Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.65% | -0.11 | 0.76% |
| Return on Equity (%) | ▼ | 5.80% | -1.37 | 7.17% |
| Net Interest Margin (%) | ▼ | 4.13% | -0.06 | 4.19% |
| Efficiency Ratio (%) | ▼ | 77.50% | +1.44 | 76.06% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.15 | $3 |
| Cost of Funds (%) | ▲ | 2.20% | -0.09 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,399 | +187.04 | $1,212 |
| Gross Loans ($M) | ▲ | $1,107 | +139.20 | $967 |
| Loan Growth YoY (%) | ▲ | 95.69% | +3.70 | 91.98% |
| Total Deposits ($M) | ▲ | $1,141 | +103.99 | $1,037 |
| Shareholders Equity ($M) | ▲ | $156 | +23.81 | $132 |
| Tang. Book Value ($M) | ▲ | $138 | +23.93 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $146 | +25.96 | $120 |
| Loan / Deposit Ratio (%) | ▲ | 95.69% | +3.70 | 91.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Allowance / Loans (%) | — | 1.35% | -0.06% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.05 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▂▄▄▃▁ | Net Interest Margin (%) | 4.57% | 4.56% | 4.47% | 4.19% | 4.30% | 4.33% | 4.29% | 4.13% |
| ▁▃▂▇███▅ | Return on Assets (%) | 0.48% | 0.56% | 0.54% | 0.76% | 0.80% | 0.80% | 0.77% | 0.65% |
| █▇█▄▁▁▃▆ | Efficiency Ratio (%) | 79.3% | 78.4% | 78.7% | 76.1% | 73.8% | 73.7% | 75.5% | 77.5% |
| ▁█▆▇▃▄▄▂ | Cost of Funds (%) | 2.19% | 2.32% | 2.28% | 2.29% | 2.23% | 2.25% | 2.25% | 2.20% |
| ███▁▁▁▅█ | NPA / Assets (%) | 0.04% | 0.04% | 0.04% | 0.00% | 0.00% | 0.00% | 0.02% | 0.04% |
| ▁▁▁▁▁▁▅█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.05% |
| ▁▁▂▄▆▇██ | Tang. Book Value ($M) | $98 | $103 | $105 | $114 | $125 | $132 | $136 | $138 |
| ▁▁▃▄▅▆▇█ | Gross Loans ($M) | $864 | $880 | $933 | $967 | $1,003 | $1,033 | $1,069 | $1,107 |
| ▁▁▅▅▆▆██ | Total Deposits ($M) | $885 | $886 | $1,032 | $1,037 | $1,064 | $1,068 | $1,123 | $1,141 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 18% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 10% |