Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.81% | -0.05 | 0.86% |
| Return on Equity (%) | ▼ | 7.86% | -0.87 | 8.73% |
| Net Interest Margin (%) | ▲ | 3.05% | +0.06 | 2.99% |
| Efficiency Ratio (%) | ▼ | 66.57% | +3.29 | 63.28% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.06 | $2 |
| Cost of Funds (%) | ▲ | 1.41% | -0.03 | 1.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $730 | +37.15 | $693 |
| Gross Loans ($M) | ▲ | $463 | +10.85 | $452 |
| Loan Growth YoY (%) | ▼ | 70.16% | -1.79 | 71.95% |
| Total Deposits ($M) | ▲ | $650 | +31.28 | $619 |
| Shareholders Equity ($M) | ▲ | $75 | +5.74 | $69 |
| Tang. Book Value ($M) | ▲ | $75 | +5.74 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +5.65 | $76 |
| Loan / Deposit Ratio (%) | ▼ | 70.16% | -1.79 | 71.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.14 | 0.14% |
| Allowance / Loans (%) | — | 1.42% | -0.03% | 1.45% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.21 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.57% | +0.67 | 17.89% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▂▆▇█▇ | Net Interest Margin (%) | 2.98% | 2.99% | 2.99% | 2.99% | 3.04% | 3.05% | 3.07% | 3.05% |
| ▁▃▂█▃▄▃▄ | Return on Assets (%) | 0.78% | 0.80% | 0.80% | 0.86% | 0.81% | 0.81% | 0.81% | 0.81% |
| ▇▄▆▁▄▅▇█ | Efficiency Ratio (%) | 66.0% | 64.8% | 65.5% | 63.3% | 64.9% | 65.0% | 65.8% | 66.6% |
| ███▂▄▇▆▁ | Cost of Funds (%) | 1.59% | 1.59% | 1.59% | 1.44% | 1.49% | 1.56% | 1.54% | 1.41% |
| ▇█▆█▄█▆▁ | NPA / Assets (%) | 0.13% | 0.14% | 0.10% | 0.14% | 0.07% | 0.15% | 0.10% | 0.00% |
| ▇█▆█▄█▆▁ | Net Charge-Off Ratio (%) | 0.19% | 0.21% | 0.15% | 0.21% | 0.11% | 0.24% | 0.16% | 0.00% |
| ▁▄▂▅▅█▇█ | Tang. Book Value ($M) | $64 | $69 | $66 | $69 | $71 | $74 | $74 | $75 |
| ▇▅▁▄▆▅▆█ | Gross Loans ($M) | $459 | $455 | $445 | $452 | $458 | $455 | $457 | $463 |
| ▁▁▁▄▅█▇█ | Total Deposits ($M) | $589 | $595 | $591 | $619 | $623 | $646 | $636 | $650 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 8% |