Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.21 | 1.25% |
| Return on Equity (%) | ▲ | 11.12% | +1.25 | 9.87% |
| Net Interest Margin (%) | ▲ | 4.50% | +0.53 | 3.97% |
| Efficiency Ratio (%) | ▲ | 52.82% | -6.34 | 59.16% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.92 | $5 |
| Cost of Funds (%) | ▲ | 1.52% | -0.11 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,152 | +83.77 | $1,068 |
| Gross Loans ($M) | ▲ | $906 | +104.20 | $802 |
| Loan Growth YoY (%) | ▲ | 90.37% | +4.40 | 85.97% |
| Total Deposits ($M) | ▲ | $986 | +67.80 | $918 |
| Shareholders Equity ($M) | ▲ | $150 | +14.71 | $135 |
| Tang. Book Value ($M) | ▲ | $149 | +14.82 | $134 |
| TBV excl. AOCI ($M)** | ▲ | $157 | +13.97 | $143 |
| Loan / Deposit Ratio (%) | ▲ | 90.37% | +4.40 | 85.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.07 | 0.23% |
| Allowance / Loans (%) | — | 1.70% | 0.10% | 1.60% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.00 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆▆█ | Net Interest Margin (%) | 3.78% | 3.81% | 3.86% | 3.97% | 4.13% | 4.25% | 4.31% | 4.50% |
| ▁▃▄▃▄▆█▇ | Return on Assets (%) | 1.14% | 1.28% | 1.31% | 1.25% | 1.32% | 1.42% | 1.53% | 1.46% |
| ██▆▆▅▃▃▁ | Efficiency Ratio (%) | 62.5% | 61.7% | 60.0% | 59.2% | 58.0% | 56.2% | 55.4% | 52.8% |
| ▁▄█▅▃▂▄▁ | Cost of Funds (%) | 1.51% | 1.62% | 1.74% | 1.63% | 1.58% | 1.54% | 1.60% | 1.52% |
| ▁▁▂▄▇▄▅█ | NPA / Assets (%) | 0.17% | 0.15% | 0.17% | 0.23% | 0.27% | 0.22% | 0.23% | 0.30% |
| ▁▁▂▆█▅▅▆ | Net Charge-Off Ratio (%) | 0.23% | 0.21% | 0.23% | 0.30% | 0.35% | 0.28% | 0.29% | 0.31% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $126 | $132 | $131 | $134 | $135 | $143 | $148 | $149 |
| ▁▂▃▄▅▇██ | Gross Loans ($M) | $731 | $757 | $782 | $802 | $839 | $871 | $888 | $906 |
| ▁▄▄▅▅▇▇█ | Total Deposits ($M) | $836 | $898 | $894 | $918 | $919 | $960 | $961 | $986 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 11% |