Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.26% | +0.48 | 1.78% |
| Return on Equity (%) | ▲ | 26.26% | +1.85 | 24.41% |
| Net Interest Margin (%) | ▲ | 4.79% | +0.35 | 4.45% |
| Efficiency Ratio (%) | ▲ | 46.44% | -3.52 | 49.96% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.70 | $3 |
| Cost of Funds (%) | ▲ | 1.10% | -0.11 | 1.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $488 | +31.94 | $456 |
| Gross Loans ($M) | ▲ | $330 | +83.17 | $247 |
| Loan Growth YoY (%) | ▲ | 75.57% | +17.27 | 58.29% |
| Total Deposits ($M) | ▲ | $431 | +13.45 | $418 |
| Shareholders Equity ($M) | ▲ | $43 | +8.12 | $35 |
| Tang. Book Value ($M) | ▲ | $43 | +8.18 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +7.33 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 75.57% | +17.27 | 58.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.05 | 0.05% |
| Allowance / Loans (%) | — | 1.22% | -0.06% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.07 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.62% | -0.23 | 14.85% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▇███ | Net Interest Margin (%) | 4.06% | 4.17% | 4.29% | 4.45% | 4.72% | 4.76% | 4.83% | 4.79% |
| ▁▁▂▄▂▂▄█ | Return on Assets (%) | 1.43% | 1.40% | 1.56% | 1.78% | 1.52% | 1.57% | 1.82% | 2.26% |
| ▆▆▅█▄▃▁▄ | Efficiency Ratio (%) | 48.3% | 47.7% | 47.2% | 50.0% | 46.6% | 45.6% | 43.7% | 46.4% |
| █▆▆▅▁▁▃▃ | Cost of Funds (%) | 1.37% | 1.24% | 1.26% | 1.21% | 1.00% | 0.97% | 1.08% | 1.10% |
| ▂▃█▂▂▂▁▁ | NPA / Assets (%) | 0.07% | 0.10% | 0.29% | 0.05% | 0.05% | 0.04% | 0.04% | 0.00% |
| ▃▃█▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.14% | 0.19% | 0.51% | 0.08% | 0.07% | 0.05% | 0.04% | 0.01% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $28 | $32 | $31 | $34 | $36 | $40 | $40 | $43 |
| ▁▃▃▂▄▅██ | Gross Loans ($M) | $227 | $254 | $257 | $247 | $272 | $282 | $333 | $330 |
| ▁▆▂▁▁█▄▅ | Total Deposits ($M) | $421 | $435 | $422 | $418 | $419 | $443 | $428 | $431 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 13% |
| Consumer | 7% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 5% |