Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.26% | +0.19 | 0.07% |
| Return on Equity (%) | ▲ | 1.93% | +1.39 | 0.54% |
| Net Interest Margin (%) | ▲ | 2.77% | +0.61 | 2.16% |
| Efficiency Ratio (%) | ▲ | 87.74% | -7.44 | 95.18% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.59 | $0 |
| Cost of Funds (%) | ▲ | 2.00% | -0.12 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,012 | +41.01 | $971 |
| Gross Loans ($M) | ▲ | $752 | +57.05 | $695 |
| Loan Growth YoY (%) | ▲ | 98.08% | +7.02 | 91.06% |
| Total Deposits ($M) | ▲ | $758 | +2.88 | $755 |
| Shareholders Equity ($M) | ▲ | $133 | +7.74 | $126 |
| Tang. Book Value ($M) | ▲ | $117 | +7.74 | $109 |
| TBV excl. AOCI ($M)** | ▲ | $125 | +7.76 | $118 |
| Loan / Deposit Ratio (%) | ▲ | 98.08% | +7.02 | 91.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.05 | 0.16% |
| Allowance / Loans (%) | — | 1.15% | 0.09% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.08 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 1.90% | 1.94% | 2.00% | 2.16% | 2.28% | 2.42% | 2.50% | 2.77% |
| ▁▁▂▂▄▇█▆ | Return on Assets (%) | -0.00% | 0.01% | 0.06% | 0.07% | 0.17% | 0.27% | 0.36% | 0.26% |
| ██▇▇▄▂▁▄ | Efficiency Ratio (%) | 98.8% | 96.6% | 94.3% | 95.2% | 88.9% | 83.0% | 79.4% | 87.7% |
| ▇█▅▄▄▄▃▁ | Cost of Funds (%) | 2.24% | 2.29% | 2.16% | 2.12% | 2.12% | 2.12% | 2.09% | 2.00% |
| ▂▁▁█▇▄▄▃ | NPA / Assets (%) | 0.10% | 0.09% | 0.08% | 0.16% | 0.15% | 0.12% | 0.12% | 0.11% |
| ▂▁▁█▇▄▄▃ | Net Charge-Off Ratio (%) | 0.14% | 0.13% | 0.12% | 0.23% | 0.20% | 0.16% | 0.16% | 0.15% |
| ▁▄▂▃▄▆██ | Tang. Book Value ($M) | $106 | $111 | $108 | $109 | $111 | $115 | $118 | $117 |
| ▁▂▂▄▅▆▇█ | Gross Loans ($M) | $654 | $671 | $677 | $695 | $712 | $719 | $730 | $752 |
| ▁▂▇█▇▆▇█ | Total Deposits ($M) | $694 | $708 | $744 | $755 | $746 | $741 | $748 | $758 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 17% |