Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.61% | -0.81 | 1.43% |
| Return on Equity (%) | ▼ | 6.66% | -6.51 | 13.17% |
| Net Interest Margin (%) | ▲ | 4.46% | +0.02 | 4.44% |
| Efficiency Ratio (%) | ▼ | 81.33% | +16.18 | 65.14% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.37 | $2 |
| Cost of Funds (%) | ▲ | 1.58% | -0.17 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $789 | +261.39 | $528 |
| Gross Loans ($M) | ▲ | $618 | +193.86 | $424 |
| Loan Growth YoY (%) | ▼ | 86.41% | -3.30 | 89.71% |
| Total Deposits ($M) | ▲ | $706 | +239.02 | $467 |
| Shareholders Equity ($M) | ▲ | $73 | +16.95 | $56 |
| Tang. Book Value ($M) | ▲ | $62 | +9.78 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +12.07 | $54 |
| Loan / Deposit Ratio (%) | ▼ | 86.41% | -3.30 | 89.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.48% | +1.24 | 0.24% |
| Allowance / Loans (%) | — | 1.26% | 0.07% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 1.89% | +1.60 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.00% | +10.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▅▅█▇ | Net Interest Margin (%) | 4.10% | 4.16% | 4.21% | 4.44% | 4.34% | 4.34% | 4.57% | 4.46% |
| ███▇▂▂▃▁ | Return on Assets (%) | 1.48% | 1.50% | 1.56% | 1.43% | 0.74% | 0.81% | 0.91% | 0.61% |
| ▁▁▁▂█▇▇█ | Efficiency Ratio (%) | 61.8% | 61.8% | 61.3% | 65.1% | 80.1% | 78.6% | 78.1% | 81.3% |
| ▆█▆▃▂▄▂▁ | Cost of Funds (%) | 1.93% | 2.08% | 1.95% | 1.75% | 1.67% | 1.77% | 1.64% | 1.58% |
| ▂▁▁▁██▄▄ | NPA / Assets (%) | 0.56% | 0.21% | 0.25% | 0.24% | 2.87% | 2.80% | 1.51% | 1.48% |
| ▁▁▁▁██▅▄ | Net Charge-Off Ratio (%) | 0.63% | 0.23% | 0.31% | 0.30% | 3.70% | 3.49% | 1.97% | 1.89% |
| ▁▃▃▂▁▁██ | Tang. Book Value ($M) | $51 | $53 | $54 | $53 | $50 | $52 | $62 | $62 |
| ▁▁▁▁▁▁██ | Gross Loans ($M) | $430 | $424 | $424 | $424 | $408 | $414 | $604 | $618 |
| ▁▁▁▁▁▁██ | Total Deposits ($M) | $470 | $462 | $450 | $467 | $465 | $452 | $708 | $706 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 18% |