Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.30 | 1.46% |
| Return on Equity (%) | ▲ | 19.67% | +2.37 | 17.30% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.40 | 3.55% |
| Efficiency Ratio (%) | ▲ | 44.89% | -4.54 | 49.43% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.29 | $4 |
| Cost of Funds (%) | ▲ | 1.66% | -0.21 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $938 | +100.26 | $837 |
| Gross Loans ($M) | ▲ | $743 | +94.68 | $649 |
| Loan Growth YoY (%) | ▲ | 89.30% | +4.48 | 84.82% |
| Total Deposits ($M) | ▲ | $824 | +66.85 | $757 |
| Shareholders Equity ($M) | ▲ | $83 | +11.56 | $72 |
| Tang. Book Value ($M) | ▲ | $82 | +11.64 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $85 | +11.80 | $73 |
| Loan / Deposit Ratio (%) | ▲ | 89.30% | +4.48 | 84.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.05 | 0.07% |
| Allowance / Loans (%) | — | 0.99% | 0.02% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.06 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.38% | -0.21 | 12.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▆▇█ | Net Interest Margin (%) | 3.49% | 3.47% | 3.50% | 3.55% | 3.70% | 3.79% | 3.87% | 3.95% |
| ▁▁▁▁▃▅▆█ | Return on Assets (%) | 1.46% | 1.44% | 1.47% | 1.46% | 1.55% | 1.61% | 1.66% | 1.76% |
| ████▆▅▄▁ | Efficiency Ratio (%) | 50.1% | 50.0% | 49.5% | 49.4% | 48.3% | 47.8% | 47.1% | 44.9% |
| ██▇▅▃▃▁▁ | Cost of Funds (%) | 1.99% | 2.03% | 1.97% | 1.87% | 1.77% | 1.76% | 1.70% | 1.66% |
| ▃▄▅▁▂▁█▆ | NPA / Assets (%) | 0.09% | 0.10% | 0.11% | 0.07% | 0.08% | 0.08% | 0.14% | 0.11% |
| ▃▄▆▁▂▁█▆ | Net Charge-Off Ratio (%) | 0.12% | 0.13% | 0.14% | 0.09% | 0.11% | 0.09% | 0.17% | 0.14% |
| ▁▂▂▃▄▅▇█ | Tang. Book Value ($M) | $65 | $68 | $69 | $70 | $71 | $75 | $79 | $82 |
| ▁▂▂▃▄▆▇█ | Gross Loans ($M) | $603 | $622 | $627 | $649 | $668 | $693 | $713 | $743 |
| ▁▃▄▄▄▆▆█ | Total Deposits ($M) | $712 | $747 | $765 | $757 | $765 | $783 | $785 | $824 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |