Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.49% | +0.19 | 0.31% |
| Return on Equity (%) | ▲ | 6.09% | +1.90 | 4.19% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.10 | 3.63% |
| Efficiency Ratio (%) | ▲ | 81.52% | -1.40 | 82.92% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▼ | 1.08% | +0.12 | 0.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $420 | +22.08 | $398 |
| Gross Loans ($M) | ▲ | $280 | +22.75 | $258 |
| Loan Growth YoY (%) | ▲ | 78.87% | +3.78 | 75.09% |
| Total Deposits ($M) | ▲ | $351 | +12.31 | $338 |
| Shareholders Equity ($M) | ▲ | $34 | +4.19 | $30 |
| Tang. Book Value ($M) | ▲ | $34 | +4.19 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +4.26 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 78.87% | +3.78 | 75.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.01 | 0.24% |
| Allowance / Loans (%) | — | 1.31% | -0.02% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.35% | -0.03 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.60% | +0.25 | 13.36% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▇██▆ | Net Interest Margin (%) | 3.48% | 3.51% | 3.60% | 3.63% | 3.76% | 3.80% | 3.83% | 3.72% |
| ▃▅▆▁▅▇█▄ | Return on Assets (%) | 0.43% | 0.51% | 0.59% | 0.31% | 0.53% | 0.62% | 0.68% | 0.49% |
| ▇▅▄█▅▂▁▇ | Efficiency Ratio (%) | 81.6% | 79.9% | 78.2% | 82.9% | 79.1% | 77.0% | 75.3% | 81.5% |
| ▃█▁▁▃▅▇▅ | Cost of Funds (%) | 1.03% | 1.19% | 0.98% | 0.96% | 1.04% | 1.09% | 1.15% | 1.08% |
| ▃▁▄▁▁█▃▁ | NPA / Assets (%) | 0.26% | 0.24% | 0.28% | 0.24% | 0.23% | 0.33% | 0.26% | 0.23% |
| ▄▂▄▂▁█▂▁ | Net Charge-Off Ratio (%) | 0.41% | 0.37% | 0.42% | 0.38% | 0.34% | 0.49% | 0.37% | 0.35% |
| ▁▄▃▄▆▇██ | Tang. Book Value ($M) | $26 | $29 | $28 | $30 | $31 | $32 | $33 | $34 |
| ▁▁▃▃▅▆██ | Gross Loans ($M) | $243 | $247 | $258 | $258 | $266 | $272 | $285 | $280 |
| ▂▁▂▃▁▃▂█ | Total Deposits ($M) | $336 | $335 | $337 | $338 | $334 | $340 | $338 | $351 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 21% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 2% |