Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.46 | 0.97% |
| Return on Equity (%) | ▲ | 12.98% | +3.33 | 9.65% |
| Net Interest Margin (%) | ▲ | 4.68% | +0.15 | 4.53% |
| Efficiency Ratio (%) | ▲ | 53.10% | -2.53 | 55.64% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.14 | $6 |
| Cost of Funds (%) | ▲ | 1.52% | -0.42 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,351 | +67.80 | $1,283 |
| Gross Loans ($M) | ▲ | $1,130 | +53.08 | $1,077 |
| Loan Growth YoY (%) | ▲ | 93.88% | +0.62 | 93.26% |
| Total Deposits ($M) | ▲ | $1,190 | +48.99 | $1,141 |
| Shareholders Equity ($M) | ▲ | $147 | +17.87 | $129 |
| Tang. Book Value ($M) | ▲ | $147 | +17.87 | $129 |
| TBV excl. AOCI ($M)** | ▲ | $148 | +17.13 | $131 |
| Loan / Deposit Ratio (%) | ▲ | 93.88% | +0.62 | 93.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.47 | 0.06% |
| Allowance / Loans (%) | — | 1.12% | -0.05% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.64% | +0.57 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▂▄▁▆███ | Net Interest Margin (%) | 4.62% | 4.57% | 4.60% | 4.53% | 4.64% | 4.70% | 4.69% | 4.68% |
| ▁▁▂▁▂▄▄█ | Return on Assets (%) | 0.92% | 0.97% | 0.99% | 0.97% | 1.04% | 1.11% | 1.17% | 1.43% |
| █▇█▆▅▃▅▁ | Efficiency Ratio (%) | 56.7% | 56.2% | 56.3% | 55.6% | 55.2% | 54.1% | 55.2% | 53.1% |
| ███▅▄▄▃▁ | Cost of Funds (%) | 2.29% | 2.30% | 2.21% | 1.95% | 1.91% | 1.87% | 1.75% | 1.52% |
| ▃▃▃▁▁▆▅█ | NPA / Assets (%) | 0.18% | 0.18% | 0.17% | 0.06% | 0.02% | 0.36% | 0.30% | 0.53% |
| ▃▃▃▁▁▆▅█ | Net Charge-Off Ratio (%) | 0.21% | 0.22% | 0.20% | 0.07% | 0.03% | 0.42% | 0.34% | 0.64% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $118 | $122 | $125 | $129 | $133 | $137 | $142 | $147 |
| ▁▂▃▅▆▇▇█ | Gross Loans ($M) | $1,012 | $1,031 | $1,055 | $1,077 | $1,100 | $1,107 | $1,115 | $1,130 |
| ▁▆▅▆▄▆▅█ | Total Deposits ($M) | $1,022 | $1,137 | $1,114 | $1,141 | $1,102 | $1,141 | $1,122 | $1,190 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 30% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 6% |