Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.44% | -0.16 | 1.60% |
| Return on Equity (%) | ▼ | 18.43% | -4.19 | 22.62% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.38 | 4.04% |
| Efficiency Ratio (%) | ▼ | 58.32% | +4.72 | 53.61% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.18 | $6 |
| Cost of Funds (%) | ▲ | 1.39% | -0.51 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,370 | +248.32 | $1,122 |
| Gross Loans ($M) | ▲ | $817 | +115.15 | $702 |
| Loan Growth YoY (%) | ▼ | 65.88% | -1.75 | 67.63% |
| Total Deposits ($M) | ▲ | $1,225 | +198.45 | $1,026 |
| Shareholders Equity ($M) | ▲ | $106 | +25.89 | $81 |
| Tang. Book Value ($M) | ▲ | $95 | +21.63 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +24.16 | $85 |
| Loan / Deposit Ratio (%) | ▼ | 65.88% | -1.75 | 67.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.91% | +1.14 | 0.78% |
| Allowance / Loans (%) | — | 1.28% | 0.13% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 2.93% | +1.70 | 1.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.45% | -0.78 | 13.23% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▄▅█ | Net Interest Margin (%) | 3.79% | 3.76% | 3.80% | 4.04% | 4.02% | 4.07% | 4.10% | 4.42% |
| ▂▇▃▄▁█▄▂ | Return on Assets (%) | 1.42% | 1.86% | 1.54% | 1.60% | 1.33% | 1.95% | 1.64% | 1.44% |
| █▅▆▆▇▁▃█ | Efficiency Ratio (%) | 57.8% | 52.0% | 53.6% | 53.6% | 55.1% | 43.1% | 47.9% | 58.3% |
| ██▆▅▅▅▂▁ | Cost of Funds (%) | 2.37% | 2.41% | 2.08% | 1.90% | 2.00% | 1.92% | 1.64% | 1.39% |
| ▁▄▆▃▁▂██ | NPA / Assets (%) | 0.51% | 1.11% | 1.50% | 0.78% | 0.28% | 0.74% | 2.15% | 1.91% |
| ▂▄▆▃▁▂█▇ | Net Charge-Off Ratio (%) | 0.73% | 1.74% | 2.43% | 1.23% | 0.23% | 0.92% | 3.38% | 2.93% |
| ▁▂▂▂▂▅▆█ | Tang. Book Value ($M) | $68 | $73 | $72 | $74 | $73 | $85 | $88 | $95 |
| ▂▁▁▁▁▃▂█ | Gross Loans ($M) | $715 | $699 | $704 | $702 | $703 | $736 | $718 | $817 |
| ▁▁▃▂▂▁▄█ | Total Deposits ($M) | $980 | $997 | $1,048 | $1,026 | $1,016 | $998 | $1,078 | $1,225 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 16% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 12% |