Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.44% | +0.95 | 1.49% |
| Return on Equity (%) | ▲ | 31.46% | +8.89 | 22.57% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.57 | 3.61% |
| Efficiency Ratio (%) | ▲ | 44.75% | -6.35 | 51.10% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.70 | $2 |
| Cost of Funds (%) | ▲ | 1.60% | -0.20 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $397 | +18.18 | $379 |
| Gross Loans ($M) | ▲ | $263 | +15.94 | $247 |
| Loan Growth YoY (%) | ▲ | 70.97% | +2.01 | 68.96% |
| Total Deposits ($M) | ▲ | $366 | +12.53 | $353 |
| Shareholders Equity ($M) | ▲ | $30 | +5.39 | $25 |
| Tang. Book Value ($M) | ▲ | $29 | +5.37 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +5.58 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 70.97% | +2.01 | 68.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.16 | 0.29% |
| Allowance / Loans (%) | — | 1.06% | -0.09% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -0.25 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.44% | +0.95 | 11.49% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▃▄▅█ | Net Interest Margin (%) | 3.56% | 3.59% | 3.66% | 3.61% | 3.77% | 3.84% | 3.89% | 4.18% |
| ▁▁▁▁▃▄▅█ | Return on Assets (%) | 1.53% | 1.57% | 1.56% | 1.49% | 1.79% | 1.90% | 2.00% | 2.44% |
| █▇▇▆▄▄▃▁ | Efficiency Ratio (%) | 54.2% | 52.7% | 52.3% | 51.1% | 48.6% | 48.5% | 47.9% | 44.8% |
| ▂██▇█▅▂▁ | Cost of Funds (%) | 1.63% | 1.82% | 1.85% | 1.80% | 1.85% | 1.75% | 1.63% | 1.60% |
| ▇▆▇▇▇██▁ | NPA / Assets (%) | 0.29% | 0.27% | 0.29% | 0.29% | 0.28% | 0.32% | 0.30% | 0.13% |
| █▇▇█▇██▁ | Net Charge-Off Ratio (%) | 0.44% | 0.40% | 0.42% | 0.44% | 0.42% | 0.47% | 0.44% | 0.20% |
| ▁▃▃▄▄▇██ | Tang. Book Value ($M) | $20 | $23 | $22 | $24 | $24 | $27 | $29 | $29 |
| ▁▃▃▅▆▆▇█ | Gross Loans ($M) | $225 | $236 | $239 | $247 | $249 | $251 | $255 | $263 |
| ▁▃▁▇▄▃▅█ | Total Deposits ($M) | $314 | $331 | $314 | $353 | $337 | $332 | $342 | $366 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 24% |