) | $570 | $614 | $590 | $588 | $625 | $651 | $593 | $583 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |