Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.52% | +0.12 | 0.40% |
| Return on Equity (%) | ▲ | 6.60% | +1.03 | 5.57% |
| Net Interest Margin (%) | ▲ | 2.52% | +0.08 | 2.44% |
| Efficiency Ratio (%) | ▲ | 70.19% | -9.14 | 79.33% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.79 | $1 |
| Cost of Funds (%) | ▲ | 2.80% | -0.07 | 2.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $972 | +134.96 | $837 |
| Gross Loans ($M) | ▲ | $856 | +104.76 | $752 |
| Loan Growth YoY (%) | ▲ | 111.14% | +0.30 | 110.84% |
| Total Deposits ($M) | ▲ | $763 | +90.08 | $673 |
| Shareholders Equity ($M) | ▲ | $77 | +16.55 | $61 |
| Tang. Book Value ($M) | ▲ | $77 | +16.55 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $79 | +16.54 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 111.14% | +0.30 | 110.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.03 | 0.04% |
| Allowance / Loans (%) | — | 1.00% | 0.21% | 0.80% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.03 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.72% | +1.34 | 9.38% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▇██▇ | Net Interest Margin (%) | 2.31% | 2.37% | 2.37% | 2.44% | 2.54% | 2.55% | 2.58% | 2.52% |
| ▁▂▃▆▆█▆█ | Return on Assets (%) | 0.15% | 0.21% | 0.26% | 0.40% | 0.41% | 0.48% | 0.38% | 0.52% |
| █▇▆▄▃▁▁▁ | Efficiency Ratio (%) | 89.3% | 86.7% | 83.8% | 79.3% | 76.7% | 72.1% | 70.8% | 70.2% |
| ▄█▄▂▄▃▆▁ | Cost of Funds (%) | 2.94% | 3.16% | 2.95% | 2.87% | 2.94% | 2.92% | 3.03% | 2.80% |
| ▁▁▁██▂▂▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.04% | 0.03% | 0.01% | 0.01% | 0.01% |
| ▁▁▁██▂▂▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.04% | 0.04% | 0.01% | 0.01% | 0.01% |
| ▁▁▂▄▅███ | Tang. Book Value ($M) | $50 | $53 | $55 | $61 | $64 | $76 | $76 | $77 |
| ▁▁▃▅▆███ | Gross Loans ($M) | $626 | $649 | $692 | $752 | $795 | $839 | $848 | $856 |
| ▁▂▃▅▅███ | Total Deposits ($M) | $544 | $588 | $609 | $673 | $676 | $767 | $748 | $763 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 6% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 18% |