Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.26 | 0.92% |
| Return on Equity (%) | ▲ | 8.83% | +1.31 | 7.52% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.13 | 3.13% |
| Efficiency Ratio (%) | ▲ | 51.23% | -9.38 | 60.61% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.07 | $3 |
| Cost of Funds (%) | ▲ | 2.69% | -0.23 | 2.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $925 | +0.73 | $924 |
| Gross Loans ($M) | ▼ | $794 | -4.62 | $799 |
| Loan Growth YoY (%) | ▲ | 99.19% | +0.81 | 98.38% |
| Total Deposits ($M) | ▼ | $790 | -12.07 | $802 |
| Shareholders Equity ($M) | ▲ | $128 | +13.49 | $114 |
| Tang. Book Value ($M) | ▲ | $126 | +13.65 | $112 |
| Loan / Deposit Ratio (%) | ▲ | 99.19% | +0.81 | 98.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.13 | 0.28% |
| Allowance / Loans (%) | — | 1.39% | 0.11% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.15 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.55% | +2.23 | 18.32% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▃▁▅██▄ | Net Interest Margin (%) | 3.22% | 3.25% | 3.21% | 3.13% | 3.27% | 3.37% | 3.39% | 3.26% |
| ▁▃▃▂▅▇██ | Return on Assets (%) | 0.85% | 0.94% | 0.94% | 0.92% | 1.05% | 1.13% | 1.17% | 1.19% |
| ▇▅▅█▆▃▁▁ | Efficiency Ratio (%) | 59.4% | 56.5% | 56.2% | 60.6% | 57.6% | 54.7% | 52.0% | 51.2% |
| ▇██▅▁▂▁▁ | Cost of Funds (%) | 3.06% | 3.15% | 3.11% | 2.92% | 2.66% | 2.76% | 2.70% | 2.69% |
| █▂▁▁▆▅▇▅ | NPA / Assets (%) | 0.52% | 0.31% | 0.30% | 0.28% | 0.43% | 0.41% | 0.48% | 0.41% |
| █▂▁▁▆▅█▅ | Net Charge-Off Ratio (%) | 0.55% | 0.36% | 0.35% | 0.32% | 0.49% | 0.46% | 0.57% | 0.48% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $104 | $107 | $110 | $112 | $116 | $120 | $123 | $126 |
| ▁▃▄▆█▇▆▅ | Gross Loans ($M) | $746 | $772 | $783 | $799 | $827 | $816 | $799 | $794 |
| ▁▄▆▆▆▆█▅ | Total Deposits ($M) | $748 | $778 | $795 | $802 | $798 | $795 | $822 | $790 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 34% |