Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.93% | -0.09 | 2.01% |
| Return on Equity (%) | ▼ | 20.24% | -2.15 | 22.39% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.01 | 4.31% |
| Efficiency Ratio (%) | ▼ | 52.25% | +2.26 | 49.99% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.27 | $4 |
| Cost of Funds (%) | ▲ | 2.02% | -0.08 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $778 | +91.63 | $687 |
| Gross Loans ($M) | ▲ | $564 | +97.90 | $466 |
| Loan Growth YoY (%) | ▲ | 79.82% | +5.39 | 74.43% |
| Total Deposits ($M) | ▲ | $699 | +80.33 | $619 |
| Shareholders Equity ($M) | ▲ | $74 | +11.00 | $63 |
| Tang. Book Value ($M) | ▲ | $74 | +11.00 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +11.31 | $67 |
| Loan / Deposit Ratio (%) | ▲ | 79.82% | +5.39 | 74.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.14 | 0.16% |
| Allowance / Loans (%) | — | 1.05% | -0.13% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.15 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▁▃▅▇██▅ | Net Interest Margin (%) | 4.27% | 4.09% | 4.21% | 4.31% | 4.39% | 4.44% | 4.49% | 4.31% |
| ▁▁▁▇███▆ | Return on Assets (%) | 1.56% | 1.61% | 1.60% | 2.01% | 2.07% | 2.08% | 2.08% | 1.93% |
| █▆▇▁▁▁▁▃ | Efficiency Ratio (%) | 61.3% | 58.2% | 59.2% | 50.0% | 49.1% | 49.2% | 50.1% | 52.3% |
| ▄▅█▂▂▃▄▁ | Cost of Funds (%) | 2.20% | 2.26% | 2.40% | 2.11% | 2.10% | 2.15% | 2.19% | 2.02% |
| ▅▁▁▄▆▃▅█ | NPA / Assets (%) | 0.20% | 0.06% | 0.09% | 0.16% | 0.23% | 0.15% | 0.19% | 0.30% |
| ▃▁▁▄▅▁▄█ | Net Charge-Off Ratio (%) | 0.17% | 0.08% | 0.09% | 0.20% | 0.21% | 0.06% | 0.20% | 0.36% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $55 | $59 | $59 | $63 | $65 | $68 | $71 | $74 |
| ▁▁▂▃▅▆██ | Gross Loans ($M) | $410 | $422 | $439 | $466 | $497 | $515 | $545 | $564 |
| ▁▄▃▄▆▇▇█ | Total Deposits ($M) | $568 | $620 | $602 | $619 | $651 | $670 | $666 | $699 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 18% |