Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.89% | -0.01 | 0.90% |
| Return on Equity (%) | ▼ | 9.53% | -1.86 | 11.39% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.15 | 3.71% |
| Efficiency Ratio (%) | ▲ | 71.36% | -1.74 | 73.10% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.54 | $2 |
| Cost of Funds (%) | ▼ | 1.67% | +0.05 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $769 | +154.38 | $615 |
| Gross Loans ($M) | ▲ | $515 | +90.51 | $425 |
| Loan Growth YoY (%) | ▼ | 73.86% | -1.06 | 74.92% |
| Total Deposits ($M) | ▲ | $689 | +128.04 | $561 |
| Shareholders Equity ($M) | ▲ | $72 | +23.37 | $49 |
| Tang. Book Value ($M) | ▲ | $64 | +15.57 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +17.78 | $55 |
| Loan / Deposit Ratio (%) | ▼ | 73.86% | -1.06 | 74.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.52% | +0.03 | 0.50% |
| Allowance / Loans (%) | — | 1.27% | 0.17% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -0.44 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▃▃▄▄█ | Net Interest Margin (%) | 3.64% | 3.68% | 3.73% | 3.71% | 3.71% | 3.74% | 3.73% | 3.85% |
| ████▁▃▁█ | Return on Assets (%) | 0.90% | 0.88% | 0.88% | 0.90% | 0.66% | 0.73% | 0.65% | 0.89% |
| ▁▃▃▇▆▆█▅ | Efficiency Ratio (%) | 66.7% | 69.2% | 69.7% | 73.1% | 72.3% | 72.6% | 75.0% | 71.4% |
| ▁▃▂▄▅█▃▅ | Cost of Funds (%) | 1.49% | 1.58% | 1.56% | 1.62% | 1.67% | 1.81% | 1.58% | 1.67% |
| █▄▂▁▁▄▂▂ | NPA / Assets (%) | 0.69% | 0.59% | 0.54% | 0.50% | 0.50% | 0.58% | 0.54% | 0.52% |
| █▇▆▅▆▇▆▁ | Net Charge-Off Ratio (%) | 1.01% | 0.86% | 0.76% | 0.72% | 0.74% | 0.84% | 0.81% | 0.28% |
| ▁▂▁▂▂▃██ | Tang. Book Value ($M) | $45 | $48 | $46 | $49 | $50 | $52 | $63 | $64 |
| ▁▁▂▃▄▄██ | Gross Loans ($M) | $383 | $386 | $409 | $425 | $436 | $441 | $503 | $515 |
| ▁▁▂▃▄▄██ | Total Deposits ($M) | $508 | $515 | $531 | $561 | $590 | $580 | $683 | $689 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 15% |
| Consumer | 8% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |