Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.61% | +0.19 | 0.42% |
| Return on Equity (%) | ▲ | 6.78% | +2.32 | 4.46% |
| Net Interest Margin (%) | ▲ | 2.96% | +0.16 | 2.80% |
| Efficiency Ratio (%) | ▲ | 67.06% | -11.51 | 78.57% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.41 | $1 |
| Cost of Funds (%) | ▲ | 2.64% | -0.37 | 3.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,166 | +168.15 | $997 |
| Gross Loans ($M) | ▲ | $915 | +145.07 | $770 |
| Loan Growth YoY (%) | ▼ | 91.22% | -0.46 | 91.69% |
| Total Deposits ($M) | ▲ | $993 | +161.35 | $832 |
| Shareholders Equity ($M) | ▲ | $106 | +6.50 | $100 |
| Tang. Book Value ($M) | ▲ | $106 | +6.50 | $100 |
| TBV excl. AOCI ($M)** | ▲ | $113 | +9.12 | $104 |
| Loan / Deposit Ratio (%) | ▼ | 91.22% | -0.46 | 91.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.69% | +0.67 | 0.03% |
| Allowance / Loans (%) | — | 1.03% | 0.03% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.88% | +0.85 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.47% | -1.50 | 12.97% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 2.45% | 2.48% | 2.53% | 2.80% | 2.83% | 2.91% | 2.95% | 2.96% |
| ▂▁▁▅▄▅▇█ | Return on Assets (%) | 0.26% | 0.21% | 0.24% | 0.42% | 0.39% | 0.45% | 0.51% | 0.61% |
| ███▆▅▄▂▁ | Efficiency Ratio (%) | 83.0% | 81.6% | 81.2% | 78.6% | 76.6% | 73.3% | 70.7% | 67.1% |
| ▇█▇▄▄▄▁▁ | Cost of Funds (%) | 3.30% | 3.48% | 3.33% | 3.01% | 3.02% | 3.02% | 2.67% | 2.64% |
| ▁▁▁▁▁▁▅█ | NPA / Assets (%) | 0.00% | 0.00% | 0.03% | 0.03% | 0.03% | 0.03% | 0.37% | 0.69% |
| ▁▁▁▁▁▁▅█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.04% | 0.03% | 0.03% | 0.03% | 0.49% | 0.88% |
| ▁▂▂▇▇███ | Tang. Book Value ($M) | $74 | $81 | $81 | $100 | $101 | $103 | $105 | $106 |
| ▁▃▄▄▅▇██ | Gross Loans ($M) | $661 | $738 | $761 | $770 | $811 | $858 | $900 | $915 |
| ▁▂▃▄▅▅██ | Total Deposits ($M) | $693 | $765 | $794 | $832 | $859 | $888 | $1,020 | $993 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 16% |