Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.87% | +0.19 | 1.69% |
| Return on Equity (%) | ▲ | 9.32% | +1.13 | 8.19% |
| Net Interest Margin (%) | ▲ | 7.62% | +1.85 | 5.78% |
| Efficiency Ratio (%) | ▲ | 64.87% | -0.20 | 65.07% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.46 | $2 |
| Cost of Funds (%) | ▲ | 1.02% | -0.12 | 1.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $570 | +45.57 | $524 |
| Gross Loans ($M) | ▲ | $452 | +89.76 | $362 |
| Loan Growth YoY (%) | ▲ | 110.76% | +22.59 | 88.17% |
| Total Deposits ($M) | ▼ | $404 | -2.01 | $406 |
| Shareholders Equity ($M) | ▲ | $115 | +5.06 | $110 |
| Tang. Book Value ($M) | ▼ | $74 | -5.31 | $79 |
| TBV excl. AOCI ($M)** | ▼ | $77 | -5.11 | $82 |
| Loan / Deposit Ratio (%) | ▲ | 110.76% | +22.59 | 88.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.13 | 0.20% |
| Allowance / Loans (%) | — | 0.94% | -0.17% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.20 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▁▁▃█ | Net Interest Margin (%) | 5.74% | 5.82% | 5.96% | 5.78% | 5.93% | 5.93% | 6.43% | 7.62% |
| ▆▆▁▃▆▆█▅ | Return on Assets (%) | 2.00% | 2.00% | 1.51% | 1.69% | 1.97% | 2.01% | 2.20% | 1.87% |
| ▂▃▁█▄▃▁█ | Efficiency Ratio (%) | 60.9% | 61.6% | 60.1% | 65.1% | 62.4% | 61.8% | 60.2% | 64.9% |
| █▆▆▃▃▂▃▁ | Cost of Funds (%) | 1.49% | 1.36% | 1.37% | 1.14% | 1.18% | 1.09% | 1.17% | 1.02% |
| ▁▁▂█▂█▃▃ | NPA / Assets (%) | 0.02% | 0.03% | 0.06% | 0.20% | 0.05% | 0.22% | 0.09% | 0.08% |
| ▁▁▃█▂█▃▃ | Net Charge-Off Ratio (%) | 0.02% | 0.05% | 0.09% | 0.29% | 0.07% | 0.30% | 0.11% | 0.10% |
| ▅▇▄▆▇█▁▂ | Tang. Book Value ($M) | $78 | $81 | $77 | $79 | $81 | $83 | $72 | $74 |
| ▄▄▁▁▂▄██ | Gross Loans ($M) | $399 | $400 | $366 | $362 | $381 | $404 | $453 | $452 |
| ▁▇▅▄▃█▇▄ | Total Deposits ($M) | $386 | $425 | $414 | $406 | $401 | $431 | $424 | $404 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 23% |
| C&I / Commercial | 49% |
| Other | 28% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 1% |