Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.42 | 0.78% |
| Return on Equity (%) | ▲ | 12.61% | +3.19 | 9.42% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.58 | 3.66% |
| Efficiency Ratio (%) | ▲ | 59.50% | -10.27 | 69.77% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.98 | $2 |
| Cost of Funds (%) | ▲ | 1.50% | -0.50 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $651 | +14.42 | $637 |
| Gross Loans ($M) | ▲ | $492 | +29.53 | $463 |
| Loan Growth YoY (%) | ▲ | 83.00% | +4.10 | 78.89% |
| Total Deposits ($M) | ▲ | $587 | +6.14 | $581 |
| Shareholders Equity ($M) | ▲ | $61 | +8.54 | $52 |
| Tang. Book Value ($M) | ▲ | $61 | +8.54 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 83.00% | +4.10 | 78.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.25% | +0.24 | 0.00% |
| Allowance / Loans (%) | — | 1.00% | 0.06% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.32 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.27% | +1.09 | 11.18% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆███ | Net Interest Margin (%) | 3.22% | 3.27% | 3.37% | 3.66% | 3.97% | 4.13% | 4.24% | 4.24% |
| ▁▁▂▄▆▇██ | Return on Assets (%) | 0.37% | 0.47% | 0.55% | 0.78% | 0.96% | 1.07% | 1.20% | 1.19% |
| █▇▇▄▃▂▁▁ | Efficiency Ratio (%) | 82.8% | 79.8% | 77.0% | 69.8% | 65.6% | 63.5% | 61.9% | 59.5% |
| ▇█▇▅▅▃▂▁ | Cost of Funds (%) | 2.27% | 2.40% | 2.21% | 2.00% | 2.03% | 1.74% | 1.62% | 1.50% |
| ▁▁▁▁▁▃▃█ | NPA / Assets (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.08% | 0.06% | 0.25% |
| ▁▁▁▁▁▃▂█ | Net Charge-Off Ratio (%) | 0.02% | 0.01% | 0.01% | 0.00% | 0.00% | 0.11% | 0.08% | 0.32% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $48 | $50 | $51 | $52 | $54 | $56 | $59 | $61 |
| ▁▁▂▄▆▇██ | Gross Loans ($M) | $447 | $442 | $454 | $463 | $480 | $484 | $489 | $492 |
| ▁▃▅█▁▄▄█ | Total Deposits ($M) | $522 | $540 | $559 | $581 | $530 | $551 | $550 | $587 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 14% |