Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.67% | +0.02 | 0.66% |
| Return on Equity (%) | ▲ | 7.01% | +0.23 | 6.78% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.51 | 3.01% |
| Efficiency Ratio (%) | ▲ | 56.53% | -9.38 | 65.90% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.30 | $2 |
| Cost of Funds (%) | ▲ | 2.25% | -0.12 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $888 | +67.56 | $820 |
| Gross Loans ($M) | ▲ | $676 | +63.37 | $612 |
| Loan Growth YoY (%) | ▲ | 98.79% | +1.97 | 96.82% |
| Total Deposits ($M) | ▲ | $678 | +51.53 | $626 |
| Shareholders Equity ($M) | ▲ | $82 | +3.85 | $78 |
| Tang. Book Value ($M) | ▲ | $82 | +3.85 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $91 | +5.33 | $86 |
| Loan / Deposit Ratio (%) | ▲ | 98.79% | +1.97 | 96.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.04 | 0.30% |
| Allowance / Loans (%) | — | 0.88% | -0.07% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.38% | +0.09 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.41% | -0.80 | 15.21% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 2.57% | 2.60% | 2.70% | 3.01% | 3.15% | 3.20% | 3.29% | 3.52% |
| ▁▁▂▂▅▇█▂ | Return on Assets (%) | 0.53% | 0.57% | 0.62% | 0.66% | 0.87% | 0.98% | 1.12% | 0.67% |
| █▇▆▆▃▂▁▃ | Efficiency Ratio (%) | 70.9% | 68.1% | 64.7% | 65.9% | 58.1% | 54.9% | 51.1% | 56.5% |
| ██▅▃▅▃▂▁ | Cost of Funds (%) | 2.71% | 2.69% | 2.54% | 2.37% | 2.49% | 2.41% | 2.32% | 2.25% |
| ▁█▆▆▅▅▇▇ | NPA / Assets (%) | 0.07% | 0.38% | 0.28% | 0.30% | 0.26% | 0.23% | 0.34% | 0.34% |
| ▁█▃▅▄▃▆▆ | Net Charge-Off Ratio (%) | 0.09% | 0.48% | 0.21% | 0.29% | 0.24% | 0.23% | 0.38% | 0.38% |
| ▁▃▁▃▃▆█▅ | Tang. Book Value ($M) | $74 | $78 | $76 | $78 | $79 | $84 | $87 | $82 |
| ▁▂▃▃▃▅▇█ | Gross Loans ($M) | $590 | $604 | $615 | $612 | $615 | $633 | $661 | $676 |
| ▁▂▂▅▄▇▇█ | Total Deposits ($M) | $572 | $592 | $586 | $626 | $624 | $664 | $659 | $678 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 2% |