Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.80 | 0.47% |
| Return on Equity (%) | ▲ | 14.02% | +8.84 | 5.18% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.61 | 3.22% |
| Efficiency Ratio (%) | ▲ | 50.94% | -15.11 | 66.06% |
| Pre-Provision Profit ($M) | ▲ | $8 | +5.57 | $3 |
| Cost of Funds (%) | ▲ | 3.20% | -0.20 | 3.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,751 | +719.52 | $1,032 |
| Gross Loans ($M) | ▲ | $1,531 | +657.81 | $873 |
| Loan Growth YoY (%) | ▲ | 99.58% | +0.31 | 99.27% |
| Total Deposits ($M) | ▲ | $1,522 | +650.79 | $871 |
| Shareholders Equity ($M) | ▲ | $163 | +68.02 | $95 |
| Tang. Book Value ($M) | ▲ | $161 | +66.71 | $94 |
| Loan / Deposit Ratio (%) | ▲ | 99.58% | +0.31 | 99.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 1.03% | 0.03% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.95% | +0.11 | 9.84% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▅▆▇█ | Net Interest Margin (%) | 3.10% | 3.09% | 3.19% | 3.22% | 3.48% | 3.59% | 3.65% | 3.83% |
| ▁▂▃▃▄▆▆█ | Return on Assets (%) | 0.10% | 0.29% | 0.47% | 0.47% | 0.63% | 0.86% | 0.94% | 1.27% |
| █▇▆▅▃▂▁▁ | Efficiency Ratio (%) | 79.2% | 73.6% | 68.9% | 66.1% | 60.4% | 55.5% | 52.8% | 50.9% |
| ▆▅█▆▄▃▁▂ | Cost of Funds (%) | 3.44% | 3.37% | 3.56% | 3.40% | 3.28% | 3.25% | 3.08% | 3.20% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
| ▁▁▂▃▄▅▇█ | Tang. Book Value ($M) | $61 | $72 | $79 | $94 | $106 | $120 | $142 | $161 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $609 | $702 | $769 | $873 | $1,022 | $1,182 | $1,406 | $1,531 |
| ▁▂▂▃▄▆▇█ | Total Deposits ($M) | $621 | $782 | $786 | $871 | $1,006 | $1,198 | $1,358 | $1,522 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 53% |
| C&I / Commercial | 25% |
| Consumer | 22% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 20% |