Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.06% | +2.16 | 0.90% |
| Return on Equity (%) | ▲ | 11.97% | +8.19 | 3.78% |
| Net Interest Margin (%) | ▲ | 1.91% | +0.22 | 1.69% |
| Efficiency Ratio (%) | ▲ | 36.82% | -3.92 | 40.74% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.77 | $4 |
| Cost of Funds (%) | ▼ | 1.89% | +0.00 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,448 | +28.96 | $1,419 |
| Gross Loans ($M) | ▲ | $146 | +21.02 | $125 |
| Loan Growth YoY (%) | ▲ | 13.89% | +2.13 | 11.75% |
| Total Deposits ($M) | ▼ | $1,042 | -14.13 | $1,056 |
| Shareholders Equity ($M) | ▲ | $370 | +35.50 | $335 |
| Tang. Book Value ($M) | ▲ | $370 | +35.50 | $335 |
| TBV excl. AOCI ($M)** | ▲ | $432 | +37.37 | $394 |
| Loan / Deposit Ratio (%) | ▲ | 13.89% | +2.13 | 11.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.02 | 0.10% |
| Allowance / Loans (%) | — | 1.11% | 0.19% | 0.91% |
| Net Charge-Off Ratio (%) | ▲ | 0.81% | -0.30 | 1.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▆█ | Net Interest Margin (%) | 1.61% | 1.64% | 1.64% | 1.69% | 1.79% | 1.81% | 1.83% | 1.91% |
| ▄▆▃▁▃▅▆█ | Return on Assets (%) | 1.97% | 2.34% | 1.50% | 0.90% | 1.59% | 2.18% | 2.31% | 3.06% |
| █▇▇▄▂▁▁▁ | Efficiency Ratio (%) | 44.8% | 43.6% | 42.9% | 40.7% | 37.9% | 37.6% | 36.7% | 36.8% |
| ▁▃▇▇█▇█▇ | Cost of Funds (%) | 1.74% | 1.80% | 1.90% | 1.89% | 1.94% | 1.91% | 1.93% | 1.89% |
| ▁▃▄▄▅█▂▃ | NPA / Assets (%) | 0.05% | 0.09% | 0.10% | 0.10% | 0.12% | 0.18% | 0.07% | 0.08% |
| ▁▃▄▄▅█▁▂ | Net Charge-Off Ratio (%) | 0.52% | 0.96% | 1.14% | 1.11% | 1.30% | 1.87% | 0.67% | 0.81% |
| ▁▂▁▂▃▅▆█ | Tang. Book Value ($M) | $327 | $337 | $331 | $335 | $340 | $352 | $359 | $370 |
| ▁▂▃▃▄▆██ | Gross Loans ($M) | $113 | $121 | $124 | $125 | $128 | $134 | $142 | $146 |
| ▁▃▆█▇█▅▇ | Total Deposits ($M) | $957 | $985 | $1,027 | $1,056 | $1,042 | $1,048 | $1,010 | $1,042 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 27% |
| C&I / Commercial | 67% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 13% |