Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.65% | +0.14 | 0.51% |
| Return on Equity (%) | ▲ | 3.83% | +0.63 | 3.20% |
| Net Interest Margin (%) | ▲ | 3.04% | +0.22 | 2.81% |
| Efficiency Ratio (%) | ▲ | 72.78% | -3.21 | 75.99% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 1.61% | -0.15 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $478 | -3.28 | $482 |
| Gross Loans ($M) | ▲ | $350 | +6.10 | $344 |
| Loan Growth YoY (%) | ▲ | 90.16% | +1.83 | 88.34% |
| Total Deposits ($M) | ▼ | $384 | -1.02 | $385 |
| Shareholders Equity ($M) | ▲ | $82 | +4.75 | $77 |
| Tang. Book Value ($M) | ▲ | $82 | +4.75 | $77 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +4.23 | $81 |
| Loan / Deposit Ratio (%) | ▲ | 90.16% | +1.83 | 88.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.08 | 0.15% |
| Allowance / Loans (%) | — | 1.04% | -0.02% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.10 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 34.83% | +1.01 | 33.82% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▄▆▇█ | Net Interest Margin (%) | 2.85% | 2.84% | 2.83% | 2.81% | 2.90% | 2.97% | 2.99% | 3.04% |
| ▂▂▁▂▇█▇▇ | Return on Assets (%) | 0.51% | 0.52% | 0.47% | 0.51% | 0.67% | 0.71% | 0.67% | 0.65% |
| ▅▆██▂▁▃▄ | Efficiency Ratio (%) | 73.6% | 74.2% | 76.1% | 76.0% | 70.5% | 69.5% | 71.3% | 72.8% |
| ▇██▆▃▃▃▁ | Cost of Funds (%) | 1.81% | 1.84% | 1.83% | 1.76% | 1.68% | 1.69% | 1.68% | 1.61% |
| ██▄▁▁▇▃▆ | NPA / Assets (%) | 0.26% | 0.27% | 0.20% | 0.15% | 0.14% | 0.25% | 0.19% | 0.23% |
| ██▄▁▁▇▃▆ | Net Charge-Off Ratio (%) | 0.36% | 0.37% | 0.27% | 0.22% | 0.20% | 0.34% | 0.26% | 0.32% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $74 | $76 | $76 | $77 | $78 | $80 | $81 | $82 |
| ▁▃▄▆████ | Gross Loans ($M) | $330 | $336 | $340 | $344 | $349 | $349 | $351 | $350 |
| ▃▁▃▆█▄▅▅ | Total Deposits ($M) | $376 | $367 | $376 | $385 | $395 | $380 | $383 | $384 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 17% |