Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.02 | 0.78% |
| Return on Equity (%) | ▲ | 7.53% | +0.48 | 7.05% |
| Net Interest Margin (%) | ▼ | 3.23% | -0.12 | 3.35% |
| Efficiency Ratio (%) | ▲ | 64.98% | -2.17 | 67.15% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.26 | $2 |
| Cost of Funds (%) | ▲ | 2.62% | -0.37 | 2.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $635 | +58.49 | $577 |
| Gross Loans ($M) | ▲ | $546 | +56.94 | $489 |
| Loan Growth YoY (%) | ▲ | 96.76% | +1.18 | 95.58% |
| Total Deposits ($M) | ▲ | $559 | +51.62 | $508 |
| Shareholders Equity ($M) | ▲ | $70 | +5.74 | $64 |
| Tang. Book Value ($M) | ▲ | $69 | +5.77 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 96.76% | +1.18 | 95.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.59 | 0.00% |
| Allowance / Loans (%) | — | 0.92% | 0.10% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.68 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.93% | -0.20 | 12.13% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▃▅▅▄▁ | Net Interest Margin (%) | 3.69% | 3.69% | 3.66% | 3.35% | 3.47% | 3.49% | 3.46% | 3.23% |
| ▅▆▇▁▅█▆▁ | Return on Assets (%) | 0.88% | 0.91% | 0.93% | 0.78% | 0.89% | 0.96% | 0.90% | 0.80% |
| █▇▆▆▁▁▁▃ | Efficiency Ratio (%) | 68.8% | 67.4% | 66.9% | 67.1% | 63.0% | 63.2% | 62.8% | 65.0% |
| ██▅▄▂▄▂▁ | Cost of Funds (%) | 3.60% | 3.51% | 3.22% | 2.99% | 2.85% | 3.02% | 2.75% | 2.62% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.57% | 0.59% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.71% | 0.68% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $59 | $60 | $62 | $63 | $64 | $66 | $67 | $69 |
| ▁▃▃▄▇▆▇█ | Gross Loans ($M) | $448 | $477 | $473 | $489 | $530 | $510 | $526 | $546 |
| ▁▂▃▃▆▇█▇ | Total Deposits ($M) | $462 | $482 | $501 | $508 | $553 | $564 | $588 | $559 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 35% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 5% |