Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.71% | +0.06 | 1.65% |
| Return on Equity (%) | ▲ | 24.91% | +4.12 | 20.79% |
| Net Interest Margin (%) | ▼ | 3.32% | -0.51 | 3.83% |
| Efficiency Ratio (%) | ▼ | 52.64% | +9.07 | 43.58% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.13 | $6 |
| Cost of Funds (%) | ▼ | 2.35% | +0.01 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,611 | +500.17 | $1,111 |
| Gross Loans ($M) | ▲ | $916 | +149.59 | $767 |
| Loan Growth YoY (%) | ▼ | 73.23% | -9.09 | 82.31% |
| Total Deposits ($M) | ▲ | $1,233 | +315.15 | $918 |
| Shareholders Equity ($M) | ▲ | $110 | +18.48 | $91 |
| Tang. Book Value ($M) | ▲ | $110 | +18.48 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $141 | +35.20 | $106 |
| Loan / Deposit Ratio (%) | ▼ | 73.23% | -9.09 | 82.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.43% | -0.07 | 0.50% |
| Allowance / Loans (%) | — | 1.44% | 0.01% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.65% | -0.08 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -13.36 | 13.36% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃█▇▇▅▃ | Net Interest Margin (%) | 3.12% | 3.25% | 3.36% | 3.83% | 3.70% | 3.70% | 3.53% | 3.32% |
| ▁▃▄▅▇█▇▆ | Return on Assets (%) | 1.18% | 1.40% | 1.50% | 1.65% | 1.82% | 1.97% | 1.86% | 1.71% |
| ▃▁▁▁▃▄▅█ | Efficiency Ratio (%) | 45.8% | 43.1% | 42.4% | 43.6% | 45.3% | 46.8% | 47.7% | 52.6% |
| ██▃▃▅▄▁▄ | Cost of Funds (%) | 2.64% | 2.63% | 2.32% | 2.34% | 2.46% | 2.39% | 2.17% | 2.35% |
| ▁▃▂▃▂█▁▂ | NPA / Assets (%) | 0.37% | 0.52% | 0.44% | 0.50% | 0.44% | 0.91% | 0.36% | 0.43% |
| ▁▂▁▂▂█▁▁ | Net Charge-Off Ratio (%) | 0.58% | 0.76% | 0.65% | 0.73% | 0.73% | 1.39% | 0.67% | 0.65% |
| ▁▂▂▃▃▇██ | Tang. Book Value ($M) | $84 | $90 | $89 | $91 | $93 | $106 | $107 | $110 |
| ▂▃▂▁▁▁▄█ | Gross Loans ($M) | $793 | $798 | $793 | $767 | $755 | $764 | $829 | $916 |
| ▁▃▁▁▅▃▆█ | Total Deposits ($M) | $942 | $1,018 | $935 | $918 | $1,104 | $1,021 | $1,125 | $1,233 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 15% |