Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.15 | 0.70% |
| Return on Equity (%) | ▲ | 8.86% | +2.26 | 6.60% |
| Net Interest Margin (%) | ▼ | 3.47% | -0.00 | 3.47% |
| Efficiency Ratio (%) | ▲ | 57.91% | -8.14 | 66.05% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.95 | $1 |
| Cost of Funds (%) | ▲ | 2.83% | -0.25 | 3.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $641 | +172.09 | $469 |
| Gross Loans ($M) | ▲ | $562 | +156.86 | $405 |
| Loan Growth YoY (%) | ▲ | 100.28% | +1.72 | 98.56% |
| Total Deposits ($M) | ▲ | $553 | +147.94 | $405 |
| Shareholders Equity ($M) | ▲ | $65 | +14.37 | $50 |
| Tang. Book Value ($M) | ▲ | $62 | +14.37 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +15.09 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 100.28% | +1.72 | 98.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.16 | 0.39% |
| Allowance / Loans (%) | — | 1.19% | -0.08% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.18 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.46% | -1.20 | 12.66% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▁▄█▇▁ | Net Interest Margin (%) | 3.55% | 3.57% | 3.54% | 3.47% | 3.65% | 3.96% | 3.85% | 3.47% |
| ▁▁▁▅▆██▇ | Return on Assets (%) | 0.24% | 0.31% | 0.30% | 0.70% | 0.78% | 1.00% | 0.98% | 0.85% |
| ██▇▃▂▁▁▁ | Efficiency Ratio (%) | 85.5% | 81.9% | 78.7% | 66.0% | 62.2% | 58.7% | 55.9% | 57.9% |
| ▅█▄▅▄▄▁▂ | Cost of Funds (%) | 3.06% | 3.42% | 3.01% | 3.08% | 2.97% | 3.01% | 2.63% | 2.83% |
| ▁▃█▂▆▄▄▅ | NPA / Assets (%) | 0.33% | 0.46% | 0.75% | 0.39% | 0.61% | 0.51% | 0.54% | 0.56% |
| ▁▃█▂▆▄▅▅ | Net Charge-Off Ratio (%) | 0.38% | 0.54% | 0.87% | 0.45% | 0.70% | 0.60% | 0.63% | 0.63% |
| ▁▂▃▄▄▅▇█ | Tang. Book Value ($M) | $37 | $43 | $46 | $48 | $49 | $53 | $56 | $62 |
| ▁▁▃▄▅▆██ | Gross Loans ($M) | $305 | $337 | $395 | $405 | $450 | $481 | $551 | $562 |
| ▁▂▃▃▅▆██ | Total Deposits ($M) | $309 | $346 | $395 | $405 | $458 | $503 | $575 | $553 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 36% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 26% |