Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.00% | -0.01 | 2.01% |
| Return on Equity (%) | ▲ | 22.59% | +0.20 | 22.39% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.02 | 3.76% |
| Efficiency Ratio (%) | ▲ | 45.90% | -0.31 | 46.21% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.09 | $7 |
| Cost of Funds (%) | ▲ | 1.94% | -0.05 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,447 | +171.29 | $1,275 |
| Gross Loans ($M) | ▲ | $1,166 | +120.94 | $1,045 |
| Loan Growth YoY (%) | ▼ | 89.44% | -1.72 | 91.16% |
| Total Deposits ($M) | ▲ | $1,288 | +155.37 | $1,133 |
| Shareholders Equity ($M) | ▲ | $131 | +13.56 | $118 |
| Tang. Book Value ($M) | ▲ | $131 | +13.56 | $118 |
| TBV excl. AOCI ($M)** | ▲ | $137 | +13.09 | $124 |
| Loan / Deposit Ratio (%) | ▼ | 89.44% | -1.72 | 91.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.01 | 0.05% |
| Allowance / Loans (%) | — | 1.20% | 0.00% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.01 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.31% | -0.76 | 13.07% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆███▆ | Net Interest Margin (%) | 3.49% | 3.48% | 3.55% | 3.76% | 3.87% | 3.89% | 3.87% | 3.78% |
| ▁▂▃▇▇██▆ | Return on Assets (%) | 1.73% | 1.78% | 1.84% | 2.01% | 2.02% | 2.05% | 2.09% | 2.00% |
| █▇▆▃▂▁▁▃ | Efficiency Ratio (%) | 49.9% | 49.0% | 48.0% | 46.2% | 45.4% | 45.0% | 44.3% | 45.9% |
| ██▇▃▅▄▁▂ | Cost of Funds (%) | 2.24% | 2.23% | 2.18% | 1.99% | 2.06% | 2.03% | 1.86% | 1.94% |
| █▁▄▅▂▂▁▆ | NPA / Assets (%) | 0.08% | 0.01% | 0.04% | 0.05% | 0.02% | 0.02% | 0.00% | 0.06% |
| █▁▄▅▂▁▁▆ | Net Charge-Off Ratio (%) | 0.10% | 0.01% | 0.05% | 0.06% | 0.03% | 0.01% | 0.00% | 0.07% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $108 | $114 | $113 | $118 | $120 | $126 | $129 | $131 |
| ▁▁▂▃▅▇██ | Gross Loans ($M) | $1,000 | $1,006 | $1,033 | $1,045 | $1,096 | $1,129 | $1,146 | $1,166 |
| ▁▄▃▃▃▅█▇ | Total Deposits ($M) | $1,052 | $1,170 | $1,154 | $1,133 | $1,141 | $1,233 | $1,344 | $1,288 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 22% |