Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.92% | -0.05 | 1.97% |
| Return on Equity (%) | ▼ | 57.25% | -17.61 | 74.86% |
| Net Interest Margin (%) | ▼ | 3.46% | -0.13 | 3.60% |
| Efficiency Ratio (%) | ▼ | 47.59% | +0.24 | 47.35% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.23 | $5 |
| Cost of Funds (%) | ▼ | 1.44% | +0.01 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,022 | +61.30 | $961 |
| Gross Loans ($M) | ▲ | $524 | +36.62 | $488 |
| Loan Growth YoY (%) | ▲ | 52.95% | +0.92 | 52.02% |
| Total Deposits ($M) | ▲ | $983 | +52.65 | $930 |
| Shareholders Equity ($M) | ▲ | $37 | +8.46 | $29 |
| Tang. Book Value ($M) | ▲ | $37 | +8.46 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +9.38 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 52.95% | +0.92 | 52.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.11 | 0.17% |
| Allowance / Loans (%) | — | 0.74% | -0.02% | 0.77% |
| Net Charge-Off Ratio (%) | ▼ | 0.52% | +0.18 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.82% | -0.07 | 14.89% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▇▇██▁ | Net Interest Margin (%) | 3.63% | 3.62% | 3.61% | 3.60% | 3.61% | 3.63% | 3.64% | 3.46% |
| █▇▅▃▄▅▆▁ | Return on Assets (%) | 2.08% | 2.05% | 2.02% | 1.97% | 2.00% | 2.01% | 2.02% | 1.92% |
| ▁▃▅█▆▇▆█ | Efficiency Ratio (%) | 45.1% | 45.8% | 46.4% | 47.4% | 46.9% | 47.1% | 46.7% | 47.6% |
| ▆█▆▃▄▇▁▄ | Cost of Funds (%) | 1.48% | 1.56% | 1.50% | 1.42% | 1.44% | 1.51% | 1.35% | 1.44% |
| ▁█▁▁▁▂▃▄ | NPA / Assets (%) | 0.19% | 0.45% | 0.19% | 0.17% | 0.21% | 0.23% | 0.27% | 0.29% |
| ▁█▁▁▂▂▃▃ | Net Charge-Off Ratio (%) | 0.39% | 0.88% | 0.39% | 0.34% | 0.41% | 0.42% | 0.53% | 0.52% |
| ▂▆▁▄▅█▆█ | Tang. Book Value ($M) | $24 | $33 | $22 | $29 | $30 | $36 | $33 | $37 |
| ▁▂▃▅▆▇██ | Gross Loans ($M) | $437 | $458 | $469 | $488 | $500 | $505 | $519 | $524 |
| ▁▁▄▃▅▄█▆ | Total Deposits ($M) | $884 | $869 | $933 | $930 | $960 | $933 | $1,036 | $983 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 10% |