Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.77% | +0.31 | 0.46% |
| Return on Equity (%) | ▲ | 8.14% | +3.17 | 4.97% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.43 | 3.26% |
| Efficiency Ratio (%) | ▲ | 71.65% | -9.55 | 81.20% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.60 | $1 |
| Cost of Funds (%) | ▲ | 1.68% | -0.37 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $518 | +35.80 | $482 |
| Gross Loans ($M) | ▲ | $404 | +26.71 | $377 |
| Loan Growth YoY (%) | ▼ | 85.61% | -0.34 | 85.95% |
| Total Deposits ($M) | ▲ | $466 | +32.32 | $433 |
| Shareholders Equity ($M) | ▲ | $49 | +3.66 | $46 |
| Tang. Book Value ($M) | ▲ | $48 | +3.64 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +3.44 | $46 |
| Loan / Deposit Ratio (%) | ▼ | 85.61% | -0.34 | 85.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.16 | 0.18% |
| Allowance / Loans (%) | — | 1.30% | 0.05% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.14 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.40% | -0.60 | 13.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.96% | 2.99% | 3.03% | 3.26% | 3.40% | 3.45% | 3.54% | 3.68% |
| ▃▃▁▄▁▃▅█ | Return on Assets (%) | 0.43% | 0.41% | 0.28% | 0.46% | 0.27% | 0.42% | 0.52% | 0.77% |
| ▆▇█▆█▆▄▁ | Efficiency Ratio (%) | 82.9% | 83.3% | 85.6% | 81.2% | 86.8% | 83.0% | 79.1% | 71.6% |
| ███▆▅▅▂▁ | Cost of Funds (%) | 2.20% | 2.24% | 2.17% | 2.05% | 1.96% | 2.02% | 1.79% | 1.68% |
| ▃▇▆▄▂▄▁█ | NPA / Assets (%) | 0.13% | 0.27% | 0.24% | 0.18% | 0.11% | 0.19% | 0.03% | 0.34% |
| ▄██▅▂▅▁█ | Net Charge-Off Ratio (%) | 0.17% | 0.35% | 0.32% | 0.21% | 0.11% | 0.24% | 0.04% | 0.35% |
| ▁▃▂▃▄▅▇█ | Tang. Book Value ($M) | $43 | $44 | $44 | $45 | $45 | $46 | $47 | $48 |
| ▁▂▂▄▅▄▇█ | Gross Loans ($M) | $360 | $368 | $368 | $377 | $386 | $380 | $398 | $404 |
| ▁▂▅▃▂▂██ | Total Deposits ($M) | $422 | $428 | $446 | $433 | $433 | $432 | $464 | $466 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 5% |
| Consumer | 2% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 4% |