Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.67% | -0.08 | 0.75% |
| Return on Equity (%) | ▼ | 7.80% | -0.77 | 8.57% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.29 | 3.35% |
| Efficiency Ratio (%) | ▼ | 66.98% | +3.38 | 63.60% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.46 | $2 |
| Cost of Funds (%) | ▲ | 1.77% | -0.31 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $867 | +177.47 | $689 |
| Gross Loans ($M) | ▲ | $711 | +141.75 | $569 |
| Loan Growth YoY (%) | ▲ | 101.93% | +0.86 | 101.07% |
| Total Deposits ($M) | ▲ | $688 | +131.68 | $557 |
| Shareholders Equity ($M) | ▲ | $81 | +20.93 | $60 |
| Tang. Book Value ($M) | ▲ | $76 | +21.04 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +22.75 | $57 |
| Loan / Deposit Ratio (%) | ▲ | 101.93% | +0.86 | 101.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.01 | 0.27% |
| Allowance / Loans (%) | — | 1.31% | 0.16% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.00 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.15% | +1.03 | 11.13% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇███ | Net Interest Margin (%) | 2.91% | 2.96% | 3.05% | 3.35% | 3.50% | 3.56% | 3.57% | 3.64% |
| ▃▄▅▅▇█▁▂ | Return on Assets (%) | 0.71% | 0.73% | 0.75% | 0.75% | 0.79% | 0.82% | 0.65% | 0.67% |
| ▂▁▁▃▁▁▁█ | Efficiency Ratio (%) | 63.0% | 62.7% | 62.1% | 63.6% | 62.6% | 62.3% | 62.2% | 67.0% |
| ▅█▇▄▃▃▁▁ | Cost of Funds (%) | 2.12% | 2.41% | 2.27% | 2.08% | 1.98% | 2.01% | 1.81% | 1.77% |
| ▁▁▁▅▅▂█▅ | NPA / Assets (%) | 0.01% | 0.01% | 0.03% | 0.27% | 0.25% | 0.07% | 0.47% | 0.26% |
| ▁▁▁▅▅▂█▅ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.03% | 0.32% | 0.30% | 0.09% | 0.55% | 0.32% |
| ▁▁▂▂▃▄▄█ | Tang. Book Value ($M) | $48 | $51 | $54 | $55 | $57 | $59 | $61 | $76 |
| ▁▁▂▂▅▆▇█ | Gross Loans ($M) | $528 | $544 | $563 | $569 | $619 | $654 | $685 | $711 |
| ▁▂▃▄▅▇██ | Total Deposits ($M) | $469 | $512 | $529 | $557 | $602 | $649 | $688 | $688 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 20% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 6% |