Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.71% | +0.13 | 1.58% |
| Return on Equity (%) | ▲ | 13.47% | +0.28 | 13.19% |
| Net Interest Margin (%) | ▲ | 4.65% | +0.18 | 4.47% |
| Efficiency Ratio (%) | ▲ | 53.99% | -5.06 | 59.05% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.87 | $4 |
| Cost of Funds (%) | ▲ | 0.97% | -0.01 | 0.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $822 | +49.92 | $772 |
| Gross Loans ($M) | ▲ | $619 | +55.31 | $563 |
| Loan Growth YoY (%) | ▲ | 86.38% | +3.13 | 83.24% |
| Total Deposits ($M) | ▲ | $707 | +39.93 | $667 |
| Shareholders Equity ($M) | ▲ | $105 | +11.94 | $93 |
| Tang. Book Value ($M) | ▲ | $105 | +11.97 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +11.64 | $97 |
| Loan / Deposit Ratio (%) | ▲ | 86.38% | +3.13 | 83.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.03 | 0.14% |
| Allowance / Loans (%) | — | 1.33% | -0.14% | 1.47% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.11 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.11% | -0.67 | 16.78% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▃▄▅▄ | Net Interest Margin (%) | 4.83% | 4.83% | 4.81% | 4.47% | 4.60% | 4.64% | 4.69% | 4.65% |
| ██▅▁▂▂▅█ | Return on Assets (%) | 1.72% | 1.71% | 1.67% | 1.58% | 1.61% | 1.61% | 1.67% | 1.71% |
| ▁▁▁█▅▄▂▂ | Efficiency Ratio (%) | 53.0% | 53.2% | 53.4% | 59.0% | 56.4% | 55.6% | 54.4% | 54.0% |
| ▁▆█▇▆▇▇▆ | Cost of Funds (%) | 0.77% | 0.95% | 1.04% | 0.98% | 0.96% | 0.98% | 0.98% | 0.97% |
| ▆▄▃▃▁█▇▁ | NPA / Assets (%) | 0.17% | 0.15% | 0.13% | 0.14% | 0.10% | 0.21% | 0.18% | 0.11% |
| ▅█▆▇▄█▆▁ | Net Charge-Off Ratio (%) | 0.16% | 0.20% | 0.17% | 0.19% | 0.13% | 0.21% | 0.17% | 0.08% |
| ▁▃▃▄▅▇▇█ | Tang. Book Value ($M) | $84 | $90 | $89 | $93 | $96 | $100 | $102 | $105 |
| ▃▂▂▁▁▃█▇ | Gross Loans ($M) | $582 | $578 | $578 | $563 | $562 | $585 | $627 | $619 |
| ▁▁▂▃▄▅██ | Total Deposits ($M) | $645 | $650 | $653 | $667 | $668 | $680 | $700 | $707 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 6% |