Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.58 | 0.54% |
| Return on Equity (%) | ▲ | 10.00% | +4.51 | 5.49% |
| Net Interest Margin (%) | ▲ | 3.18% | +0.61 | 2.57% |
| Efficiency Ratio (%) | ▲ | 59.27% | -12.51 | 71.78% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.83 | $1 |
| Cost of Funds (%) | ▲ | 2.12% | -0.44 | 2.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $589 | -50.72 | $640 |
| Gross Loans ($M) | ▼ | $454 | -39.38 | $493 |
| Loan Growth YoY (%) | ▲ | 89.87% | +1.71 | 88.17% |
| Total Deposits ($M) | ▼ | $498 | -54.69 | $552 |
| Shareholders Equity ($M) | ▲ | $69 | +5.62 | $63 |
| Tang. Book Value ($M) | ▲ | $68 | +5.64 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +6.27 | $66 |
| Loan / Deposit Ratio (%) | ▲ | 89.87% | +1.71 | 88.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.11 | 0.12% |
| Allowance / Loans (%) | — | 1.39% | 0.18% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.08% | +2.18 | 12.90% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▄▅▆█ | Net Interest Margin (%) | 2.43% | 2.48% | 2.54% | 2.57% | 2.74% | 2.86% | 2.92% | 3.18% |
| ▁▁▂▁▃▄▅█ | Return on Assets (%) | 0.55% | 0.58% | 0.64% | 0.54% | 0.70% | 0.79% | 0.85% | 1.11% |
| █▇▆▇▄▃▂▁ | Efficiency Ratio (%) | 75.1% | 73.0% | 70.4% | 71.8% | 67.1% | 64.1% | 62.9% | 59.3% |
| ██▆▆▅▂▁▂ | Cost of Funds (%) | 2.80% | 2.86% | 2.61% | 2.56% | 2.44% | 2.18% | 2.00% | 2.12% |
| █▆▃▃▄▂▁▁ | NPA / Assets (%) | 0.33% | 0.22% | 0.12% | 0.12% | 0.13% | 0.08% | 0.01% | 0.01% |
| █▆▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.39% | 0.26% | 0.00% | 0.00% | 0.01% | 0.01% | 0.02% | 0.02% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $58 | $61 | $60 | $62 | $64 | $66 | $67 | $68 |
| ██▆▆▄▄▄▁ | Gross Loans ($M) | $504 | $510 | $495 | $493 | $481 | $477 | $478 | $454 |
| ▁▄▇█▃▅▇▁ | Total Deposits ($M) | $492 | $519 | $540 | $552 | $512 | $523 | $543 | $498 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 18% |