Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.05% | +0.66 | 1.39% |
| Return on Equity (%) | ▲ | 14.46% | +1.98 | 12.48% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.94 | 3.48% |
| Efficiency Ratio (%) | ▲ | 40.38% | -3.44 | 43.82% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.87 | $4 |
| Cost of Funds (%) | ▲ | 2.38% | -0.69 | 3.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $762 | -51.67 | $814 |
| Gross Loans ($M) | ▼ | $622 | -47.61 | $669 |
| Loan Growth YoY (%) | ▲ | 94.84% | +2.14 | 92.70% |
| Total Deposits ($M) | ▼ | $646 | -66.19 | $712 |
| Shareholders Equity ($M) | ▲ | $110 | +14.53 | $96 |
| Tang. Book Value ($M) | ▲ | $110 | +14.53 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $112 | +14.61 | $97 |
| Loan / Deposit Ratio (%) | ▲ | 94.84% | +2.14 | 92.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.13 | 0.25% |
| Allowance / Loans (%) | — | 1.47% | 0.10% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.17 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 2.90% | 2.96% | 3.05% | 3.48% | 3.64% | 3.78% | 3.91% | 4.42% |
| ▁▁▁▃▃▄▅█ | Return on Assets (%) | 1.11% | 1.22% | 1.16% | 1.39% | 1.43% | 1.52% | 1.65% | 2.05% |
| █▆▄▃▄▄▃▁ | Efficiency Ratio (%) | 49.6% | 47.1% | 44.8% | 43.8% | 44.7% | 44.1% | 42.8% | 40.4% |
| ███▇▅▄▂▁ | Cost of Funds (%) | 3.14% | 3.23% | 3.19% | 3.07% | 2.87% | 2.77% | 2.57% | 2.38% |
| ▁▅███▆▅▄ | NPA / Assets (%) | 0.03% | 0.14% | 0.24% | 0.25% | 0.25% | 0.17% | 0.15% | 0.12% |
| ▁▇███▄▂▁ | Net Charge-Off Ratio (%) | 0.03% | 0.18% | 0.20% | 0.20% | 0.20% | 0.10% | 0.07% | 0.04% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $87 | $91 | $92 | $96 | $99 | $102 | $106 | $110 |
| ███▆▃▁▁▂ | Gross Loans ($M) | $695 | $693 | $687 | $669 | $636 | $610 | $618 | $622 |
| ███▄▃▁▁▁ | Total Deposits ($M) | $771 | $784 | $768 | $712 | $683 | $661 | $658 | $646 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 24% |