Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.89% | +0.11 | 1.78% |
| Return on Equity (%) | ▼ | 13.69% | -0.90 | 14.59% |
| Net Interest Margin (%) | ▲ | 4.43% | +0.36 | 4.08% |
| Efficiency Ratio (%) | ▲ | 49.04% | -0.31 | 49.35% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.31 | $3 |
| Cost of Funds (%) | ▼ | 0.83% | +0.04 | 0.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $583 | +16.76 | $566 |
| Gross Loans ($M) | ▲ | $284 | +14.21 | $270 |
| Loan Growth YoY (%) | ▲ | 56.84% | +1.85 | 54.99% |
| Total Deposits ($M) | ▲ | $493 | +8.83 | $484 |
| Shareholders Equity ($M) | ▲ | $81 | +10.22 | $70 |
| Tang. Book Value ($M) | ▲ | $81 | +10.22 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $91 | +9.58 | $81 |
| Loan / Deposit Ratio (%) | ▲ | 56.84% | +1.85 | 54.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.06 | 0.21% |
| Allowance / Loans (%) | — | 1.28% | 0.03% | 1.25% |
| Net Charge-Off Ratio (%) | ▲ | 0.23% | -0.02 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▇█ | Net Interest Margin (%) | 3.92% | 3.97% | 4.00% | 4.08% | 4.18% | 4.26% | 4.31% | 4.43% |
| ▁▁▁▅▇▇▆█ | Return on Assets (%) | 1.64% | 1.67% | 1.64% | 1.78% | 1.83% | 1.84% | 1.80% | 1.89% |
| ▇▇█▃▁▂▆▁ | Efficiency Ratio (%) | 50.5% | 50.5% | 51.0% | 49.4% | 48.8% | 49.1% | 50.3% | 49.0% |
| ▁▄▁▂█▆▅▆ | Cost of Funds (%) | 0.78% | 0.80% | 0.78% | 0.79% | 0.85% | 0.83% | 0.82% | 0.83% |
| █▂▅█▁▂▃▂ | NPA / Assets (%) | 0.22% | 0.16% | 0.18% | 0.21% | 0.14% | 0.15% | 0.17% | 0.16% |
| ▇▂▅█▁▂██ | Net Charge-Off Ratio (%) | 0.23% | 0.12% | 0.18% | 0.25% | 0.10% | 0.12% | 0.25% | 0.23% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $61 | $68 | $66 | $70 | $73 | $77 | $80 | $81 |
| ▁▂▃▃▅▅▇█ | Gross Loans ($M) | $264 | $267 | $270 | $270 | $275 | $276 | $280 | $284 |
| ▆▁▂▆▄▅▇█ | Total Deposits ($M) | $484 | $467 | $473 | $484 | $478 | $480 | $488 | $493 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 12% |