Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.37 | 1.24% |
| Return on Equity (%) | ▲ | 15.65% | +2.90 | 12.75% |
| Net Interest Margin (%) | ▲ | 4.92% | +0.51 | 4.41% |
| Efficiency Ratio (%) | ▲ | 57.36% | -5.76 | 63.12% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.01 | $3 |
| Cost of Funds (%) | ▲ | 1.40% | -0.15 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $694 | +51.53 | $643 |
| Gross Loans ($M) | ▲ | $585 | +46.65 | $539 |
| Loan Growth YoY (%) | ▲ | 94.14% | +0.98 | 93.16% |
| Total Deposits ($M) | ▲ | $614 | +43.21 | $571 |
| Shareholders Equity ($M) | ▲ | $71 | +7.66 | $64 |
| Tang. Book Value ($M) | ▲ | $71 | +7.66 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +7.77 | $67 |
| Loan / Deposit Ratio (%) | ▲ | 94.14% | +0.98 | 93.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.27 | 0.02% |
| Allowance / Loans (%) | — | 1.16% | -0.03% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.33% | +0.32 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.02% | +0.18 | 12.83% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.91% | 3.95% | 4.07% | 4.41% | 4.51% | 4.61% | 4.67% | 4.92% |
| ▁▁▂▃▄▅▆█ | Return on Assets (%) | 1.03% | 1.09% | 1.17% | 1.24% | 1.27% | 1.36% | 1.42% | 1.60% |
| ██▇▅▅▄▃▁ | Efficiency Ratio (%) | 67.0% | 66.2% | 64.8% | 63.1% | 62.9% | 61.3% | 60.4% | 57.4% |
| ██▅▃▃▄▃▁ | Cost of Funds (%) | 1.83% | 1.83% | 1.62% | 1.55% | 1.54% | 1.58% | 1.56% | 1.40% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.01% | 0.02% | 0.02% | 0.02% | 0.01% | 0.03% | 0.01% | 0.28% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.01% | 0.01% | 0.01% | 0.00% | 0.02% | 0.00% | 0.33% |
| ▁▃▂▄▄▆▇█ | Tang. Book Value ($M) | $58 | $61 | $61 | $64 | $64 | $68 | $69 | $71 |
| ▁▁▃▃▅▆██ | Gross Loans ($M) | $519 | $523 | $537 | $539 | $558 | $565 | $577 | $585 |
| ▁▂▄▄▆▅▆█ | Total Deposits ($M) | $534 | $546 | $568 | $571 | $593 | $580 | $590 | $614 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 20% |