Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.91% | +0.25 | 0.66% |
| Return on Equity (%) | ▲ | 6.68% | +1.82 | 4.86% |
| Net Interest Margin (%) | ▲ | 3.42% | +0.27 | 3.14% |
| Efficiency Ratio (%) | ▲ | 63.49% | -4.71 | 68.20% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.82 | $2 |
| Cost of Funds (%) | ▲ | 2.18% | -0.11 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,056 | +82.70 | $974 |
| Gross Loans ($M) | ▲ | $911 | +75.77 | $835 |
| Loan Growth YoY (%) | ▲ | 107.24% | +3.19 | 104.05% |
| Total Deposits ($M) | ▲ | $842 | +46.59 | $796 |
| Shareholders Equity ($M) | ▲ | $143 | +10.61 | $133 |
| Tang. Book Value ($M) | ▲ | $139 | +11.45 | $128 |
| TBV excl. AOCI ($M)** | ▲ | $144 | +11.88 | $132 |
| Loan / Deposit Ratio (%) | ▲ | 107.24% | +3.19 | 104.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.14 | 0.04% |
| Allowance / Loans (%) | — | 0.88% | -0.03% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.17 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇██ | Net Interest Margin (%) | 2.95% | 2.93% | 2.95% | 3.14% | 3.27% | 3.37% | 3.44% | 3.42% |
| ▁▁▂▄▆▇██ | Return on Assets (%) | 0.49% | 0.48% | 0.57% | 0.66% | 0.77% | 0.85% | 0.92% | 0.91% |
| ██▆▅▂▁▁▂ | Efficiency Ratio (%) | 74.8% | 74.3% | 70.7% | 68.2% | 63.2% | 61.6% | 60.0% | 63.5% |
| ▅██▃▁▄▄▁ | Cost of Funds (%) | 2.35% | 2.49% | 2.48% | 2.29% | 2.21% | 2.30% | 2.30% | 2.18% |
| ██▁▁▁▁▂█ | NPA / Assets (%) | 0.18% | 0.18% | 0.04% | 0.04% | 0.04% | 0.04% | 0.07% | 0.18% |
| ██▁▁▁▁▂█ | Net Charge-Off Ratio (%) | 0.21% | 0.21% | 0.05% | 0.05% | 0.05% | 0.05% | 0.08% | 0.21% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $121 | $125 | $125 | $128 | $130 | $134 | $137 | $139 |
| ▁▂▃▄▆▇▇█ | Gross Loans ($M) | $780 | $805 | $822 | $835 | $871 | $890 | $889 | $911 |
| ▁▃▅▅▇▇██ | Total Deposits ($M) | $737 | $769 | $793 | $796 | $823 | $825 | $831 | $842 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 17% |