Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.44 | 0.61% |
| Return on Equity (%) | ▲ | 13.90% | +5.32 | 8.58% |
| Net Interest Margin (%) | ▲ | 3.28% | +0.67 | 2.61% |
| Efficiency Ratio (%) | ▲ | 61.56% | -8.29 | 69.86% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.87 | $1 |
| Cost of Funds (%) | ▲ | 1.66% | -0.33 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $673 | +36.07 | $637 |
| Gross Loans ($M) | ▲ | $527 | +37.75 | $489 |
| Loan Growth YoY (%) | ▲ | 88.01% | +1.15 | 86.86% |
| Total Deposits ($M) | ▲ | $592 | +35.16 | $557 |
| Shareholders Equity ($M) | ▲ | $51 | +5.61 | $45 |
| Tang. Book Value ($M) | ▲ | $51 | +5.61 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +5.53 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 88.01% | +1.15 | 86.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.69% | +0.18 | 0.51% |
| Allowance / Loans (%) | — | 1.09% | -0.01% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.88% | +0.22 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▅█ | Net Interest Margin (%) | 2.25% | 2.31% | 2.40% | 2.61% | 2.71% | 2.80% | 2.88% | 3.28% |
| ▁▂▃▃▃▄▄█ | Return on Assets (%) | 0.36% | 0.49% | 0.55% | 0.61% | 0.58% | 0.68% | 0.70% | 1.04% |
| █▇▇▃▄▂▃▁ | Efficiency Ratio (%) | 84.2% | 80.3% | 79.5% | 69.9% | 71.2% | 66.3% | 67.6% | 61.6% |
| █▇▆▅▄▅▃▁ | Cost of Funds (%) | 2.24% | 2.14% | 2.09% | 1.99% | 1.93% | 1.98% | 1.84% | 1.66% |
| ▁▁▃▃▃██▆ | NPA / Assets (%) | 0.41% | 0.45% | 0.52% | 0.51% | 0.53% | 0.79% | 0.76% | 0.69% |
| ▁▂▃▃▃██▆ | Net Charge-Off Ratio (%) | 0.53% | 0.60% | 0.68% | 0.66% | 0.69% | 1.02% | 0.98% | 0.88% |
| ▁▆▁▂▃▅▇█ | Tang. Book Value ($M) | $44 | $49 | $44 | $45 | $46 | $48 | $49 | $51 |
| ▁▁▁▁▅▇▇█ | Gross Loans ($M) | $490 | $487 | $486 | $489 | $508 | $520 | $517 | $527 |
| ▂▂▂▁▂█▇█ | Total Deposits ($M) | $562 | $564 | $564 | $557 | $564 | $592 | $585 | $592 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 13% |