Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.40 | 1.25% |
| Return on Equity (%) | ▲ | 11.63% | +2.13 | 9.50% |
| Net Interest Margin (%) | ▲ | 4.15% | +0.15 | 4.00% |
| Efficiency Ratio (%) | ▲ | 54.14% | -7.67 | 61.81% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.94 | $3 |
| Cost of Funds (%) | ▲ | 1.02% | -0.05 | 1.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $930 | +26.21 | $904 |
| Gross Loans ($M) | ▲ | $584 | +58.10 | $526 |
| Loan Growth YoY (%) | ▲ | 74.38% | +5.97 | 68.40% |
| Total Deposits ($M) | ▲ | $774 | +17.40 | $757 |
| Shareholders Equity ($M) | ▲ | $133 | +11.22 | $122 |
| Tang. Book Value ($M) | ▲ | $133 | +11.22 | $122 |
| TBV excl. AOCI ($M)** | ▲ | $144 | +10.34 | $134 |
| Loan / Deposit Ratio (%) | ▲ | 74.38% | +5.97 | 68.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.88% | +0.30 | 0.58% |
| Allowance / Loans (%) | — | 1.50% | -0.17% | 1.67% |
| Net Charge-Off Ratio (%) | ▼ | 1.19% | +0.52 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▇▇▇█ | Net Interest Margin (%) | 3.82% | 3.79% | 3.90% | 4.00% | 4.11% | 4.07% | 4.10% | 4.15% |
| ▁▁▁▂▃▄▂█ | Return on Assets (%) | 1.21% | 1.15% | 1.17% | 1.25% | 1.33% | 1.37% | 1.21% | 1.65% |
| ▆▆█▆▅▅█▁ | Efficiency Ratio (%) | 61.1% | 62.0% | 64.6% | 61.8% | 60.3% | 60.4% | 64.9% | 54.1% |
| ▅▅█▂▂▁▆▁ | Cost of Funds (%) | 1.14% | 1.16% | 1.24% | 1.07% | 1.05% | 1.05% | 1.17% | 1.02% |
| ▇▃▁▃▃▂██ | NPA / Assets (%) | 0.79% | 0.58% | 0.44% | 0.58% | 0.61% | 0.52% | 0.89% | 0.88% |
| ▃▃▁▃▃▂██ | Net Charge-Off Ratio (%) | 0.72% | 0.70% | 0.45% | 0.67% | 0.68% | 0.60% | 1.21% | 1.19% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $114 | $122 | $118 | $122 | $124 | $130 | $132 | $133 |
| ▂▅▁▁▄▆▇█ | Gross Loans ($M) | $540 | $556 | $532 | $526 | $554 | $567 | $573 | $584 |
| ▃█▅▃▁▇▅▄ | Total Deposits ($M) | $754 | $823 | $778 | $757 | $730 | $810 | $782 | $774 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 4% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 5% |