Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.22 | 0.68% |
| Return on Equity (%) | ▲ | 10.70% | +3.03 | 7.67% |
| Net Interest Margin (%) | ▲ | 4.46% | +0.12 | 4.34% |
| Efficiency Ratio (%) | ▲ | 67.39% | -5.58 | 72.97% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.33 | $2 |
| Cost of Funds (%) | ▲ | 2.66% | -0.15 | 2.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $972 | +172.71 | $799 |
| Gross Loans ($M) | ▲ | $848 | +178.18 | $670 |
| Loan Growth YoY (%) | ▲ | 95.09% | +3.72 | 91.37% |
| Total Deposits ($M) | ▲ | $880 | +156.69 | $723 |
| Shareholders Equity ($M) | ▲ | $83 | +12.61 | $70 |
| Tang. Book Value ($M) | ▲ | $83 | +12.61 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $85 | +11.90 | $73 |
| Loan / Deposit Ratio (%) | ▲ | 95.09% | +3.72 | 91.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.56% | -0.33 | 0.90% |
| Allowance / Loans (%) | — | 1.34% | -0.02% | 1.36% |
| Net Charge-Off Ratio (%) | ▲ | 0.52% | -0.35 | 0.87% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇████ | Net Interest Margin (%) | 3.82% | 3.87% | 3.97% | 4.34% | 4.44% | 4.48% | 4.42% | 4.46% |
| ▁▂▄▃███▇ | Return on Assets (%) | 0.58% | 0.66% | 0.76% | 0.68% | 0.93% | 0.97% | 0.95% | 0.90% |
| █▇▅▅▁▁▂▁ | Efficiency Ratio (%) | 79.6% | 76.5% | 74.4% | 73.0% | 67.2% | 66.1% | 68.1% | 67.4% |
| ▆▇█▂▂▃▂▁ | Cost of Funds (%) | 3.08% | 3.18% | 3.29% | 2.80% | 2.74% | 2.85% | 2.77% | 2.66% |
| █▆▃▃▂▁▁▁ | NPA / Assets (%) | 1.82% | 1.47% | 0.97% | 0.90% | 0.75% | 0.67% | 0.57% | 0.56% |
| █▆▃▂▂▁▁▁ | Net Charge-Off Ratio (%) | 1.96% | 1.51% | 0.88% | 0.87% | 0.74% | 0.68% | 0.66% | 0.52% |
| ▁▁▂▃▄▅▆█ | Tang. Book Value ($M) | $64 | $66 | $67 | $70 | $72 | $75 | $77 | $83 |
| ▁▁▁▂▄▅▆█ | Gross Loans ($M) | $613 | $635 | $634 | $670 | $704 | $735 | $775 | $848 |
| ▁▂▂▄▄▅▇█ | Total Deposits ($M) | $617 | $678 | $671 | $723 | $742 | $769 | $816 | $880 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 30% |