Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.73% | +0.09 | 0.64% |
| Return on Equity (%) | ▼ | 16.54% | -10.70 | 27.24% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.40 | 3.60% |
| Efficiency Ratio (%) | ▲ | 78.31% | -0.99 | 79.30% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▲ | 0.44% | -0.24 | 0.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $464 | -3.30 | $467 |
| Gross Loans ($M) | ▲ | $259 | +17.44 | $241 |
| Loan Growth YoY (%) | ▲ | 58.59% | +5.57 | 53.03% |
| Total Deposits ($M) | ▼ | $435 | -13.04 | $448 |
| Shareholders Equity ($M) | ▲ | $21 | +7.69 | $13 |
| Tang. Book Value ($M) | ▲ | $19 | +7.69 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +6.85 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 58.59% | +5.57 | 53.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.85% | +0.83 | 0.02% |
| Allowance / Loans (%) | — | 1.37% | -0.04% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 1.53% | +1.48 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.36% | +0.34 | 14.02% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▆█ | Net Interest Margin (%) | 3.10% | 3.13% | 3.25% | 3.60% | 3.63% | 3.68% | 3.77% | 4.00% |
| ▁▂▃▃▄▇█▆ | Return on Assets (%) | 0.57% | 0.62% | 0.66% | 0.64% | 0.67% | 0.78% | 0.82% | 0.73% |
| █▆▅█▆▂▁▆ | Efficiency Ratio (%) | 79.7% | 78.1% | 77.5% | 79.3% | 78.2% | 75.3% | 74.6% | 78.3% |
| █▇▇▅▅▂▁▁ | Cost of Funds (%) | 0.89% | 0.83% | 0.79% | 0.68% | 0.68% | 0.50% | 0.47% | 0.44% |
| ▂▁▁▁▁███ | NPA / Assets (%) | 0.20% | 0.07% | 0.07% | 0.02% | 0.02% | 0.83% | 0.84% | 0.85% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.16% | 0.16% | 0.13% | 0.05% | 0.04% | 1.60% | 1.53% | 1.53% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $6 | $12 | $8 | $12 | $14 | $17 | $19 | $19 |
| ▁▂▁▁▃▇██ | Gross Loans ($M) | $239 | $241 | $240 | $241 | $246 | $256 | $259 | $259 |
| ▁▇▂▆▅█▂▄ | Total Deposits ($M) | $412 | $461 | $426 | $448 | $441 | $468 | $422 | $435 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 5% |