Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.30 | 0.66% |
| Return on Equity (%) | ▲ | 3.54% | +0.99 | 2.55% |
| Net Interest Margin (%) | ▲ | 2.26% | +0.28 | 1.98% |
| Efficiency Ratio (%) | ▲ | 52.06% | -10.00 | 62.07% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.86 | $4 |
| Cost of Funds (%) | ▲ | 1.50% | -0.14 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,012 | -27.33 | $2,039 |
| Gross Loans ($M) | ▲ | $910 | +66.29 | $843 |
| Loan Growth YoY (%) | ▲ | 65.19% | +6.78 | 58.40% |
| Total Deposits ($M) | ▼ | $1,388 | -48.79 | $1,437 |
| Shareholders Equity ($M) | ▲ | $548 | +19.92 | $528 |
| Tang. Book Value ($M) | ▲ | $548 | +19.92 | $528 |
| TBV excl. AOCI ($M)** | ▲ | $592 | +17.00 | $575 |
| Loan / Deposit Ratio (%) | ▲ | 65.19% | +6.78 | 58.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.04 | 0.11% |
| Allowance / Loans (%) | — | 0.56% | 0.03% | 0.53% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.06 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 1.71% | 1.71% | 1.74% | 1.98% | 2.01% | 2.04% | 2.08% | 2.26% |
| ▁▁▁▂▅▅▆█ | Return on Assets (%) | 0.56% | 0.58% | 0.59% | 0.66% | 0.78% | 0.77% | 0.82% | 0.96% |
| ████▅▅▃▁ | Efficiency Ratio (%) | 63.1% | 63.0% | 63.2% | 62.1% | 58.4% | 58.0% | 55.0% | 52.1% |
| ██▇▄▄▄▃▁ | Cost of Funds (%) | 1.81% | 1.85% | 1.79% | 1.65% | 1.65% | 1.66% | 1.60% | 1.50% |
| ▁▁▆▅▇▅▆█ | NPA / Assets (%) | 0.06% | 0.06% | 0.12% | 0.11% | 0.14% | 0.11% | 0.12% | 0.15% |
| ▁▁▆▆▇▅▅█ | Net Charge-Off Ratio (%) | 0.16% | 0.15% | 0.29% | 0.27% | 0.31% | 0.26% | 0.26% | 0.34% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $517 | $523 | $523 | $528 | $533 | $538 | $543 | $548 |
| ▁▂▃▄▆▇██ | Gross Loans ($M) | $789 | $809 | $826 | $843 | $873 | $894 | $910 | $910 |
| ▆▆██▃▄▁▁ | Total Deposits ($M) | $1,423 | $1,424 | $1,434 | $1,437 | $1,404 | $1,409 | $1,389 | $1,388 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 20% |