Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.18 | 0.98% |
| Return on Equity (%) | ▼ | 16.54% | -0.69 | 17.23% |
| Net Interest Margin (%) | ▲ | 4.20% | +0.22 | 3.98% |
| Efficiency Ratio (%) | ▲ | 63.54% | -3.85 | 67.40% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $1 |
| Cost of Funds (%) | ▲ | 0.82% | -0.02 | 0.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $470 | +26.22 | $443 |
| Gross Loans ($M) | ▲ | $331 | +13.57 | $317 |
| Loan Growth YoY (%) | ▼ | 75.49% | -0.39 | 75.88% |
| Total Deposits ($M) | ▲ | $433 | +19.72 | $414 |
| Shareholders Equity ($M) | ▲ | $33 | +6.60 | $26 |
| Tang. Book Value ($M) | ▲ | $33 | +6.60 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +7.12 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 75.49% | -0.39 | 75.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.07 | 0.00% |
| Allowance / Loans (%) | — | 1.18% | 0.05% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.10 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.47% | +0.74 | 11.72% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▆▇█ | Net Interest Margin (%) | 3.54% | 3.56% | 3.66% | 3.98% | 3.98% | 4.02% | 4.08% | 4.20% |
| ▁▁▃▆▄▅▅█ | Return on Assets (%) | 0.69% | 0.73% | 0.85% | 0.98% | 0.90% | 0.95% | 0.97% | 1.16% |
| █▇▄▃▄▂▁▁ | Efficiency Ratio (%) | 74.0% | 71.8% | 68.1% | 67.4% | 67.5% | 66.1% | 63.6% | 63.5% |
| ▇█▄▁▃▄▂▁ | Cost of Funds (%) | 1.04% | 1.11% | 0.95% | 0.84% | 0.89% | 0.96% | 0.88% | 0.82% |
| █▂▁▁▄▁▄▄ | NPA / Assets (%) | 0.15% | 0.02% | 0.00% | 0.00% | 0.07% | 0.00% | 0.07% | 0.07% |
| █▂▁▁▄▁▄▄ | Net Charge-Off Ratio (%) | 0.22% | 0.03% | 0.00% | 0.00% | 0.09% | 0.00% | 0.10% | 0.10% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $22 | $25 | $24 | $26 | $28 | $30 | $32 | $33 |
| ▁▂▄▅▆▇██ | Gross Loans ($M) | $297 | $303 | $312 | $317 | $322 | $325 | $329 | $331 |
| ▃▇▁▁▅▆▃█ | Total Deposits ($M) | $418 | $430 | $411 | $414 | $425 | $426 | $418 | $433 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 4% |