Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.21% | +1.38 | 0.83% |
| Return on Equity (%) | ▲ | 24.49% | +14.37 | 10.12% |
| Net Interest Margin (%) | ▼ | 4.63% | -0.02 | 4.65% |
| Efficiency Ratio (%) | ▲ | 48.79% | -26.31 | 75.09% |
| Pre-Provision Profit ($M) | ▲ | $6 | +3.36 | $3 |
| Cost of Funds (%) | ▼ | 1.41% | +0.16 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $958 | +55.62 | $902 |
| Gross Loans ($M) | ▲ | $747 | +100.75 | $646 |
| Loan Growth YoY (%) | ▲ | 85.05% | +7.84 | 77.21% |
| Total Deposits ($M) | ▲ | $866 | +39.79 | $826 |
| Shareholders Equity ($M) | ▲ | $89 | +16.09 | $73 |
| Tang. Book Value ($M) | ▲ | $88 | +16.23 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $96 | +15.14 | $81 |
| Loan / Deposit Ratio (%) | ▲ | 85.05% | +7.84 | 77.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.04 | 0.05% |
| Allowance / Loans (%) | — | 1.41% | 0.11% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.12% | +0.05 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃██▆██ | Net Interest Margin (%) | 4.45% | 4.51% | 4.52% | 4.65% | 4.64% | 4.59% | 4.66% | 4.63% |
| ██▇▁▄▆▇▇ | Return on Assets (%) | 2.43% | 2.51% | 2.27% | 0.83% | 1.54% | 1.94% | 2.16% | 2.21% |
| ▁▁▂█▅▄▄▃ | Efficiency Ratio (%) | 41.5% | 38.0% | 43.6% | 75.1% | 61.0% | 56.3% | 52.5% | 48.8% |
| ▇▆▅▂▂▁█▆ | Cost of Funds (%) | 1.43% | 1.40% | 1.36% | 1.26% | 1.27% | 1.22% | 1.48% | 1.41% |
| ▁█▃▂▂▃▂▃ | NPA / Assets (%) | 0.00% | 0.33% | 0.12% | 0.05% | 0.05% | 0.09% | 0.06% | 0.09% |
| ▁█▃▂▁▃▂▂ | Net Charge-Off Ratio (%) | 0.00% | 0.48% | 0.17% | 0.07% | 0.06% | 0.13% | 0.08% | 0.12% |
| ▁▃▃▃▄▆██ | Tang. Book Value ($M) | $66 | $74 | $73 | $72 | $75 | $81 | $86 | $88 |
| ▁▁▂▃▅▇██ | Gross Loans ($M) | $592 | $605 | $618 | $646 | $671 | $710 | $733 | $747 |
| ▁▂▃▃▄█▇▅ | Total Deposits ($M) | $766 | $794 | $810 | $826 | $833 | $939 | $899 | $866 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 26% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |