Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +1.16 | 0.60% |
| Return on Equity (%) | ▲ | 6.70% | +2.98 | 3.72% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.46 | 2.67% |
| Efficiency Ratio (%) | ▲ | 56.02% | -18.17 | 74.19% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.70 | $1 |
| Cost of Funds (%) | ▲ | 2.03% | -0.07 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $840 | +159.61 | $680 |
| Gross Loans ($M) | ▲ | $509 | +73.32 | $436 |
| Loan Growth YoY (%) | ▲ | 83.85% | +6.70 | 77.15% |
| Total Deposits ($M) | ▲ | $603 | +43.83 | $559 |
| Shareholders Equity ($M) | ▲ | $216 | +113.02 | $103 |
| Tang. Book Value ($M) | ▲ | $216 | +113.08 | $103 |
| TBV excl. AOCI ($M)** | ▲ | $223 | +117.25 | $106 |
| Loan / Deposit Ratio (%) | ▲ | 83.85% | +6.70 | 77.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Allowance / Loans (%) | — | 0.83% | -0.34% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.01 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 42.42% | +16.05 | 26.37% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▂▂▂▆ | Net Interest Margin (%) | 3.40% | 3.25% | 3.15% | 2.67% | 2.82% | 2.83% | 2.83% | 3.13% |
| ▁▁▁▁█▆▅▆ | Return on Assets (%) | 0.64% | 0.55% | 0.65% | 0.60% | 2.40% | 1.87% | 1.60% | 1.76% |
| ███▆▅▅▄▁ | Efficiency Ratio (%) | 82.7% | 81.1% | 80.9% | 74.2% | 71.0% | 69.5% | 67.8% | 56.0% |
| ▁▅▇▃▇█▆▃ | Cost of Funds (%) | 1.84% | 2.26% | 2.37% | 2.09% | 2.43% | 2.52% | 2.31% | 2.03% |
| ██▇▄▄▁▁▁ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% |
| ██▇▄▃▁▁▁ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% |
| ▁▁▁▁▁▁██ | Tang. Book Value ($M) | $100 | $101 | $101 | $103 | $109 | $112 | $214 | $216 |
| ▁▂▃▅▇▇▇█ | Gross Loans ($M) | $348 | $368 | $402 | $436 | $469 | $469 | $479 | $509 |
| ▁▂▂▆▅█▆█ | Total Deposits ($M) | $405 | $438 | $459 | $559 | $519 | $625 | $564 | $603 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 24% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 34% |