Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.91% | -0.09 | 1.00% |
| Return on Equity (%) | ▼ | 8.40% | -1.12 | 9.52% |
| Net Interest Margin (%) | ▲ | 4.70% | +0.26 | 4.45% |
| Efficiency Ratio (%) | ▲ | 62.67% | -0.85 | 63.52% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.74 | $3 |
| Cost of Funds (%) | ▲ | 1.62% | -0.43 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $805 | +100.96 | $704 |
| Gross Loans ($M) | ▲ | $660 | +62.56 | $598 |
| Loan Growth YoY (%) | ▼ | 91.65% | -2.45 | 94.09% |
| Total Deposits ($M) | ▲ | $709 | +82.71 | $627 |
| Shareholders Equity ($M) | ▲ | $91 | +17.52 | $74 |
| Tang. Book Value ($M) | ▲ | $91 | +17.54 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +17.83 | $75 |
| Loan / Deposit Ratio (%) | ▼ | 91.65% | -2.45 | 94.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.31 | 0.34% |
| Allowance / Loans (%) | — | 1.55% | 0.19% | 1.36% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.37 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.60% | +1.13 | 10.47% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▆▆█ | Net Interest Margin (%) | 3.98% | 4.04% | 4.12% | 4.45% | 4.46% | 4.48% | 4.52% | 4.70% |
| ▁▂▃█▆██▆ | Return on Assets (%) | 0.63% | 0.70% | 0.75% | 1.00% | 0.91% | 0.98% | 1.01% | 0.91% |
| █▆▅▂▂▁▁▁ | Efficiency Ratio (%) | 70.0% | 67.5% | 66.9% | 63.5% | 63.8% | 62.6% | 62.1% | 62.7% |
| ██▇▆▅▆▃▁ | Cost of Funds (%) | 2.26% | 2.31% | 2.21% | 2.05% | 2.01% | 2.10% | 1.87% | 1.62% |
| ▄█▄▃▂▂▁▁ | NPA / Assets (%) | 0.43% | 1.00% | 0.42% | 0.34% | 0.27% | 0.17% | 0.15% | 0.03% |
| ▄█▄▃▂▂▁▁ | Net Charge-Off Ratio (%) | 0.53% | 1.22% | 0.50% | 0.40% | 0.32% | 0.21% | 0.17% | 0.04% |
| ▁▁▁▂▃▃▄█ | Tang. Book Value ($M) | $69 | $71 | $72 | $74 | $75 | $77 | $79 | $91 |
| ▁▃▄▆▇▇██ | Gross Loans ($M) | $483 | $538 | $572 | $598 | $626 | $633 | $643 | $660 |
| ▁▃▄▅▇▇▇█ | Total Deposits ($M) | $520 | $579 | $602 | $627 | $668 | $679 | $683 | $709 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 31% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 21% |