Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.04 | 0.99% |
| Return on Equity (%) | ▼ | 9.14% | -0.20 | 9.34% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.10 | 3.52% |
| Efficiency Ratio (%) | ▲ | 60.04% | -0.65 | 60.69% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.27 | $2 |
| Cost of Funds (%) | ▲ | 1.18% | -0.10 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $556 | +45.58 | $511 |
| Gross Loans ($M) | ▲ | $313 | +35.08 | $278 |
| Loan Growth YoY (%) | ▲ | 65.22% | +3.07 | 62.15% |
| Total Deposits ($M) | ▲ | $473 | +33.11 | $440 |
| Shareholders Equity ($M) | ▲ | $62 | +7.82 | $54 |
| Tang. Book Value ($M) | ▲ | $62 | +7.82 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +7.56 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 65.22% | +3.07 | 62.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.01 | 0.02% |
| Allowance / Loans (%) | — | 1.56% | -0.21% | 1.77% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.02 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.78% | -0.51 | 21.29% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▃▄▁███▇ | Net Interest Margin (%) | 3.62% | 3.57% | 3.57% | 3.52% | 3.64% | 3.65% | 3.64% | 3.63% |
| ▇▆█▁▅▆█▂ | Return on Assets (%) | 1.17% | 1.15% | 1.23% | 0.99% | 1.14% | 1.15% | 1.21% | 1.03% |
| ▁▂▂▇▆██▆ | Efficiency Ratio (%) | 57.3% | 58.0% | 58.2% | 60.7% | 60.1% | 61.1% | 61.4% | 60.0% |
| ▂▇█▃▄▃▃▁ | Cost of Funds (%) | 1.25% | 1.40% | 1.47% | 1.27% | 1.30% | 1.28% | 1.26% | 1.18% |
| ▅██▄█▂▂▁ | NPA / Assets (%) | 0.03% | 0.04% | 0.04% | 0.02% | 0.04% | 0.02% | 0.02% | 0.01% |
| ▇██▄█▂▂▁ | Net Charge-Off Ratio (%) | 0.05% | 0.06% | 0.05% | 0.03% | 0.06% | 0.02% | 0.01% | 0.01% |
| ▁▅▁▃▄▇██ | Tang. Book Value ($M) | $51 | $57 | $51 | $54 | $55 | $60 | $62 | $62 |
| ▁▁▂▃▂▃▆█ | Gross Loans ($M) | $262 | $267 | $269 | $278 | $270 | $281 | $296 | $313 |
| ▂▃▁▃▄▅██ | Total Deposits ($M) | $432 | $440 | $424 | $440 | $442 | $455 | $468 | $473 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 12% |