Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.55% | -0.03 | 1.58% |
| Return on Equity (%) | ▼ | 12.09% | -0.90 | 12.99% |
| Net Interest Margin (%) | ▲ | 3.93% | +0.28 | 3.65% |
| Efficiency Ratio (%) | ▼ | 48.14% | +3.81 | 44.33% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.78 | $6 |
| Cost of Funds (%) | ▲ | 1.06% | -0.03 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $993 | +46.34 | $947 |
| Gross Loans ($M) | ▲ | $691 | +46.82 | $644 |
| Loan Growth YoY (%) | ▲ | 79.81% | +2.26 | 77.54% |
| Total Deposits ($M) | ▲ | $859 | +34.14 | $825 |
| Shareholders Equity ($M) | ▲ | $127 | +10.11 | $117 |
| Tang. Book Value ($M) | ▲ | $127 | +10.11 | $117 |
| TBV excl. AOCI ($M)** | ▲ | $137 | +10.01 | $127 |
| Loan / Deposit Ratio (%) | ▲ | 79.81% | +2.26 | 77.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.02 | 0.16% |
| Allowance / Loans (%) | — | 0.75% | 0.09% | 0.67% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.03 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▆▇██ | Net Interest Margin (%) | 3.44% | 3.52% | 3.59% | 3.65% | 3.76% | 3.81% | 3.87% | 3.93% |
| ▁▃▄███▇▇ | Return on Assets (%) | 1.34% | 1.43% | 1.45% | 1.58% | 1.60% | 1.60% | 1.57% | 1.55% |
| █▆█▁▂▂▅▆ | Efficiency Ratio (%) | 49.5% | 47.7% | 49.4% | 44.3% | 45.0% | 45.5% | 47.5% | 48.1% |
| █▇█▄▅▄▆▁ | Cost of Funds (%) | 1.13% | 1.12% | 1.13% | 1.09% | 1.10% | 1.09% | 1.11% | 1.06% |
| ▁▂█▄▃▂▂▃ | NPA / Assets (%) | 0.11% | 0.13% | 0.23% | 0.16% | 0.15% | 0.13% | 0.14% | 0.15% |
| ▁▂█▅▄▄▄▄ | Net Charge-Off Ratio (%) | 0.10% | 0.14% | 0.35% | 0.24% | 0.22% | 0.21% | 0.21% | 0.21% |
| ▁▃▃▅▆███ | Tang. Book Value ($M) | $107 | $113 | $112 | $117 | $121 | $125 | $127 | $127 |
| ▁▁▄▅▅▅▆█ | Gross Loans ($M) | $605 | $593 | $630 | $644 | $645 | $644 | $661 | $691 |
| ▁▅▃▄▅█▆▇ | Total Deposits ($M) | $786 | $842 | $819 | $825 | $842 | $882 | $854 | $859 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 2% |