Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.07 | 1.06% |
| Return on Equity (%) | ▲ | 11.17% | +1.22 | 9.95% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.43 | 4.00% |
| Efficiency Ratio (%) | ▲ | 63.88% | -1.64 | 65.51% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.33 | $2 |
| Cost of Funds (%) | ▲ | 0.83% | -0.09 | 0.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $543 | +20.74 | $523 |
| Gross Loans ($M) | ▲ | $383 | +0.39 | $383 |
| Loan Growth YoY (%) | ▼ | 77.92% | -3.74 | 81.66% |
| Total Deposits ($M) | ▲ | $484 | +22.80 | $461 |
| Shareholders Equity ($M) | ▼ | $55 | -2.45 | $57 |
| Tang. Book Value ($M) | ▼ | $53 | -2.24 | $55 |
| TBV excl. AOCI ($M)** | ▼ | $57 | -2.18 | $59 |
| Loan / Deposit Ratio (%) | ▼ | 77.92% | -3.74 | 81.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -0.06 | 0.26% |
| Allowance / Loans (%) | — | 1.61% | -0.03% | 1.65% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.19 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.64% | -1.16 | 15.80% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▁▂▃█ | Net Interest Margin (%) | 3.92% | 3.94% | 3.95% | 4.00% | 3.97% | 4.04% | 4.09% | 4.44% |
| ██▇▂▁▄▅▅ | Return on Assets (%) | 1.20% | 1.21% | 1.19% | 1.06% | 1.04% | 1.11% | 1.13% | 1.14% |
| ▁▁▂██▆▆▆ | Efficiency Ratio (%) | 59.8% | 58.8% | 60.1% | 65.5% | 66.4% | 63.9% | 64.3% | 63.9% |
| ▇█▆▇▅█▄▁ | Cost of Funds (%) | 0.92% | 0.94% | 0.90% | 0.92% | 0.90% | 0.93% | 0.88% | 0.83% |
| ▁▂█▇▇█▆▄ | NPA / Assets (%) | 0.09% | 0.14% | 0.30% | 0.26% | 0.27% | 0.28% | 0.23% | 0.19% |
| ▁▂█▇██▆▁ | Net Charge-Off Ratio (%) | 0.13% | 0.20% | 0.42% | 0.35% | 0.40% | 0.40% | 0.32% | 0.15% |
| ▅█▂▄▄▁▂▂ | Tang. Book Value ($M) | $57 | $60 | $54 | $55 | $56 | $52 | $53 | $53 |
| ▃▁▃▃▂█▁▄ | Gross Loans ($M) | $383 | $381 | $383 | $383 | $382 | $387 | $382 | $383 |
| ▁▃▃▁█▇▃▇ | Total Deposits ($M) | $461 | $471 | $472 | $461 | $491 | $486 | $472 | $484 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 10% |