Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.25 | 1.06% |
| Return on Equity (%) | ▲ | 16.21% | +2.76 | 13.45% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.35 | 3.48% |
| Efficiency Ratio (%) | ▲ | 53.72% | -5.90 | 59.63% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.33 | $2 |
| Cost of Funds (%) | ▲ | 2.23% | -0.24 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $811 | +135.72 | $675 |
| Gross Loans ($M) | ▲ | $705 | +100.25 | $605 |
| Loan Growth YoY (%) | ▼ | 96.86% | -7.56 | 104.42% |
| Total Deposits ($M) | ▲ | $723 | +147.65 | $575 |
| Shareholders Equity ($M) | ▲ | $67 | +13.36 | $53 |
| Tang. Book Value ($M) | ▲ | $67 | +13.30 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +14.05 | $54 |
| Loan / Deposit Ratio (%) | ▼ | 96.86% | -7.56 | 104.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.37% | +0.33 | 0.04% |
| Allowance / Loans (%) | — | 0.76% | -0.01% | 0.77% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.39 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.78% | +0.47 | 10.31% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▇█ | Net Interest Margin (%) | 3.28% | 3.32% | 3.35% | 3.48% | 3.57% | 3.67% | 3.69% | 3.83% |
| ▁▂▁▄▅▆▆█ | Return on Assets (%) | 0.89% | 0.95% | 0.87% | 1.06% | 1.10% | 1.17% | 1.18% | 1.31% |
| ██▇▅▅▄▃▁ | Efficiency Ratio (%) | 63.4% | 62.5% | 61.1% | 59.6% | 59.2% | 57.7% | 57.0% | 53.7% |
| ▆█▇▅▅▄▂▁ | Cost of Funds (%) | 2.52% | 2.65% | 2.56% | 2.47% | 2.46% | 2.43% | 2.31% | 2.23% |
| ▁▁▅▁▁▁▂█ | NPA / Assets (%) | 0.00% | 0.00% | 0.19% | 0.04% | 0.03% | 0.00% | 0.09% | 0.37% |
| ▁▁▄▁▁▁▃█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.21% | 0.04% | 0.03% | 0.00% | 0.11% | 0.43% |
| ▁▁▂▃▃▅▇█ | Tang. Book Value ($M) | $49 | $51 | $52 | $53 | $55 | $58 | $64 | $67 |
| ▁▁▂▂▄▅▇█ | Gross Loans ($M) | $574 | $583 | $598 | $605 | $625 | $655 | $678 | $705 |
| ▁▁▁▂▃▄██ | Total Deposits ($M) | $537 | $548 | $553 | $575 | $601 | $632 | $730 | $723 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 24% |