Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.14 | 0.85% |
| Return on Equity (%) | ▲ | 10.06% | +0.77 | 9.29% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.49 | 3.31% |
| Efficiency Ratio (%) | ▲ | 62.38% | -3.22 | 65.61% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.58 | $2 |
| Cost of Funds (%) | ▲ | 1.43% | -0.12 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $732 | +11.74 | $721 |
| Gross Loans ($M) | ▲ | $560 | +70.06 | $490 |
| Loan Growth YoY (%) | ▲ | 84.53% | +9.94 | 74.59% |
| Total Deposits ($M) | ▲ | $654 | +5.22 | $649 |
| Shareholders Equity ($M) | ▲ | $73 | +6.37 | $66 |
| Tang. Book Value ($M) | ▲ | $73 | +6.37 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +6.82 | $71 |
| Loan / Deposit Ratio (%) | ▲ | 84.53% | +9.94 | 74.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.75% | -0.19 | 0.93% |
| Allowance / Loans (%) | — | 1.24% | 0.06% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.97% | -0.40 | 1.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.34% | -0.48 | 13.82% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▂▃▄█ | Net Interest Margin (%) | 3.34% | 3.36% | 3.42% | 3.31% | 3.38% | 3.45% | 3.54% | 3.80% |
| ▁▃█▁▃▅▇█ | Return on Assets (%) | 0.87% | 0.91% | 1.00% | 0.85% | 0.90% | 0.94% | 0.97% | 0.99% |
| ▅▆▃█▆▄▁▂ | Efficiency Ratio (%) | 63.8% | 64.5% | 63.0% | 65.6% | 64.6% | 63.4% | 61.9% | 62.4% |
| ██▆▄▇▃▃▁ | Cost of Funds (%) | 1.65% | 1.67% | 1.61% | 1.55% | 1.63% | 1.49% | 1.50% | 1.43% |
| ▆▅██▄▂▄▁ | NPA / Assets (%) | 0.88% | 0.85% | 0.93% | 0.93% | 0.83% | 0.79% | 0.84% | 0.75% |
| ▅▅██▅▄▃▁ | Net Charge-Off Ratio (%) | 1.19% | 1.19% | 1.33% | 1.37% | 1.21% | 1.15% | 1.12% | 0.97% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $61 | $63 | $65 | $66 | $68 | $70 | $71 | $73 |
| ▄▂▂▁▁▂▇█ | Gross Loans ($M) | $518 | $506 | $500 | $490 | $496 | $502 | $543 | $560 |
| ▁▄▆▇██▇█ | Total Deposits ($M) | $599 | $627 | $643 | $649 | $655 | $661 | $652 | $654 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |