Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.51% | +0.37 | 2.14% |
| Return on Equity (%) | ▲ | 16.86% | +1.95 | 14.91% |
| Net Interest Margin (%) | ▲ | 6.01% | +0.14 | 5.87% |
| Efficiency Ratio (%) | ▲ | 43.91% | -6.47 | 50.38% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.55 | $2 |
| Cost of Funds (%) | ▲ | 0.60% | -0.02 | 0.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $270 | +19.26 | $251 |
| Gross Loans ($M) | ▲ | $220 | +21.09 | $199 |
| Loan Growth YoY (%) | ▲ | 95.90% | +3.93 | 91.97% |
| Total Deposits ($M) | ▲ | $226 | +12.97 | $213 |
| Shareholders Equity ($M) | ▲ | $42 | +6.15 | $36 |
| Tang. Book Value ($M) | ▲ | $42 | +6.15 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 95.90% | +3.93 | 91.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -1.77 | 1.91% |
| Allowance / Loans (%) | — | 1.43% | -0.02% | 1.45% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -2.24 | 2.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.46% | +2.40 | 18.06% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▆▇▇██ | Net Interest Margin (%) | 5.49% | 5.64% | 5.74% | 5.87% | 5.93% | 5.95% | 5.95% | 6.01% |
| ▁▁▁▃▅▅▆█ | Return on Assets (%) | 1.93% | 2.00% | 1.99% | 2.14% | 2.24% | 2.28% | 2.35% | 2.51% |
| ██▇▇▆▅▄▁ | Efficiency Ratio (%) | 51.7% | 51.1% | 50.4% | 50.4% | 49.3% | 48.5% | 47.5% | 43.9% |
| ▁▃▃▇██▆▆ | Cost of Funds (%) | 0.44% | 0.51% | 0.53% | 0.62% | 0.68% | 0.68% | 0.60% | 0.60% |
| ▅▅▇██▂▂▁ | NPA / Assets (%) | 1.17% | 1.13% | 1.68% | 1.91% | 2.08% | 0.56% | 0.41% | 0.13% |
| ▅▅▆██▂▂▁ | Net Charge-Off Ratio (%) | 1.67% | 1.52% | 2.05% | 2.40% | 2.72% | 0.74% | 0.55% | 0.16% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $32 | $33 | $34 | $36 | $37 | $39 | $40 | $42 |
| ▁▂▄▅▅▅▆█ | Gross Loans ($M) | $164 | $175 | $191 | $199 | $195 | $198 | $204 | $220 |
| ▁▁▁▄▄▆█▆ | Total Deposits ($M) | $200 | $200 | $198 | $213 | $216 | $223 | $236 | $226 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 49% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 5% |