Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +1.30 | 0.10% |
| Return on Equity (%) | ▲ | 15.46% | +14.26 | 1.20% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.57 | 3.00% |
| Efficiency Ratio (%) | ▲ | 75.60% | -18.47 | 94.08% |
| Pre-Provision Profit ($M) | ▲ | $5 | +4.20 | $1 |
| Cost of Funds (%) | ▼ | 2.39% | +0.08 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,532 | +593.29 | $939 |
| Gross Loans ($M) | ▲ | $1,179 | +473.22 | $706 |
| Loan Growth YoY (%) | ▲ | 85.40% | +2.10 | 83.30% |
| Total Deposits ($M) | ▲ | $1,369 | +528.57 | $840 |
| Shareholders Equity ($M) | ▲ | $142 | +52.97 | $89 |
| Tang. Book Value ($M) | ▲ | $139 | +50.16 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $152 | +56.20 | $95 |
| Loan / Deposit Ratio (%) | ▲ | 85.40% | +2.10 | 83.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.61 | 1.00% |
| Allowance / Loans (%) | — | 0.83% | 0.04% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.48% | -0.85 | 1.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.26% | -2.94 | 13.20% |
Noninterest income ($6.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 2.65% | 2.65% | 2.78% | 3.00% | 3.24% | 3.30% | 3.38% | 3.58% |
| ▁▁▁▁▂▃█▅ | Return on Assets (%) | 0.11% | 0.08% | 0.02% | 0.10% | 0.66% | 0.88% | 2.71% | 1.40% |
| ███▇▃▁▁▁ | Efficiency Ratio (%) | 96.9% | 97.7% | 98.7% | 94.1% | 82.9% | 77.6% | 75.6% | 75.6% |
| █▇▃▁▆▅▂▁ | Cost of Funds (%) | 3.09% | 2.97% | 2.57% | 2.30% | 2.87% | 2.73% | 2.43% | 2.39% |
| ▁▂▄▇██▂▂ | NPA / Assets (%) | 0.14% | 0.30% | 0.68% | 1.00% | 1.21% | 1.20% | 0.39% | 0.39% |
| ▁▂▄▇██▂▂ | Net Charge-Off Ratio (%) | 0.19% | 0.41% | 0.91% | 1.33% | 1.66% | 1.59% | 0.55% | 0.48% |
| ▁▁▁▄▅▆██ | Tang. Book Value ($M) | $56 | $60 | $58 | $89 | $103 | $114 | $136 | $139 |
| ▁▁▁▂▅▇██ | Gross Loans ($M) | $618 | $636 | $644 | $706 | $962 | $1,045 | $1,113 | $1,179 |
| ▁▁▁▁▆▇██ | Total Deposits ($M) | $770 | $803 | $802 | $840 | $1,193 | $1,273 | $1,424 | $1,369 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 23% |
| Consumer | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 3% |