Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.59% | +1.69 | 1.90% |
| Return on Equity (%) | ▲ | 36.07% | +14.76 | 21.31% |
| Net Interest Margin (%) | ▲ | 4.91% | +0.69 | 4.21% |
| Efficiency Ratio (%) | ▼ | 22.41% | +1.14 | 21.26% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.96 | $7 |
| Cost of Funds (%) | ▲ | 3.30% | -0.30 | 3.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,059 | +172.77 | $887 |
| Gross Loans ($M) | ▲ | $846 | +135.65 | $711 |
| Loan Growth YoY (%) | ▲ | 86.44% | +1.29 | 85.15% |
| Total Deposits ($M) | ▲ | $946 | +141.32 | $804 |
| Shareholders Equity ($M) | ▲ | $111 | +31.42 | $79 |
| Tang. Book Value ($M) | ▲ | $111 | +31.42 | $79 |
| TBV excl. AOCI ($M)** | ▲ | $119 | +32.24 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 86.44% | +1.29 | 85.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.37% | -0.34 | 1.72% |
| Allowance / Loans (%) | — | 3.42% | -0.21% | 3.63% |
| Net Charge-Off Ratio (%) | ▲ | 1.72% | -0.42 | 2.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.59% | +1.46 | 11.13% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▇█ | Net Interest Margin (%) | 4.11% | 4.15% | 4.16% | 4.21% | 4.47% | 4.59% | 4.73% | 4.91% |
| ▄▃▁▁▁▂▃█ | Return on Assets (%) | 2.72% | 2.53% | 2.10% | 1.90% | 2.01% | 2.25% | 2.43% | 3.59% |
| ▆▃█▂▂▁▁▇ | Efficiency Ratio (%) | 22.1% | 21.5% | 22.7% | 21.3% | 21.3% | 21.1% | 21.0% | 22.4% |
| ▅█▅▄▃▃▄▁ | Cost of Funds (%) | 3.62% | 3.93% | 3.65% | 3.60% | 3.50% | 3.50% | 3.57% | 3.30% |
| ▇▄▁▇▇█▆▄ | NPA / Assets (%) | 1.76% | 1.34% | 0.93% | 1.72% | 1.78% | 1.91% | 1.56% | 1.37% |
| ▇▄▁▇▇█▆▄ | Net Charge-Off Ratio (%) | 2.18% | 1.76% | 1.18% | 2.14% | 2.17% | 2.34% | 1.97% | 1.72% |
| ▁▂▁▂▂▅▆█ | Tang. Book Value ($M) | $75 | $80 | $75 | $79 | $84 | $94 | $102 | $111 |
| ▁▁▂▄▆███ | Gross Loans ($M) | $602 | $599 | $667 | $711 | $798 | $870 | $853 | $846 |
| ▁▁▃▄▆███ | Total Deposits ($M) | $668 | $704 | $765 | $804 | $886 | $969 | $968 | $946 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 4% |
| C&I / Commercial | 64% |
| Other | 32% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 26% |