Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.82 | 0.35% |
| Return on Equity (%) | ▲ | 14.78% | +9.87 | 4.91% |
| Net Interest Margin (%) | ▲ | 2.79% | +0.95 | 1.83% |
| Efficiency Ratio (%) | ▲ | 53.41% | -27.91 | 81.31% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.66 | $1 |
| Cost of Funds (%) | ▲ | 2.00% | -0.45 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,030 | +100.01 | $930 |
| Gross Loans ($M) | ▲ | $498 | +88.85 | $410 |
| Loan Growth YoY (%) | ▲ | 59.23% | +8.48 | 50.75% |
| Total Deposits ($M) | ▲ | $836 | +34.65 | $801 |
| Shareholders Equity ($M) | ▲ | $78 | +12.33 | $66 |
| Tang. Book Value ($M) | ▲ | $77 | +12.37 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $102 | +13.65 | $89 |
| Loan / Deposit Ratio (%) | ▲ | 59.23% | +8.48 | 50.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.28% | -0.16 | 1.44% |
| Allowance / Loans (%) | — | 0.71% | -0.06% | 0.78% |
| Net Charge-Off Ratio (%) | ▲ | 2.28% | -0.54 | 2.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▅▁▄▅▆█ | Net Interest Margin (%) | 2.32% | 2.36% | 2.37% | 1.83% | 2.22% | 2.38% | 2.53% | 2.79% |
| ▃▄▅▁▄▆▇█ | Return on Assets (%) | 0.62% | 0.73% | 0.84% | 0.35% | 0.74% | 0.91% | 1.00% | 1.16% |
| ▅▄▄█▅▃▂▁ | Efficiency Ratio (%) | 69.2% | 67.0% | 64.6% | 81.3% | 67.8% | 63.5% | 59.0% | 53.4% |
| ████▄▃▃▁ | Cost of Funds (%) | 2.44% | 2.41% | 2.40% | 2.44% | 2.17% | 2.15% | 2.12% | 2.00% |
| ▁██████▇ | NPA / Assets (%) | 0.27% | 1.37% | 1.40% | 1.44% | 1.39% | 1.32% | 1.32% | 1.28% |
| ▁█████▇▇ | Net Charge-Off Ratio (%) | 0.18% | 2.72% | 2.75% | 2.83% | 2.75% | 2.60% | 2.47% | 2.28% |
| ▁▅▄▄▃▇█▇ | Tang. Book Value ($M) | $54 | $70 | $65 | $65 | $64 | $75 | $82 | $77 |
| ▁▁▁▁▃▄▆█ | Gross Loans ($M) | $407 | $410 | $415 | $410 | $430 | $443 | $467 | $498 |
| ▁▁▂▂▆▇█▇ | Total Deposits ($M) | $793 | $790 | $804 | $801 | $829 | $839 | $849 | $836 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 20% |
| Consumer | 6% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 16% |