Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.55% | +0.30 | 0.25% |
| Return on Equity (%) | ▲ | 4.19% | +2.23 | 1.96% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.43 | 2.71% |
| Efficiency Ratio (%) | ▲ | 77.25% | -0.66 | 77.90% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $1 |
| Cost of Funds (%) | ▲ | 2.66% | -0.16 | 2.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $602 | +33.06 | $569 |
| Gross Loans ($M) | ▲ | $366 | +96.09 | $270 |
| Loan Growth YoY (%) | ▲ | 71.29% | +8.02 | 63.27% |
| Total Deposits ($M) | ▲ | $507 | +85.77 | $421 |
| Shareholders Equity ($M) | ▲ | $78 | +5.86 | $72 |
| Tang. Book Value ($M) | ▲ | $78 | +5.86 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $89 | +2.54 | $86 |
| Loan / Deposit Ratio (%) | ▲ | 71.29% | +8.02 | 63.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.52% | -0.19 | 0.71% |
| Allowance / Loans (%) | — | 1.17% | 0.01% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.85% | -0.65 | 1.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.51% | -1.58 | 18.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.05% | 2.19% | 2.30% | 2.71% | 2.77% | 2.86% | 2.92% | 3.15% |
| ▁▂▃▅▅▆██ | Return on Assets (%) | -0.23% | -0.09% | 0.01% | 0.25% | 0.27% | 0.34% | 0.66% | 0.55% |
| █▇▇▁▁▁▃▁ | Efficiency Ratio (%) | 106.1% | 100.0% | 99.1% | 77.9% | 80.7% | 80.4% | 84.5% | 77.2% |
| ██▅▂▅▆▅▁ | Cost of Funds (%) | 3.58% | 3.59% | 3.24% | 2.83% | 3.18% | 3.28% | 3.17% | 2.66% |
| █▅▃▃▃▂▁▁ | NPA / Assets (%) | 1.50% | 1.02% | 0.83% | 0.71% | 0.69% | 0.66% | 0.42% | 0.52% |
| █▆▄▃▂▂▁▁ | Net Charge-Off Ratio (%) | 3.69% | 2.64% | 2.12% | 1.50% | 1.33% | 1.15% | 0.71% | 0.85% |
| ▁▄▂▄▄▆██ | Tang. Book Value ($M) | $68 | $72 | $69 | $72 | $73 | $76 | $79 | $78 |
| ▁▁▁▄▅▇██ | Gross Loans ($M) | $222 | $210 | $209 | $270 | $304 | $333 | $351 | $366 |
| ▁▁▄▃▄▆██ | Total Deposits ($M) | $377 | $392 | $434 | $421 | $436 | $460 | $494 | $507 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 30% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 41% |
| Brokered / Other | 44% |