Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.11 | 0.72% |
| Return on Equity (%) | ▲ | 7.90% | +1.16 | 6.74% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.23 | 3.44% |
| Efficiency Ratio (%) | ▲ | 71.40% | -2.96 | 74.36% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.55 | $2 |
| Cost of Funds (%) | ▲ | 2.03% | -0.27 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $957 | +67.71 | $889 |
| Gross Loans ($M) | ▲ | $865 | +65.74 | $799 |
| Loan Growth YoY (%) | ▼ | 102.39% | -0.01 | 102.39% |
| Total Deposits ($M) | ▲ | $837 | +64.55 | $773 |
| Shareholders Equity ($M) | ▲ | $104 | +6.67 | $97 |
| Tang. Book Value ($M) | ▲ | $103 | +6.51 | $96 |
| Loan / Deposit Ratio (%) | ▼ | 102.39% | -0.01 | 102.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.03% |
| Allowance / Loans (%) | — | 0.89% | -0.11% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.03 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.26% | -0.26 | 12.52% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▇███ | Net Interest Margin (%) | 3.18% | 3.24% | 3.34% | 3.44% | 3.55% | 3.62% | 3.62% | 3.67% |
| ▁▂▄▅▇▇██ | Return on Assets (%) | 0.57% | 0.60% | 0.67% | 0.72% | 0.80% | 0.79% | 0.82% | 0.83% |
| █▇▅▃▂▂▁▁ | Efficiency Ratio (%) | 79.5% | 78.3% | 75.8% | 74.4% | 72.5% | 73.0% | 72.1% | 71.4% |
| ▇█▃▄▄▅▂▁ | Cost of Funds (%) | 2.57% | 2.70% | 2.25% | 2.29% | 2.32% | 2.41% | 2.13% | 2.03% |
| ▁▁▁█▁▃▃▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.01% | 0.01% | 0.00% |
| ▁▁▁█▁▃▃▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.01% | 0.01% | 0.00% |
| ▁▂▂▃▅▇▇█ | Tang. Book Value ($M) | $92 | $95 | $94 | $96 | $98 | $100 | $100 | $103 |
| ▂▁▄▃▅▄▇█ | Gross Loans ($M) | $782 | $766 | $806 | $799 | $819 | $812 | $848 | $865 |
| ▁▁▄▃▂▄█▇ | Total Deposits ($M) | $729 | $737 | $796 | $773 | $763 | $788 | $870 | $837 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 19% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 8% |