Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.26 | 1.17% |
| Return on Equity (%) | ▲ | 14.66% | +1.92 | 12.74% |
| Net Interest Margin (%) | ▲ | 4.26% | +0.37 | 3.90% |
| Efficiency Ratio (%) | ▲ | 62.59% | -2.49 | 65.08% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.23 | $2 |
| Cost of Funds (%) | ▲ | 1.33% | -0.05 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $413 | +3.19 | $410 |
| Gross Loans ($M) | ▲ | $337 | +9.07 | $328 |
| Loan Growth YoY (%) | ▲ | 89.92% | +1.28 | 88.64% |
| Total Deposits ($M) | ▲ | $370 | +3.82 | $366 |
| Shareholders Equity ($M) | ▲ | $41 | +2.61 | $38 |
| Tang. Book Value ($M) | ▲ | $41 | +2.70 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +2.50 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 89.92% | +1.28 | 88.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.11 | 0.04% |
| Allowance / Loans (%) | — | 1.50% | 0.25% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.17% | +0.13 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.27% | +0.58 | 11.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▁▃▅█ | Net Interest Margin (%) | 3.86% | 3.88% | 3.90% | 3.90% | 3.91% | 3.97% | 4.08% | 4.26% |
| ▂▄▄▁▁▂▁█ | Return on Assets (%) | 1.23% | 1.28% | 1.29% | 1.17% | 1.19% | 1.23% | 1.19% | 1.43% |
| ▅▃▂█▇▄▁▃ | Efficiency Ratio (%) | 63.4% | 62.2% | 62.0% | 65.1% | 64.2% | 63.1% | 61.2% | 62.6% |
| ▁▅█▄█▆▆▃ | Cost of Funds (%) | 1.26% | 1.42% | 1.52% | 1.38% | 1.52% | 1.45% | 1.44% | 1.33% |
| ▁▁▁▁▆███ | NPA / Assets (%) | 0.03% | 0.03% | 0.04% | 0.04% | 0.11% | 0.15% | 0.16% | 0.14% |
| ▁▁▁▁▅▇█▇ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.05% | 0.05% | 0.13% | 0.18% | 0.20% | 0.17% |
| ▁▂▃▅▆█▇█ | Tang. Book Value ($M) | $35 | $36 | $37 | $38 | $39 | $40 | $39 | $41 |
| ▁▃▃▅████ | Gross Loans ($M) | $316 | $322 | $324 | $328 | $335 | $337 | $335 | $337 |
| ▁▇▅▃▄█▅▄ | Total Deposits ($M) | $354 | $381 | $374 | $366 | $368 | $389 | $374 | $370 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 3% |