Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.68% | +0.43 | 1.25% |
| Return on Equity (%) | ▲ | 18.26% | +3.56 | 14.70% |
| Net Interest Margin (%) | ▲ | 4.32% | +0.58 | 3.74% |
| Efficiency Ratio (%) | ▲ | 46.35% | -7.91 | 54.25% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.37 | $3 |
| Cost of Funds (%) | ▲ | 1.91% | -0.35 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $781 | +36.49 | $744 |
| Gross Loans ($M) | ▲ | $688 | +56.03 | $632 |
| Loan Growth YoY (%) | ▲ | 97.97% | +5.16 | 92.81% |
| Total Deposits ($M) | ▲ | $695 | +20.60 | $674 |
| Shareholders Equity ($M) | ▲ | $72 | +9.21 | $63 |
| Tang. Book Value ($M) | ▲ | $72 | +9.21 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 97.97% | +5.16 | 92.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.02 | 0.03% |
| Allowance / Loans (%) | — | 1.06% | 0.08% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.02 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.75% | +0.27 | 11.48% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▃▅█ | Net Interest Margin (%) | 3.70% | 3.74% | 3.76% | 3.74% | 3.83% | 3.91% | 4.02% | 4.32% |
| ▃▄▃▁▃▄▃█ | Return on Assets (%) | 1.36% | 1.42% | 1.37% | 1.25% | 1.36% | 1.43% | 1.37% | 1.68% |
| ▇▆██▇▆█▁ | Efficiency Ratio (%) | 53.0% | 51.6% | 54.7% | 54.3% | 53.2% | 51.9% | 53.9% | 46.3% |
| ▅██▇▇▆▅▁ | Cost of Funds (%) | 2.18% | 2.37% | 2.33% | 2.26% | 2.26% | 2.22% | 2.18% | 1.91% |
| ▁▄▄▅▅▄▇█ | NPA / Assets (%) | 0.00% | 0.02% | 0.02% | 0.03% | 0.03% | 0.02% | 0.04% | 0.04% |
| ▁▄▄▅▅▄▇█ | Net Charge-Off Ratio (%) | 0.00% | 0.02% | 0.02% | 0.03% | 0.03% | 0.02% | 0.04% | 0.05% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $57 | $59 | $61 | $63 | $65 | $68 | $70 | $72 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $602 | $608 | $614 | $632 | $644 | $658 | $670 | $688 |
| ▁▁▃▆▇█▇█ | Total Deposits ($M) | $610 | $619 | $643 | $674 | $685 | $698 | $682 | $695 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |