Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.19 | 0.85% |
| Return on Equity (%) | ▲ | 9.12% | +1.83 | 7.29% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.00 | 3.08% |
| Efficiency Ratio (%) | ▲ | 59.61% | -9.61 | 69.22% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.66 | $2 |
| Cost of Funds (%) | ▲ | 2.52% | -0.31 | 2.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,306 | +318.17 | $988 |
| Gross Loans ($M) | ▲ | $864 | +48.23 | $816 |
| Loan Growth YoY (%) | ▼ | 80.53% | -12.41 | 92.94% |
| Total Deposits ($M) | ▲ | $1,062 | +192.92 | $869 |
| Shareholders Equity ($M) | ▲ | $146 | +29.94 | $116 |
| Tang. Book Value ($M) | ▲ | $144 | +29.94 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $158 | +40.55 | $118 |
| Loan / Deposit Ratio (%) | ▼ | 80.53% | -12.41 | 92.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.24% | -0.48 | 1.72% |
| Allowance / Loans (%) | — | 1.11% | 0.02% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.30% | +2.11 | 14.19% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇█▇▅ | Net Interest Margin (%) | 2.83% | 2.83% | 2.89% | 3.08% | 3.21% | 3.28% | 3.19% | 3.08% |
| ▁▁▁▄▅▆▆█ | Return on Assets (%) | 0.73% | 0.72% | 0.75% | 0.85% | 0.91% | 0.93% | 0.94% | 1.05% |
| ▇███▄▃▃▁ | Efficiency Ratio (%) | 67.8% | 68.7% | 68.1% | 69.2% | 64.4% | 63.2% | 62.4% | 59.6% |
| ██▆▄▃▃▁▂ | Cost of Funds (%) | 3.29% | 3.31% | 3.03% | 2.83% | 2.71% | 2.71% | 2.39% | 2.52% |
| ██▇▇▅▅▂▁ | NPA / Assets (%) | 1.86% | 1.80% | 1.75% | 1.72% | 1.61% | 1.57% | 1.32% | 1.24% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 2.12% | 2.11% | 0.03% | 0.01% | 0.01% | 0.00% | 0.02% | 0.00% |
| ▁▁▁▂▂▃██ | Tang. Book Value ($M) | $109 | $112 | $111 | $114 | $116 | $119 | $145 | $144 |
| ▃▂▁▂▇███ | Gross Loans ($M) | $818 | $811 | $801 | $816 | $854 | $863 | $864 | $864 |
| ▁▂▂▃▄▄▇█ | Total Deposits ($M) | $798 | $832 | $842 | $869 | $905 | $922 | $1,003 | $1,062 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 27% |