Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.49% | +0.16 | 1.33% |
| Return on Equity (%) | ▲ | 12.01% | +1.12 | 10.89% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.19 | 3.28% |
| Efficiency Ratio (%) | ▲ | 43.50% | -3.13 | 46.63% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.46 | $3 |
| Cost of Funds (%) | ▲ | 1.63% | -0.03 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $601 | +41.91 | $559 |
| Gross Loans ($M) | ▲ | $431 | +2.11 | $429 |
| Loan Growth YoY (%) | ▼ | 81.37% | -5.64 | 87.01% |
| Total Deposits ($M) | ▲ | $522 | +36.26 | $486 |
| Shareholders Equity ($M) | ▲ | $74 | +5.40 | $69 |
| Tang. Book Value ($M) | ▲ | $70 | +5.68 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +6.29 | $66 |
| Loan / Deposit Ratio (%) | ▼ | 81.37% | -5.64 | 87.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.10 | 0.10% |
| Allowance / Loans (%) | — | 1.40% | -0.00% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.11 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.41% | +1.66 | 15.75% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇███ | Net Interest Margin (%) | 2.92% | 2.98% | 3.06% | 3.28% | 3.43% | 3.51% | 3.53% | 3.47% |
| ▂▂▁▆▅▆▃█ | Return on Assets (%) | 1.06% | 1.06% | 0.96% | 1.33% | 1.28% | 1.34% | 1.10% | 1.49% |
| ▆▆█▂▄▄█▁ | Efficiency Ratio (%) | 54.6% | 54.9% | 59.7% | 46.6% | 50.6% | 49.8% | 58.0% | 43.5% |
| ▇█▅▂▁▁▁▁ | Cost of Funds (%) | 1.88% | 1.92% | 1.80% | 1.66% | 1.60% | 1.62% | 1.62% | 1.63% |
| ▁▁▂█▂▂▆▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.01% | 0.10% | 0.01% | 0.01% | 0.07% | 0.00% |
| ▁▁▁█▁▁▇▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.11% | 0.00% | 0.00% | 0.09% | 0.00% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $60 | $62 | $63 | $64 | $66 | $68 | $69 | $70 |
| ▁▁▁▃▃██▄ | Gross Loans ($M) | $425 | $424 | $425 | $429 | $430 | $440 | $440 | $431 |
| ▁▄▃▃▁▃▇█ | Total Deposits ($M) | $468 | $494 | $485 | $486 | $467 | $486 | $509 | $522 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 10% |