Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.18% | -0.69 | 1.87% |
| Return on Equity (%) | ▼ | 12.79% | -6.19 | 18.98% |
| Net Interest Margin (%) | ▼ | 3.30% | -0.40 | 3.70% |
| Efficiency Ratio (%) | ▼ | 33.66% | +8.63 | 25.03% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.28 | $6 |
| Cost of Funds (%) | ▼ | 3.27% | +0.08 | 3.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $938 | +186.89 | $751 |
| Gross Loans ($M) | ▲ | $814 | +173.08 | $641 |
| Loan Growth YoY (%) | ▲ | 108.95% | +6.34 | 102.61% |
| Total Deposits ($M) | ▲ | $736 | +120.85 | $615 |
| Shareholders Equity ($M) | ▲ | $85 | +10.47 | $75 |
| Tang. Book Value ($M) | ▲ | $85 | +10.47 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +10.52 | $77 |
| Loan / Deposit Ratio (%) | ▲ | 108.95% | +6.34 | 102.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.19% | +3.20 | 0.99% |
| Allowance / Loans (%) | — | 1.41% | -0.01% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 4.83% | +3.66 | 1.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.23% | -0.85 | 11.08% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█████▄▁ | Net Interest Margin (%) | 3.66% | 3.70% | 3.69% | 3.70% | 3.71% | 3.71% | 3.46% | 3.30% |
| ▅▆▇██▇▃▁ | Return on Assets (%) | 1.57% | 1.65% | 1.71% | 1.87% | 1.80% | 1.72% | 1.40% | 1.18% |
| █▇▆▁▃▃▆█ | Efficiency Ratio (%) | 32.8% | 31.6% | 30.9% | 25.0% | 27.3% | 27.9% | 30.6% | 33.7% |
| ▁▄▂▁▆▇█▃ | Cost of Funds (%) | 3.21% | 3.32% | 3.26% | 3.19% | 3.39% | 3.42% | 3.49% | 3.27% |
| ▁▁▁▁▁▂▂█ | NPA / Assets (%) | 1.04% | 0.94% | 0.81% | 0.99% | 0.94% | 1.42% | 1.48% | 4.19% |
| ▁▁▁▁▁▂▂█ | Net Charge-Off Ratio (%) | 1.22% | 1.12% | 0.99% | 1.16% | 1.08% | 1.69% | 1.70% | 4.83% |
| ▁▁▅▆▇███ | Tang. Book Value ($M) | $49 | $53 | $71 | $74 | $78 | $81 | $83 | $85 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $535 | $568 | $595 | $641 | $689 | $713 | $762 | $814 |
| ▁▂▃▄▅▆▇█ | Total Deposits ($M) | $532 | $561 | $596 | $615 | $634 | $684 | $696 | $736 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 28% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 41% |
| Brokered / Other | 49% |