Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.76% | +0.28 | 0.49% |
| Return on Equity (%) | ▲ | 4.52% | +1.62 | 2.90% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.33 | 2.78% |
| Efficiency Ratio (%) | ▲ | 63.16% | -9.14 | 72.30% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.72 | $1 |
| Cost of Funds (%) | ▲ | 1.64% | -0.18 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $729 | +23.74 | $706 |
| Gross Loans ($M) | ▼ | $543 | -33.69 | $577 |
| Loan Growth YoY (%) | ▼ | 89.64% | -8.72 | 98.36% |
| Total Deposits ($M) | ▲ | $601 | +19.91 | $581 |
| Shareholders Equity ($M) | ▲ | $123 | +4.14 | $119 |
| Tang. Book Value ($M) | ▲ | $122 | +4.14 | $118 |
| TBV excl. AOCI ($M)** | ▲ | $124 | +4.63 | $120 |
| Loan / Deposit Ratio (%) | ▼ | 89.64% | -8.72 | 98.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.85% | -1.20 | 2.05% |
| Allowance / Loans (%) | — | 0.83% | -0.10% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 1.14% | -1.37 | 2.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▅▁▃▅▇█ | Net Interest Margin (%) | 2.89% | 2.94% | 2.97% | 2.78% | 2.90% | 2.96% | 3.03% | 3.11% |
| ▅▅█▁▃▄█▆ | Return on Assets (%) | 0.69% | 0.73% | 0.87% | 0.49% | 0.61% | 0.67% | 0.86% | 0.76% |
| ▄▃▁█▆▄▁▄ | Efficiency Ratio (%) | 63.4% | 61.2% | 57.0% | 72.3% | 67.1% | 64.3% | 58.6% | 63.2% |
| ▇██▅▆▆▃▁ | Cost of Funds (%) | 1.88% | 1.94% | 1.90% | 1.82% | 1.85% | 1.85% | 1.74% | 1.64% |
| ▁▁▁█▆▆▆▄ | NPA / Assets (%) | 0.05% | 0.05% | 0.05% | 2.05% | 1.48% | 1.40% | 1.41% | 0.85% |
| ▁▁▁█▆▆▇▄ | Net Charge-Off Ratio (%) | 0.06% | 0.00% | 0.00% | 2.50% | 1.85% | 1.82% | 1.88% | 1.14% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $115 | $117 | $118 | $118 | $119 | $120 | $121 | $122 |
| ▇▇██▇▄▁▁ | Gross Loans ($M) | $574 | $572 | $581 | $577 | $572 | $561 | $546 | $543 |
| ▄▁▃▁▂▇██ | Total Deposits ($M) | $589 | $580 | $588 | $581 | $585 | $599 | $602 | $601 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 22% |