Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.18 | 1.12% |
| Return on Equity (%) | ▲ | 11.38% | +0.43 | 10.95% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.41 | 4.00% |
| Efficiency Ratio (%) | ▲ | 59.87% | -2.30 | 62.18% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.31 | $2 |
| Cost of Funds (%) | ▲ | 1.08% | -0.32 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $537 | -24.81 | $562 |
| Gross Loans ($M) | ▲ | $393 | +18.45 | $374 |
| Loan Growth YoY (%) | ▲ | 83.86% | +5.01 | 78.85% |
| Total Deposits ($M) | ▼ | $463 | -6.17 | $469 |
| Shareholders Equity ($M) | ▲ | $63 | +4.47 | $58 |
| Tang. Book Value ($M) | ▲ | $63 | +4.47 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +3.56 | $64 |
| Loan / Deposit Ratio (%) | ▲ | 83.86% | +5.01 | 78.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.69% | +0.28 | 0.40% |
| Allowance / Loans (%) | — | 1.11% | -0.02% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.61% | +0.49 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.45% | +1.12 | 17.33% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▆▆█ | Net Interest Margin (%) | 3.82% | 3.88% | 3.93% | 4.00% | 4.11% | 4.19% | 4.25% | 4.41% |
| ▁▃▃▄▅▇██ | Return on Assets (%) | 0.98% | 1.06% | 1.10% | 1.12% | 1.15% | 1.25% | 1.27% | 1.30% |
| █▅▅▄▄▁▁▁ | Efficiency Ratio (%) | 65.0% | 62.9% | 62.9% | 62.2% | 61.9% | 60.1% | 60.0% | 59.9% |
| ▆▆█▆▄▃▂▁ | Cost of Funds (%) | 1.42% | 1.44% | 1.59% | 1.40% | 1.31% | 1.24% | 1.20% | 1.08% |
| ▃▄▃▂▁▁▄█ | NPA / Assets (%) | 0.47% | 0.49% | 0.45% | 0.40% | 0.37% | 0.35% | 0.51% | 0.69% |
| ▂▂▁▁▁▁▅█ | Net Charge-Off Ratio (%) | 0.17% | 0.21% | 0.12% | 0.13% | 0.08% | 0.12% | 0.39% | 0.61% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $55 | $57 | $56 | $58 | $60 | $62 | $61 | $63 |
| ▁▁▁▁▂▆██ | Gross Loans ($M) | $373 | $375 | $373 | $374 | $377 | $386 | $390 | $393 |
| ▁▂██▆▇█▇ | Total Deposits ($M) | $442 | $447 | $468 | $469 | $461 | $464 | $468 | $463 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 8% |