Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.31 | 0.57% |
| Return on Equity (%) | ▲ | 9.98% | +3.09 | 6.89% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.27 | 3.36% |
| Efficiency Ratio (%) | ▲ | 70.23% | -8.88 | 79.12% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.51 | $4 |
| Cost of Funds (%) | ▲ | 1.38% | -0.02 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,099 | +199.23 | $1,900 |
| Gross Loans ($M) | ▲ | $1,727 | +196.82 | $1,530 |
| Loan Growth YoY (%) | ▲ | 102.35% | +8.37 | 93.97% |
| Total Deposits ($M) | ▲ | $1,669 | +58.74 | $1,610 |
| Shareholders Equity ($M) | ▲ | $184 | +23.26 | $160 |
| Tang. Book Value ($M) | ▲ | $179 | +23.38 | $156 |
| TBV excl. AOCI ($M)** | ▲ | $190 | +23.15 | $167 |
| Loan / Deposit Ratio (%) | ▲ | 102.35% | +8.37 | 93.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.07 | 0.05% |
| Allowance / Loans (%) | — | 1.09% | -0.01% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.09 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▇██ | Net Interest Margin (%) | 2.97% | 3.09% | 3.20% | 3.36% | 3.41% | 3.52% | 3.58% | 3.63% |
| ▁▂▃▄▄▆▇█ | Return on Assets (%) | 0.37% | 0.46% | 0.52% | 0.57% | 0.62% | 0.70% | 0.75% | 0.88% |
| █▇▆▅▄▃▂▁ | Efficiency Ratio (%) | 86.9% | 83.7% | 82.1% | 79.1% | 77.9% | 75.0% | 73.7% | 70.2% |
| █▇▁▄▆▃▃▃ | Cost of Funds (%) | 1.52% | 1.48% | 1.31% | 1.39% | 1.45% | 1.37% | 1.37% | 1.38% |
| ▂▁▁▃████ | NPA / Assets (%) | 0.04% | 0.03% | 0.03% | 0.05% | 0.13% | 0.12% | 0.12% | 0.13% |
| ▂▁▁▃████ | Net Charge-Off Ratio (%) | 0.05% | 0.03% | 0.03% | 0.07% | 0.16% | 0.15% | 0.14% | 0.15% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $143 | $154 | $148 | $156 | $160 | $168 | $175 | $179 |
| ▁▁▂▂▃▅▆█ | Gross Loans ($M) | $1,471 | $1,477 | $1,503 | $1,530 | $1,559 | $1,602 | $1,650 | $1,727 |
| ▁▄▂▁▄█▂▆ | Total Deposits ($M) | $1,607 | $1,650 | $1,626 | $1,610 | $1,642 | $1,693 | $1,628 | $1,669 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 42% |
| Interest-Bearing (core) | 58% |