Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.52% | +0.18 | 0.34% |
| Return on Equity (%) | ▲ | 8.97% | +1.13 | 7.84% |
| Net Interest Margin (%) | ▲ | 2.92% | +0.41 | 2.51% |
| Efficiency Ratio (%) | ▲ | 80.66% | -3.70 | 84.36% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $0 |
| Cost of Funds (%) | ▲ | 1.23% | -0.17 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $370 | +10.99 | $359 |
| Gross Loans ($M) | ▲ | $203 | +6.75 | $196 |
| Loan Growth YoY (%) | ▲ | 58.12% | +0.96 | 57.16% |
| Total Deposits ($M) | ▲ | $347 | +5.87 | $341 |
| Shareholders Equity ($M) | ▲ | $21 | +4.95 | $16 |
| Tang. Book Value ($M) | ▲ | $21 | +4.95 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +4.39 | $22 |
| Loan / Deposit Ratio (%) | ▲ | 58.12% | +0.96 | 57.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.06 | 0.45% |
| Allowance / Loans (%) | — | 0.53% | 0.01% | 0.52% |
| Net Charge-Off Ratio (%) | ▼ | 0.93% | +0.10 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.58% | +0.59 | 15.99% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.21% | 2.23% | 2.30% | 2.51% | 2.61% | 2.67% | 2.74% | 2.92% |
| ▁▁▃▅▆███ | Return on Assets (%) | 0.12% | 0.16% | 0.22% | 0.34% | 0.38% | 0.48% | 0.51% | 0.52% |
| ██▆▃▂▁▁▂ | Efficiency Ratio (%) | 95.7% | 93.5% | 89.5% | 84.4% | 82.3% | 78.7% | 78.0% | 80.7% |
| ▇▇█▄▅▃▃▁ | Cost of Funds (%) | 1.50% | 1.52% | 1.58% | 1.40% | 1.41% | 1.35% | 1.35% | 1.23% |
| █▅▃▁▁▆▁█ | NPA / Assets (%) | 0.50% | 0.48% | 0.46% | 0.45% | 0.45% | 0.49% | 0.45% | 0.51% |
| █▇▃▂▁▅▁█ | Net Charge-Off Ratio (%) | 0.92% | 0.91% | 0.84% | 0.82% | 0.80% | 0.87% | 0.82% | 0.93% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $13 | $17 | $14 | $16 | $17 | $20 | $21 | $21 |
| ▁▃▄▅▇█▇█ | Gross Loans ($M) | $189 | $193 | $194 | $196 | $200 | $203 | $201 | $203 |
| ▁█▃▅▄▆▇█ | Total Deposits ($M) | $331 | $348 | $337 | $341 | $339 | $343 | $345 | $347 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 6% |
| Consumer | 11% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 7% |