Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.71% | +0.29 | 0.42% |
| Return on Equity (%) | ▲ | 7.78% | +2.87 | 4.91% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.51 | 3.17% |
| Efficiency Ratio (%) | ▲ | 74.96% | -7.21 | 82.16% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.84 | $1 |
| Cost of Funds (%) | ▲ | 1.20% | -0.03 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $882 | +33.63 | $849 |
| Gross Loans ($M) | ▲ | $695 | +63.73 | $631 |
| Loan Growth YoY (%) | ▲ | 94.93% | +7.99 | 86.94% |
| Total Deposits ($M) | ▲ | $726 | +5.85 | $720 |
| Shareholders Equity ($M) | ▲ | $80 | +7.64 | $73 |
| Tang. Book Value ($M) | ▲ | $79 | +7.65 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $85 | +6.61 | $79 |
| Loan / Deposit Ratio (%) | ▲ | 94.93% | +7.99 | 86.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.54% | -0.11 | 0.66% |
| Allowance / Loans (%) | — | 0.86% | 0.02% | 0.84% |
| Net Charge-Off Ratio (%) | ▲ | 0.69% | -0.19 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▁▂▄▄█ | Net Interest Margin (%) | 3.24% | 3.23% | 3.23% | 3.17% | 3.29% | 3.37% | 3.42% | 3.67% |
| ▃▃▂▁▃▂▄█ | Return on Assets (%) | 0.51% | 0.50% | 0.48% | 0.42% | 0.51% | 0.48% | 0.54% | 0.71% |
| ▆▆▆█▇▅▃▁ | Efficiency Ratio (%) | 79.7% | 79.8% | 80.2% | 82.2% | 80.6% | 79.1% | 77.1% | 75.0% |
| ▁▆██████ | Cost of Funds (%) | 0.99% | 1.16% | 1.23% | 1.23% | 1.23% | 1.23% | 1.21% | 1.20% |
| ▅█▆▅▄▁▁▁ | NPA / Assets (%) | 0.66% | 0.74% | 0.69% | 0.66% | 0.63% | 0.54% | 0.55% | 0.54% |
| ▆█▆▆▄▁▁▁ | Net Charge-Off Ratio (%) | 0.91% | 1.00% | 0.91% | 0.88% | 0.82% | 0.69% | 0.70% | 0.69% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $66 | $72 | $69 | $72 | $73 | $76 | $79 | $79 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $581 | $597 | $618 | $631 | $646 | $663 | $691 | $695 |
| ▁▁▄█▇▆▆█ | Total Deposits ($M) | $670 | $667 | $692 | $720 | $711 | $709 | $707 | $726 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 12% |
| Other | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 10% |