Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.70% | -0.02 | 0.72% |
| Return on Equity (%) | ▼ | 6.72% | -0.75 | 7.47% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.41 | 3.65% |
| Efficiency Ratio (%) | ▲ | 64.85% | -3.77 | 68.62% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.29 | $1 |
| Cost of Funds (%) | ▲ | 1.39% | -0.10 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $369 | +10.53 | $358 |
| Gross Loans ($M) | ▲ | $252 | +21.21 | $231 |
| Loan Growth YoY (%) | ▲ | 77.43% | +4.98 | 72.45% |
| Total Deposits ($M) | ▲ | $324 | +6.73 | $317 |
| Shareholders Equity ($M) | ▲ | $38 | +3.37 | $35 |
| Tang. Book Value ($M) | ▲ | $38 | +3.37 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +3.10 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 77.43% | +4.98 | 72.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.45% | -0.03 | 0.48% |
| Allowance / Loans (%) | — | 0.64% | 0.04% | 0.60% |
| Net Charge-Off Ratio (%) | ▲ | 0.66% | -0.09 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.21% | -0.08 | 18.28% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▆█ | Net Interest Margin (%) | 3.43% | 3.47% | 3.52% | 3.65% | 3.75% | 3.80% | 3.83% | 4.06% |
| ▂▂▃▁▅▆█▁ | Return on Assets (%) | 0.73% | 0.75% | 0.78% | 0.72% | 0.83% | 0.85% | 0.91% | 0.70% |
| █▇▇▅▄▄▁▁ | Efficiency Ratio (%) | 71.2% | 70.4% | 70.0% | 68.6% | 67.6% | 67.3% | 65.2% | 64.8% |
| ▆██▄▁▅▃▁ | Cost of Funds (%) | 1.53% | 1.59% | 1.57% | 1.49% | 1.41% | 1.49% | 1.46% | 1.39% |
| ▅▁▂▇▅▆█▆ | NPA / Assets (%) | 0.44% | 0.33% | 0.36% | 0.48% | 0.43% | 0.47% | 0.52% | 0.45% |
| ▆▁▂█▅▆█▅ | Net Charge-Off Ratio (%) | 0.70% | 0.51% | 0.55% | 0.75% | 0.66% | 0.70% | 0.76% | 0.66% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $32 | $35 | $34 | $35 | $35 | $37 | $39 | $38 |
| ▁▂▄▄▅▆▇█ | Gross Loans ($M) | $217 | $225 | $231 | $231 | $237 | $240 | $247 | $252 |
| ▁▄▁▅█▅▅█ | Total Deposits ($M) | $308 | $315 | $309 | $317 | $322 | $316 | $317 | $324 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 5% |
| Consumer | 15% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 14% |