Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.19 | 1.26% |
| Return on Equity (%) | ▲ | 14.46% | +2.85 | 11.61% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.26 | 3.63% |
| Efficiency Ratio (%) | ▲ | 48.65% | -3.27 | 51.91% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.54 | $5 |
| Cost of Funds (%) | ▲ | 1.49% | -0.27 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,173 | +135.69 | $1,038 |
| Gross Loans ($M) | ▲ | $783 | +104.60 | $678 |
| Loan Growth YoY (%) | ▲ | 76.41% | +0.94 | 75.47% |
| Total Deposits ($M) | ▲ | $1,011 | +123.88 | $888 |
| Shareholders Equity ($M) | ▲ | $118 | +7.12 | $111 |
| Tang. Book Value ($M) | ▲ | $118 | +7.12 | $111 |
| TBV excl. AOCI ($M)** | ▲ | $130 | +5.87 | $124 |
| Loan / Deposit Ratio (%) | ▲ | 76.41% | +0.94 | 75.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.09 | 0.12% |
| Allowance / Loans (%) | — | 1.26% | 0.05% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.13 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇▇██ | Net Interest Margin (%) | 3.00% | 3.07% | 3.23% | 3.63% | 3.67% | 3.75% | 3.80% | 3.88% |
| ▅▅▅▆▁▃▄█ | Return on Assets (%) | 1.15% | 1.15% | 1.15% | 1.26% | 0.71% | 0.94% | 1.06% | 1.45% |
| █▇▇▄▅▄▄▁ | Efficiency Ratio (%) | 56.9% | 55.1% | 55.6% | 51.9% | 52.9% | 52.0% | 52.0% | 48.6% |
| █▇█▃▃▃▂▁ | Cost of Funds (%) | 2.43% | 2.30% | 2.35% | 1.76% | 1.74% | 1.75% | 1.63% | 1.49% |
| ▆▅▆▅█▅▁▂ | NPA / Assets (%) | 0.15% | 0.12% | 0.13% | 0.12% | 0.20% | 0.11% | 0.00% | 0.03% |
| ▇▆▆▆█▅▁▂ | Net Charge-Off Ratio (%) | 0.24% | 0.19% | 0.18% | 0.18% | 0.28% | 0.17% | 0.00% | 0.05% |
| ▁▁▂▄▅▆▆█ | Tang. Book Value ($M) | $104 | $106 | $106 | $111 | $112 | $113 | $114 | $118 |
| ▁▁▂▂▆▆▇█ | Gross Loans ($M) | $656 | $669 | $678 | $678 | $738 | $741 | $763 | $783 |
| ▂▄▁▃▃▅▇█ | Total Deposits ($M) | $852 | $901 | $825 | $888 | $894 | $940 | $984 | $1,011 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 30% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 9% |