Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.19 | 0.88% |
| Return on Equity (%) | ▲ | 15.53% | +0.32 | 15.21% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.38 | 3.71% |
| Efficiency Ratio (%) | ▲ | 73.10% | -4.42 | 77.51% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.63 | $2 |
| Cost of Funds (%) | ▲ | 1.41% | -0.11 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $785 | +67.89 | $717 |
| Gross Loans ($M) | ▲ | $510 | +37.38 | $472 |
| Loan Growth YoY (%) | ▲ | 75.18% | +1.22 | 73.96% |
| Total Deposits ($M) | ▲ | $669 | +39.24 | $630 |
| Shareholders Equity ($M) | ▲ | $54 | +9.05 | $45 |
| Tang. Book Value ($M) | ▲ | $54 | +9.05 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +10.40 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 75.18% | +1.22 | 73.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.04 | 0.38% |
| Allowance / Loans (%) | — | 1.33% | -0.06% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.52% | -0.06 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.72% | -0.26 | 12.98% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 3.17% | 3.24% | 3.32% | 3.71% | 3.82% | 3.90% | 3.94% | 4.09% |
| ▁▂▃▇▇▇▇█ | Return on Assets (%) | 0.26% | 0.36% | 0.53% | 0.88% | 0.91% | 0.96% | 0.96% | 1.07% |
| █▇▅▂▂▂▂▁ | Efficiency Ratio (%) | 93.4% | 90.1% | 85.5% | 77.5% | 76.6% | 75.8% | 75.7% | 73.1% |
| ▇██▄▃▂▁▂ | Cost of Funds (%) | 1.68% | 1.75% | 1.70% | 1.53% | 1.47% | 1.40% | 1.33% | 1.41% |
| ▄▂█▅▅▁▄▄ | NPA / Assets (%) | 0.35% | 0.27% | 0.49% | 0.38% | 0.38% | 0.23% | 0.34% | 0.34% |
| ▄▂█▅▅▁▄▄ | Net Charge-Off Ratio (%) | 0.53% | 0.43% | 0.77% | 0.58% | 0.57% | 0.35% | 0.53% | 0.52% |
| ▁▄▁▄▅▇██ | Tang. Book Value ($M) | $37 | $44 | $39 | $45 | $46 | $52 | $54 | $54 |
| ▁▁▁▁▂▄▆█ | Gross Loans ($M) | $470 | $472 | $468 | $472 | $474 | $484 | $496 | $510 |
| ▁▂▃▄▄▆▇█ | Total Deposits ($M) | $606 | $620 | $629 | $630 | $634 | $652 | $659 | $669 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Consumer | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 9% |