Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.49% | -0.12 | 1.62% |
| Return on Equity (%) | ▼ | 13.78% | -1.79 | 15.57% |
| Net Interest Margin (%) | ▼ | 3.50% | -0.14 | 3.64% |
| Efficiency Ratio (%) | ▼ | 45.31% | +0.96 | 44.35% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.10 | $7 |
| Cost of Funds (%) | ▲ | 1.89% | -0.09 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,495 | +45.53 | $1,450 |
| Gross Loans ($M) | ▲ | $947 | +58.23 | $889 |
| Loan Growth YoY (%) | ▲ | 71.69% | +3.92 | 67.77% |
| Total Deposits ($M) | ▲ | $1,305 | +8.71 | $1,296 |
| Shareholders Equity ($M) | ▲ | $167 | +19.44 | $148 |
| Tang. Book Value ($M) | ▲ | $167 | +19.44 | $148 |
| TBV excl. AOCI ($M)** | ▲ | $173 | +17.89 | $155 |
| Loan / Deposit Ratio (%) | ▲ | 71.69% | +3.92 | 67.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Allowance / Loans (%) | — | 1.17% | 0.06% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.51% | +0.88 | 15.63% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆█▅▅▅▆▁ | Net Interest Margin (%) | 3.62% | 3.67% | 3.74% | 3.64% | 3.64% | 3.64% | 3.66% | 3.50% |
| ▁▃▅████▆ | Return on Assets (%) | 1.17% | 1.33% | 1.42% | 1.62% | 1.65% | 1.64% | 1.62% | 1.49% |
| █▅▅▃▂▁▁▅ | Efficiency Ratio (%) | 47.1% | 45.1% | 45.1% | 44.3% | 43.7% | 43.0% | 43.3% | 45.3% |
| █▆▆▂▄▄▄▁ | Cost of Funds (%) | 2.53% | 2.36% | 2.32% | 1.98% | 2.17% | 2.15% | 2.15% | 1.89% |
| ████▁▁▁▁ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
| ████▁▁▁▁ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $129 | $138 | $143 | $148 | $149 | $155 | $162 | $167 |
| ▁▃▄▄▄▇██ | Gross Loans ($M) | $830 | $870 | $887 | $889 | $887 | $928 | $947 | $947 |
| ▁▆▂▆▅██▆ | Total Deposits ($M) | $1,159 | $1,295 | $1,203 | $1,296 | $1,265 | $1,361 | $1,359 | $1,305 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 59% |
| C&I / Commercial | 32% |
| Consumer | 3% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 4% |