Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.22 | 1.53% |
| Return on Equity (%) | ▲ | 16.72% | +2.36 | 14.36% |
| Net Interest Margin (%) | ▼ | 4.81% | -0.30 | 5.11% |
| Efficiency Ratio (%) | ▲ | 34.52% | -2.98 | 37.50% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.01 | $4 |
| Cost of Funds (%) | ▲ | 2.97% | -0.05 | 3.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $723 | +90.52 | $632 |
| Gross Loans ($M) | ▲ | $549 | +105.19 | $444 |
| Loan Growth YoY (%) | ▲ | 88.61% | +5.66 | 82.94% |
| Total Deposits ($M) | ▲ | $611 | +83.48 | $528 |
| Shareholders Equity ($M) | ▲ | $76 | +11.67 | $65 |
| Tang. Book Value ($M) | ▲ | $72 | +11.79 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +11.99 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 88.61% | +5.66 | 82.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.13 | 0.06% |
| Allowance / Loans (%) | — | 1.33% | -0.02% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.16 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄██▆▅▅▆▁ | Net Interest Margin (%) | 4.99% | 5.22% | 5.21% | 5.11% | 5.03% | 5.06% | 5.09% | 4.81% |
| ▁▃▄▆▇▇▇█ | Return on Assets (%) | 1.15% | 1.36% | 1.42% | 1.53% | 1.65% | 1.67% | 1.64% | 1.76% |
| █▆▆▃▂▂▁▁ | Efficiency Ratio (%) | 45.7% | 42.6% | 41.9% | 37.5% | 37.1% | 36.3% | 35.5% | 34.5% |
| ███▁▆▅▃▁ | Cost of Funds (%) | 3.47% | 3.41% | 3.46% | 3.01% | 3.29% | 3.24% | 3.10% | 2.97% |
| ██▇▁▂▂▃▄ | NPA / Assets (%) | 0.38% | 0.35% | 0.34% | 0.06% | 0.12% | 0.11% | 0.15% | 0.19% |
| ██▇▁▂▂▂▃ | Net Charge-Off Ratio (%) | 0.55% | 0.49% | 0.48% | 0.09% | 0.16% | 0.14% | 0.19% | 0.25% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $53 | $56 | $58 | $61 | $63 | $67 | $69 | $72 |
| ▁▂▂▄▅▆██ | Gross Loans ($M) | $353 | $393 | $397 | $444 | $451 | $490 | $528 | $549 |
| ▁▂▂▅▅▆██ | Total Deposits ($M) | $412 | $450 | $456 | $528 | $535 | $547 | $592 | $611 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 16% |
| Consumer | 19% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 19% |