Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.78% | +0.12 | 0.66% |
| Return on Equity (%) | ▲ | 6.54% | +0.63 | 5.91% |
| Net Interest Margin (%) | ▲ | 3.07% | +0.26 | 2.81% |
| Efficiency Ratio (%) | ▲ | 68.74% | -2.13 | 70.87% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.47 | $2 |
| Cost of Funds (%) | ▲ | 1.93% | -0.44 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,199 | +20.85 | $1,178 |
| Gross Loans ($M) | ▲ | $898 | +9.82 | $888 |
| Loan Growth YoY (%) | ▲ | 97.65% | +8.35 | 89.29% |
| Total Deposits ($M) | ▼ | $913 | -73.28 | $986 |
| Shareholders Equity ($M) | ▲ | $139 | +10.02 | $129 |
| Tang. Book Value ($M) | ▲ | $130 | +10.02 | $120 |
| TBV excl. AOCI ($M)** | ▲ | $139 | +11.36 | $127 |
| Loan / Deposit Ratio (%) | ▲ | 97.65% | +8.35 | 89.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.28 | 0.00% |
| Allowance / Loans (%) | — | 0.71% | -0.12% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 0.38% | +0.37 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▇█ | Net Interest Margin (%) | 2.51% | 2.53% | 2.62% | 2.81% | 2.85% | 2.88% | 2.97% | 3.07% |
| ▁▁▁▅▆▇█▇ | Return on Assets (%) | 0.46% | 0.50% | 0.50% | 0.66% | 0.74% | 0.78% | 0.87% | 0.78% |
| █▇█▃▁▁▁▂ | Efficiency Ratio (%) | 76.7% | 75.0% | 76.1% | 70.9% | 68.3% | 68.4% | 67.5% | 68.7% |
| ██▇▃▅▅▄▁ | Cost of Funds (%) | 3.15% | 3.19% | 2.91% | 2.37% | 2.60% | 2.64% | 2.41% | 1.93% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.30% | 0.28% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.39% | 0.38% |
| ▄▆▁▂▄▆██ | Tang. Book Value ($M) | $122 | $125 | $117 | $120 | $122 | $126 | $129 | $130 |
| ▆█▁▅█▃▃▆ | Gross Loans ($M) | $897 | $913 | $834 | $888 | $923 | $856 | $856 | $898 |
| ▁▅▂▅▆█▃▁ | Total Deposits ($M) | $904 | $984 | $929 | $986 | $998 | $1,039 | $951 | $913 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 14% |
| Other | 24% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 13% |