Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.15 | 0.94% |
| Return on Equity (%) | ▲ | 12.01% | +0.04 | 11.97% |
| Net Interest Margin (%) | ▲ | 3.57% | +0.44 | 3.13% |
| Efficiency Ratio (%) | ▼ | 69.76% | +5.06 | 64.70% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.44 | $6 |
| Cost of Funds (%) | ▲ | 1.57% | -0.08 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,401 | +362.57 | $2,039 |
| Gross Loans ($M) | ▲ | $1,556 | +297.05 | $1,259 |
| Loan Growth YoY (%) | ▲ | 74.88% | +2.90 | 71.99% |
| Total Deposits ($M) | ▲ | $2,053 | +323.34 | $1,730 |
| Shareholders Equity ($M) | ▲ | $229 | +69.34 | $160 |
| Tang. Book Value ($M) | ▲ | $195 | +50.44 | $145 |
| TBV excl. AOCI ($M)** | ▲ | $221 | +51.27 | $169 |
| Loan / Deposit Ratio (%) | ▲ | 74.88% | +2.90 | 71.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.00 | 0.03% |
| Allowance / Loans (%) | — | 1.18% | 0.10% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.03 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.80% | -0.11 | 12.90% |
Noninterest income ($4.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▅█ | Net Interest Margin (%) | 2.92% | 2.97% | 3.01% | 3.13% | 3.21% | 3.27% | 3.31% | 3.57% |
| ▁▂▃▅▇███ | Return on Assets (%) | 0.74% | 0.80% | 0.84% | 0.94% | 1.03% | 1.06% | 1.07% | 1.09% |
| █▇▆▂▁▁▁█ | Efficiency Ratio (%) | 70.6% | 69.3% | 68.0% | 64.7% | 64.0% | 63.8% | 63.4% | 69.8% |
| ▇█▆▂▃▃▂▁ | Cost of Funds (%) | 1.89% | 1.94% | 1.82% | 1.65% | 1.68% | 1.67% | 1.62% | 1.57% |
| ▆█▇▅▂█▁▆ | NPA / Assets (%) | 0.04% | 0.04% | 0.04% | 0.03% | 0.02% | 0.04% | 0.02% | 0.04% |
| ▁▃▂▁▂█▁▇ | Net Charge-Off Ratio (%) | 0.01% | 0.03% | 0.02% | 0.02% | 0.02% | 0.05% | 0.02% | 0.04% |
| ▁▁▂▂▃▄▄█ | Tang. Book Value ($M) | $131 | $138 | $139 | $145 | $150 | $155 | $161 | $195 |
| ▁▁▁▂▂▃▃█ | Gross Loans ($M) | $1,196 | $1,201 | $1,230 | $1,259 | $1,271 | $1,288 | $1,322 | $1,556 |
| ▁▁▂▃▃▄▃█ | Total Deposits ($M) | $1,610 | $1,649 | $1,681 | $1,730 | $1,759 | $1,777 | $1,756 | $2,053 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 5% |