Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.30% | -0.01 | 1.31% |
| Return on Equity (%) | ▼ | 16.50% | -2.49 | 18.99% |
| Net Interest Margin (%) | ▼ | 3.76% | -0.02 | 3.78% |
| Efficiency Ratio (%) | ▼ | 59.98% | +9.23 | 50.75% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.86 | $6 |
| Cost of Funds (%) | ▲ | 1.28% | -0.04 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,251 | +54.24 | $1,197 |
| Gross Loans ($M) | ▲ | $846 | +62.35 | $784 |
| Loan Growth YoY (%) | ▲ | 73.06% | +2.78 | 70.28% |
| Total Deposits ($M) | ▲ | $1,146 | +41.82 | $1,104 |
| Shareholders Equity ($M) | ▲ | $96 | +13.38 | $83 |
| Tang. Book Value ($M) | ▲ | $96 | +13.45 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $108 | +14.74 | $93 |
| Loan / Deposit Ratio (%) | ▲ | 73.06% | +2.78 | 70.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.14 | 0.00% |
| Allowance / Loans (%) | — | 1.05% | 0.05% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.21 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.04% | +0.93 | 11.11% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃█▇▆▇█ | Net Interest Margin (%) | 3.43% | 3.48% | 3.53% | 3.78% | 3.73% | 3.69% | 3.72% | 3.76% |
| ▁▁▁███▇█ | Return on Assets (%) | 1.12% | 1.11% | 1.12% | 1.31% | 1.32% | 1.31% | 1.29% | 1.30% |
| ▆▆▇▁▃▂▂█ | Efficiency Ratio (%) | 56.7% | 57.0% | 57.9% | 50.7% | 53.5% | 52.8% | 52.6% | 60.0% |
| ██▄▁▃▅▃▁ | Cost of Funds (%) | 1.69% | 1.65% | 1.47% | 1.32% | 1.43% | 1.52% | 1.43% | 1.28% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.14% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.21% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $74 | $80 | $79 | $82 | $87 | $92 | $97 | $96 |
| ▁▁▁▃▃▄▆█ | Gross Loans ($M) | $758 | $764 | $754 | $784 | $779 | $796 | $821 | $846 |
| ▁▂▄▆▇█▆█ | Total Deposits ($M) | $1,003 | $1,027 | $1,063 | $1,104 | $1,113 | $1,141 | $1,095 | $1,146 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 18% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 26% |