Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.82% | +0.13 | 0.69% |
| Return on Equity (%) | ▲ | 7.36% | +1.05 | 6.31% |
| Net Interest Margin (%) | ▼ | 2.95% | -0.03 | 2.98% |
| Efficiency Ratio (%) | ▼ | 67.21% | +10.06 | 57.15% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.67 | $3 |
| Cost of Funds (%) | ▼ | 2.41% | +0.12 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $931 | +68.85 | $862 |
| Gross Loans ($M) | ▲ | $515 | +75.44 | $440 |
| Loan Growth YoY (%) | ▲ | 64.42% | +4.18 | 60.24% |
| Total Deposits ($M) | ▲ | $792 | +68.81 | $723 |
| Shareholders Equity ($M) | ▲ | $103 | +9.56 | $93 |
| Tang. Book Value ($M) | ▲ | $103 | +9.56 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $120 | +8.02 | $112 |
| Loan / Deposit Ratio (%) | ▲ | 64.42% | +4.18 | 60.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.09 | 0.17% |
| Allowance / Loans (%) | — | 1.04% | 0.03% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.19 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆█▇█▅ | Net Interest Margin (%) | 2.85% | 2.83% | 2.86% | 2.98% | 3.05% | 3.03% | 3.03% | 2.95% |
| ▄▄█▁▃▃▄▄ | Return on Assets (%) | 0.85% | 0.81% | 1.01% | 0.69% | 0.79% | 0.79% | 0.82% | 0.82% |
| ▂▃▁▃▄▄▄█ | Efficiency Ratio (%) | 54.1% | 56.7% | 51.8% | 57.1% | 58.0% | 58.5% | 58.9% | 67.2% |
| ▇▅▄▁▄█▁▄ | Cost of Funds (%) | 2.52% | 2.45% | 2.40% | 2.30% | 2.41% | 2.57% | 2.32% | 2.41% |
| ▁▁▄█▄▃▄▄ | NPA / Assets (%) | 0.01% | 0.01% | 0.08% | 0.17% | 0.09% | 0.07% | 0.08% | 0.08% |
| ▁▁▄█▄▃▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.17% | 0.34% | 0.16% | 0.13% | 0.16% | 0.15% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $84 | $90 | $90 | $93 | $96 | $99 | $103 | $103 |
| ▁▂▃▅▆▆▇█ | Gross Loans ($M) | $344 | $369 | $403 | $440 | $466 | $458 | $484 | $515 |
| ▁▁▃▅▄▅▇█ | Total Deposits ($M) | $647 | $665 | $697 | $723 | $704 | $731 | $773 | $792 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 23% |