Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.41 | 0.65% |
| Return on Equity (%) | ▲ | 9.20% | +3.06 | 6.14% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.24 | 2.78% |
| Efficiency Ratio (%) | ▲ | 59.70% | -10.31 | 70.01% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.99 | $3 |
| Cost of Funds (%) | ▲ | 2.40% | -0.15 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,621 | +179.72 | $1,441 |
| Gross Loans ($M) | ▲ | $1,331 | +104.15 | $1,227 |
| Loan Growth YoY (%) | ▼ | 99.68% | -2.92 | 102.60% |
| Total Deposits ($M) | ▲ | $1,323 | +138.78 | $1,185 |
| Shareholders Equity ($M) | ▲ | $189 | +37.53 | $152 |
| Tang. Book Value ($M) | ▲ | $189 | +37.53 | $152 |
| TBV excl. AOCI ($M)** | ▲ | $193 | +37.38 | $155 |
| Loan / Deposit Ratio (%) | ▼ | 99.68% | -2.92 | 102.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.11% | +1.11 | 0.00% |
| Allowance / Loans (%) | — | 0.92% | -0.05% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 1.35% | +1.35 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.08% | +1.60 | 12.48% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▄▅▆█ | Net Interest Margin (%) | 2.58% | 2.64% | 2.70% | 2.78% | 2.80% | 2.85% | 2.90% | 3.02% |
| ▁▂▃▅▅▅▅█ | Return on Assets (%) | 0.13% | 0.26% | 0.39% | 0.65% | 0.62% | 0.66% | 0.71% | 1.07% |
| █▇▆▃▃▂▂▁ | Efficiency Ratio (%) | 90.6% | 83.2% | 79.9% | 70.0% | 68.6% | 67.3% | 66.3% | 59.7% |
| ▅█▇▃▅▃▁▁ | Cost of Funds (%) | 2.69% | 2.91% | 2.81% | 2.55% | 2.65% | 2.58% | 2.46% | 2.40% |
| ▁▁▁▁▇▇▇█ | NPA / Assets (%) | 0.12% | 0.11% | 0.00% | 0.00% | 0.94% | 0.91% | 0.85% | 1.11% |
| ▁▁▁▁▇▇▇█ | Net Charge-Off Ratio (%) | 0.15% | 0.13% | 0.00% | 0.00% | 1.10% | 1.09% | 1.01% | 1.35% |
| ▁▁▁▂▂▃██ | Tang. Book Value ($M) | $143 | $146 | $148 | $152 | $155 | $158 | $185 | $189 |
| ▁▂▃▄▆▆██ | Gross Loans ($M) | $1,112 | $1,160 | $1,184 | $1,227 | $1,264 | $1,271 | $1,348 | $1,331 |
| ▁▁▂▄▅▆██ | Total Deposits ($M) | $1,091 | $1,096 | $1,133 | $1,185 | $1,229 | $1,245 | $1,318 | $1,323 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 39% |