Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.51 | 1.09% |
| Return on Equity (%) | ▲ | 9.25% | +2.58 | 6.67% |
| Net Interest Margin (%) | ▲ | 2.75% | +0.34 | 2.41% |
| Efficiency Ratio (%) | ▲ | 40.12% | -12.71 | 52.82% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.22 | $2 |
| Cost of Funds (%) | ▲ | 2.05% | -0.13 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $828 | +55.49 | $773 |
| Gross Loans ($M) | ▲ | $489 | +49.75 | $439 |
| Loan Growth YoY (%) | ▲ | 78.00% | +4.14 | 73.86% |
| Total Deposits ($M) | ▲ | $623 | +31.12 | $591 |
| Shareholders Equity ($M) | ▲ | $144 | +15.03 | $129 |
| Tang. Book Value ($M) | ▲ | $144 | +15.03 | $129 |
| TBV excl. AOCI ($M)** | ▲ | $158 | +15.20 | $143 |
| Loan / Deposit Ratio (%) | ▲ | 78.00% | +4.14 | 73.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.45% | -0.44 | 0.89% |
| Allowance / Loans (%) | — | 0.62% | 0.16% | 0.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.76% | -0.16 | 0.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 36.46% | -1.08 | 37.54% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▅▅▆█ | Net Interest Margin (%) | 2.30% | 2.30% | 2.37% | 2.41% | 2.53% | 2.58% | 2.61% | 2.75% |
| ▁▁▂▁▄▅▃█ | Return on Assets (%) | 1.04% | 1.08% | 1.12% | 1.09% | 1.30% | 1.34% | 1.24% | 1.60% |
| █▇▇█▅▄▅▁ | Efficiency Ratio (%) | 52.8% | 50.5% | 50.2% | 52.8% | 47.6% | 46.1% | 46.8% | 40.1% |
| ▁█▃▅▇▆▂▁ | Cost of Funds (%) | 2.07% | 2.27% | 2.13% | 2.18% | 2.23% | 2.21% | 2.08% | 2.05% |
| ▁▁▁▄█▅▂▁ | NPA / Assets (%) | 0.54% | 0.55% | 0.54% | 0.89% | 1.40% | 1.01% | 0.62% | 0.45% |
| ▂▂▂▂██▃▁ | Net Charge-Off Ratio (%) | 0.96% | 0.99% | 0.95% | 0.92% | 1.70% | 1.64% | 1.06% | 0.76% |
| ▁▄▂▄▅█▇█ | Tang. Book Value ($M) | $120 | $131 | $123 | $129 | $134 | $143 | $140 | $144 |
| ▁▁▄▄▅▇██ | Gross Loans ($M) | $408 | $409 | $440 | $439 | $457 | $472 | $480 | $489 |
| ▁▁▆▆▄▄██ | Total Deposits ($M) | $537 | $529 | $591 | $591 | $570 | $569 | $622 | $623 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 32% |