Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.17% | -0.37 | 1.53% |
| Return on Equity (%) | ▼ | 8.43% | -3.14 | 11.57% |
| Net Interest Margin (%) | ▼ | 3.36% | -0.18 | 3.54% |
| Efficiency Ratio (%) | ▼ | 55.17% | +7.34 | 47.84% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.80 | $6 |
| Cost of Funds (%) | ▲ | 1.44% | -0.09 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,197 | +59.50 | $1,137 |
| Gross Loans ($M) | ▲ | $592 | +28.10 | $563 |
| Loan Growth YoY (%) | ▲ | 57.09% | +0.21 | 56.88% |
| Total Deposits ($M) | ▲ | $1,023 | +46.33 | $977 |
| Shareholders Equity ($M) | ▲ | $166 | +13.51 | $152 |
| Tang. Book Value ($M) | ▲ | $166 | +13.51 | $152 |
| TBV excl. AOCI ($M)** | ▲ | $185 | +13.31 | $172 |
| Loan / Deposit Ratio (%) | ▲ | 57.09% | +0.21 | 56.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.89% | +0.51 | 0.38% |
| Allowance / Loans (%) | — | 1.21% | -0.14% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 1.65% | +0.97 | 0.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▅▅▇██▁ | Net Interest Margin (%) | 3.50% | 3.50% | 3.53% | 3.54% | 3.59% | 3.66% | 3.65% | 3.36% |
| ▆▇▇▇███▁ | Return on Assets (%) | 1.48% | 1.53% | 1.52% | 1.53% | 1.58% | 1.62% | 1.57% | 1.17% |
| ▃▃▁▁▁▁▁█ | Efficiency Ratio (%) | 49.9% | 49.8% | 47.3% | 47.8% | 47.9% | 48.1% | 47.7% | 55.2% |
| ▅██▄▂▄▁▁ | Cost of Funds (%) | 1.56% | 1.66% | 1.64% | 1.52% | 1.49% | 1.52% | 1.46% | 1.44% |
| ▃▂▃▃▂▁▇█ | NPA / Assets (%) | 0.36% | 0.33% | 0.43% | 0.38% | 0.29% | 0.17% | 0.78% | 0.89% |
| ▃▃▄▃▂▁▇█ | Net Charge-Off Ratio (%) | 0.55% | 0.58% | 0.78% | 0.68% | 0.48% | 0.14% | 1.38% | 1.65% |
| ▂▅▁▃▅▇▇█ | Tang. Book Value ($M) | $151 | $157 | $147 | $152 | $157 | $163 | $162 | $166 |
| ▁▂▄▄▇███ | Gross Loans ($M) | $541 | $551 | $562 | $563 | $583 | $594 | $595 | $592 |
| ▁▃▅▅▆▅▇█ | Total Deposits ($M) | $915 | $946 | $971 | $977 | $985 | $980 | $1,007 | $1,023 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 18% |