Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.09% | +0.64 | 1.45% |
| Return on Equity (%) | ▲ | 23.80% | +6.38 | 17.42% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.12 | 3.53% |
| Efficiency Ratio (%) | ▲ | 42.74% | -7.99 | 50.73% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.47 | $3 |
| Cost of Funds (%) | ▲ | 2.83% | -0.04 | 2.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $922 | +158.01 | $764 |
| Gross Loans ($M) | ▲ | $812 | +137.03 | $675 |
| Loan Growth YoY (%) | ▼ | 97.77% | -4.14 | 101.91% |
| Total Deposits ($M) | ▲ | $820 | +166.71 | $653 |
| Shareholders Equity ($M) | ▲ | $85 | +22.83 | $63 |
| Tang. Book Value ($M) | ▲ | $82 | +23.43 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +24.52 | $62 |
| Loan / Deposit Ratio (%) | ▼ | 97.77% | -4.14 | 101.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.01 | 0.03% |
| Allowance / Loans (%) | — | 1.27% | -0.10% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.01 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇██▇ | Net Interest Margin (%) | 2.96% | 3.04% | 3.14% | 3.53% | 3.65% | 3.74% | 3.78% | 3.65% |
| ▁▁▁▄▆▇▇█ | Return on Assets (%) | 1.02% | 0.91% | 1.01% | 1.45% | 1.68% | 1.84% | 1.93% | 2.09% |
| ███▃▃▂▂▁ | Efficiency Ratio (%) | 66.8% | 68.6% | 65.5% | 50.7% | 49.4% | 47.3% | 46.1% | 42.7% |
| ██▆▂▄▄▁▂ | Cost of Funds (%) | 3.26% | 3.27% | 3.12% | 2.87% | 2.96% | 2.95% | 2.74% | 2.83% |
| ▇█▆▃▁▃▁▄ | NPA / Assets (%) | 0.06% | 0.07% | 0.06% | 0.03% | 0.02% | 0.04% | 0.02% | 0.04% |
| ▇█▆▃▁▃▁▄ | Net Charge-Off Ratio (%) | 0.07% | 0.08% | 0.06% | 0.03% | 0.02% | 0.04% | 0.02% | 0.05% |
| ▁▁▁▂▄▅▅█ | Tang. Book Value ($M) | $55 | $56 | $56 | $58 | $65 | $68 | $71 | $82 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $547 | $591 | $619 | $675 | $698 | $745 | $795 | $812 |
| ▁▂▃▄▄▅▆█ | Total Deposits ($M) | $536 | $586 | $636 | $653 | $669 | $706 | $735 | $820 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 23% |