Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.70% | -0.07 | 1.77% |
| Return on Equity (%) | ▲ | 16.45% | +0.20 | 16.25% |
| Net Interest Margin (%) | ▲ | 4.56% | +0.49 | 4.07% |
| Efficiency Ratio (%) | ▼ | 49.83% | +1.71 | 48.12% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.99 | $6 |
| Cost of Funds (%) | ▲ | 1.97% | -0.31 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,268 | +291.31 | $977 |
| Gross Loans ($M) | ▲ | $1,090 | +290.09 | $800 |
| Loan Growth YoY (%) | ▲ | 98.57% | +5.93 | 92.64% |
| Total Deposits ($M) | ▲ | $1,094 | +240.05 | $854 |
| Shareholders Equity ($M) | ▲ | $126 | +18.66 | $107 |
| Tang. Book Value ($M) | ▲ | $126 | +18.66 | $107 |
| TBV excl. AOCI ($M)** | ▲ | $127 | +18.85 | $108 |
| Loan / Deposit Ratio (%) | ▲ | 98.57% | +5.93 | 92.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.60 | 0.77% |
| Allowance / Loans (%) | — | 1.02% | -0.02% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -0.74 | 0.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▅█ | Net Interest Margin (%) | 3.89% | 3.92% | 3.98% | 4.07% | 4.17% | 4.22% | 4.29% | 4.56% |
| ▁▁▂█▆▇█▆ | Return on Assets (%) | 1.52% | 1.54% | 1.56% | 1.77% | 1.69% | 1.72% | 1.75% | 1.70% |
| ▁▂▁▅▃▃▃█ | Efficiency Ratio (%) | 46.2% | 46.7% | 46.4% | 48.1% | 47.6% | 47.3% | 47.5% | 49.8% |
| █▇▇▃▂▁▁▁ | Cost of Funds (%) | 2.87% | 2.70% | 2.75% | 2.28% | 2.14% | 1.95% | 2.00% | 1.97% |
| ▂▁██▂▂▂▁ | NPA / Assets (%) | 0.31% | 0.23% | 0.81% | 0.77% | 0.32% | 0.33% | 0.31% | 0.17% |
| ▂▁██▃▂▂▁ | Net Charge-Off Ratio (%) | 0.37% | 0.28% | 0.94% | 0.94% | 0.41% | 0.37% | 0.30% | 0.20% |
| ▁▂▄▅▅▇▇█ | Tang. Book Value ($M) | $87 | $92 | $101 | $107 | $111 | $116 | $121 | $126 |
| ▁▁▂▁▁▂▅█ | Gross Loans ($M) | $760 | $777 | $804 | $800 | $784 | $813 | $958 | $1,090 |
| ▁▂▁▃▃▅▅█ | Total Deposits ($M) | $763 | $807 | $774 | $854 | $880 | $961 | $933 | $1,094 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 20% |