Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.99 | 0.33% |
| Return on Equity (%) | ▲ | 19.22% | +15.96 | 3.26% |
| Net Interest Margin (%) | ▼ | 3.26% | -0.12 | 3.38% |
| Efficiency Ratio (%) | ▲ | 55.14% | -20.62 | 75.76% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.92 | $1 |
| Cost of Funds (%) | ▲ | 2.44% | -0.04 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,233 | +514.97 | $718 |
| Gross Loans ($M) | ▲ | $483 | +180.25 | $302 |
| Loan Growth YoY (%) | ▼ | 45.80% | -0.28 | 46.08% |
| Total Deposits ($M) | ▲ | $1,043 | +393.53 | $650 |
| Shareholders Equity ($M) | ▲ | $81 | +15.04 | $66 |
| Tang. Book Value ($M) | ▲ | $76 | +15.14 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +34.55 | $74 |
| Loan / Deposit Ratio (%) | ▼ | 45.80% | -0.28 | 46.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.00% | 0.00% | 1.00% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.99% | -2.64 | 15.63% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▂▁▁▁▁ | Net Interest Margin (%) | 4.26% | 4.16% | 3.95% | 3.38% | 3.34% | 3.21% | 3.32% | 3.26% |
| ▁▇▅▂▃▄▅█ | Return on Assets (%) | 0.05% | 1.09% | 0.72% | 0.33% | 0.51% | 0.60% | 0.70% | 1.32% |
| █▄▅▅▄▄▄▁ | Efficiency Ratio (%) | 90.6% | 69.5% | 73.4% | 75.8% | 71.4% | 69.7% | 68.9% | 55.1% |
| ▁█▆▁▆▄█▁ | Cost of Funds (%) | 2.46% | 2.91% | 2.78% | 2.48% | 2.80% | 2.62% | 2.92% | 2.44% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▁▂▂▂▄█ | Tang. Book Value ($M) | $58 | $62 | $59 | $61 | $61 | $62 | $65 | $76 |
| ▁▁▃▄▆▇██ | Gross Loans ($M) | $131 | $159 | $234 | $302 | $353 | $400 | $464 | $483 |
| ▁▂▃▄▅▇▇█ | Total Deposits ($M) | $289 | $389 | $493 | $650 | $701 | $912 | $883 | $1,043 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 36% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 10% |