Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.40% | +0.14 | 0.26% |
| Return on Equity (%) | ▲ | 4.56% | +1.62 | 2.94% |
| Net Interest Margin (%) | ▲ | 3.36% | +0.53 | 2.82% |
| Efficiency Ratio (%) | ▲ | 82.90% | -5.81 | 88.72% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $0 |
| Cost of Funds (%) | ▲ | 1.62% | -0.22 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $585 | +38.26 | $547 |
| Gross Loans ($M) | ▲ | $472 | +40.22 | $432 |
| Loan Growth YoY (%) | ▲ | 89.24% | +1.69 | 87.55% |
| Total Deposits ($M) | ▲ | $524 | +35.83 | $488 |
| Shareholders Equity ($M) | ▲ | $51 | +2.47 | $49 |
| Tang. Book Value ($M) | ▲ | $51 | +2.50 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +2.49 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 89.24% | +1.69 | 87.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.02 | 0.41% |
| Allowance / Loans (%) | — | 0.91% | -0.09% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.01 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.32% | -1.59 | 12.91% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▃▄█ | Net Interest Margin (%) | 2.70% | 2.69% | 2.72% | 2.82% | 2.86% | 2.89% | 2.97% | 3.36% |
| █▆▄▁▁▁▁▂ | Return on Assets (%) | 1.34% | 0.97% | 0.71% | 0.26% | 0.29% | 0.31% | 0.37% | 0.40% |
| ▁▃▅████▆ | Efficiency Ratio (%) | 65.6% | 71.8% | 78.1% | 88.7% | 88.1% | 87.7% | 86.9% | 82.9% |
| ▇█▆▃▃▂▃▁ | Cost of Funds (%) | 2.07% | 2.21% | 2.06% | 1.84% | 1.83% | 1.76% | 1.79% | 1.62% |
| ▇█▅▃▄▃▁▃ | NPA / Assets (%) | 0.51% | 0.56% | 0.46% | 0.41% | 0.42% | 0.40% | 0.31% | 0.39% |
| ▇█▅▃▃▃▁▃ | Net Charge-Off Ratio (%) | 0.60% | 0.68% | 0.55% | 0.47% | 0.48% | 0.47% | 0.38% | 0.48% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $48 | $49 | $48 | $49 | $49 | $50 | $51 | $51 |
| ▂▂▁▁▄▆██ | Gross Loans ($M) | $435 | $435 | $428 | $432 | $444 | $458 | $470 | $472 |
| ▁▁▂▁▂█▅█ | Total Deposits ($M) | $491 | $488 | $496 | $488 | $494 | $521 | $510 | $524 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 14% |