Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.21 | 0.83% |
| Return on Equity (%) | ▲ | 12.29% | +1.45 | 10.84% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.15 | 3.08% |
| Efficiency Ratio (%) | ▲ | 59.99% | -4.83 | 64.82% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.39 | $5 |
| Cost of Funds (%) | ▲ | 1.93% | -0.17 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,929 | +64.04 | $1,865 |
| Gross Loans ($M) | ▲ | $1,479 | +99.80 | $1,379 |
| Loan Growth YoY (%) | ▲ | 91.77% | +4.88 | 86.89% |
| Total Deposits ($M) | ▲ | $1,597 | +23.69 | $1,573 |
| Shareholders Equity ($M) | ▲ | $166 | +22.54 | $144 |
| Tang. Book Value ($M) | ▲ | $161 | +22.63 | $138 |
| TBV excl. AOCI ($M)** | ▲ | $175 | +22.06 | $153 |
| Loan / Deposit Ratio (%) | ▲ | 91.77% | +4.88 | 86.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.95% | 0.03% | 0.92% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.37% | +0.54 | 10.83% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 2.70% | 2.75% | 2.84% | 3.08% | 3.12% | 3.21% | 3.25% | 3.23% |
| ▁▁▂▅▅▆▆█ | Return on Assets (%) | 0.61% | 0.64% | 0.68% | 0.83% | 0.87% | 0.92% | 0.93% | 1.05% |
| █▇▆▄▃▂▁▁ | Efficiency Ratio (%) | 71.9% | 69.9% | 68.4% | 64.8% | 63.8% | 62.8% | 61.4% | 60.0% |
| ▇█▆▃▃▃▁▁ | Cost of Funds (%) | 2.42% | 2.49% | 2.34% | 2.10% | 2.11% | 2.10% | 1.95% | 1.93% |
| ▄▄█▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $125 | $132 | $132 | $138 | $142 | $150 | $156 | $161 |
| ▁▂▄▅▇▇██ | Gross Loans ($M) | $1,221 | $1,284 | $1,337 | $1,379 | $1,435 | $1,425 | $1,471 | $1,479 |
| ▁▃▂▇█▇▆█ | Total Deposits ($M) | $1,417 | $1,477 | $1,466 | $1,573 | $1,619 | $1,592 | $1,557 | $1,597 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |