Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.37% | +0.33 | 0.04% |
| Return on Equity (%) | ▲ | 3.57% | +3.18 | 0.39% |
| Net Interest Margin (%) | ▲ | 2.71% | +0.31 | 2.40% |
| Efficiency Ratio (%) | ▲ | 89.39% | -5.90 | 95.29% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.51 | $0 |
| Cost of Funds (%) | ▲ | 2.05% | -0.17 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,112 | +31.96 | $1,080 |
| Gross Loans ($M) | ▲ | $898 | +33.35 | $865 |
| Loan Growth YoY (%) | ▲ | 101.22% | +1.22 | 100.00% |
| Total Deposits ($M) | ▲ | $878 | +21.19 | $857 |
| Shareholders Equity ($M) | ▲ | $117 | +8.55 | $108 |
| Tang. Book Value ($M) | ▲ | $117 | +8.55 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $124 | +8.97 | $115 |
| Loan / Deposit Ratio (%) | ▲ | 101.22% | +1.22 | 100.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.60% | -0.10 | 0.70% |
| Allowance / Loans (%) | — | 1.04% | 0.13% | 0.92% |
| Net Charge-Off Ratio (%) | ▲ | 0.74% | -0.14 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▃▄▆█ | Net Interest Margin (%) | 2.44% | 2.39% | 2.39% | 2.40% | 2.49% | 2.55% | 2.60% | 2.71% |
| ██▆▁▅▇▇▇ | Return on Assets (%) | 0.43% | 0.39% | 0.32% | 0.04% | 0.28% | 0.35% | 0.35% | 0.37% |
| ▁▅▄█▅▃▃▃ | Efficiency Ratio (%) | 87.0% | 91.6% | 90.8% | 95.3% | 91.8% | 90.1% | 89.7% | 89.4% |
| ▄██▆▄▃▂▁ | Cost of Funds (%) | 2.16% | 2.31% | 2.30% | 2.22% | 2.15% | 2.15% | 2.11% | 2.05% |
| ▁▆▇█▇▆▇▇ | NPA / Assets (%) | 0.17% | 0.55% | 0.59% | 0.70% | 0.61% | 0.56% | 0.57% | 0.60% |
| ▁▆▇█▇▆▆▇ | Net Charge-Off Ratio (%) | 0.21% | 0.69% | 0.73% | 0.88% | 0.77% | 0.70% | 0.71% | 0.74% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $104 | $109 | $106 | $108 | $110 | $113 | $115 | $117 |
| ▁▂▃▃▃███ | Gross Loans ($M) | $853 | $861 | $867 | $865 | $867 | $893 | $898 | $898 |
| ▁▅▅▆▇███ | Total Deposits ($M) | $788 | $835 | $839 | $857 | $859 | $875 | $880 | $878 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 19% |