Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.44% | -0.10 | 1.54% |
| Return on Equity (%) | ▼ | 15.58% | -0.67 | 16.25% |
| Net Interest Margin (%) | ▲ | 4.49% | +0.08 | 4.41% |
| Efficiency Ratio (%) | ▼ | 56.51% | +1.16 | 55.35% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.69 | $4 |
| Cost of Funds (%) | ▲ | 2.20% | -0.32 | 2.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $942 | +161.06 | $781 |
| Gross Loans ($M) | ▲ | $734 | +119.18 | $615 |
| Loan Growth YoY (%) | ▼ | 86.07% | -4.23 | 90.30% |
| Total Deposits ($M) | ▲ | $842 | +171.46 | $671 |
| Shareholders Equity ($M) | ▲ | $87 | +13.39 | $74 |
| Tang. Book Value ($M) | ▲ | $87 | +13.39 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $89 | +13.41 | $75 |
| Loan / Deposit Ratio (%) | ▼ | 86.07% | -4.23 | 90.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.56% | -0.89 | 1.45% |
| Allowance / Loans (%) | — | 1.24% | -0.25% | 1.48% |
| Net Charge-Off Ratio (%) | ▲ | 0.51% | -1.33 | 1.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆███▇ | Net Interest Margin (%) | 3.97% | 4.04% | 4.17% | 4.41% | 4.56% | 4.56% | 4.57% | 4.49% |
| ▁▅▅████▆ | Return on Assets (%) | 1.17% | 1.38% | 1.37% | 1.54% | 1.55% | 1.52% | 1.51% | 1.44% |
| █▄▅▁▁▁▁▂ | Efficiency Ratio (%) | 61.4% | 57.6% | 58.5% | 55.3% | 55.0% | 54.9% | 54.9% | 56.5% |
| ▃▁█▅▅▃▁▁ | Cost of Funds (%) | 2.43% | 2.24% | 2.84% | 2.52% | 2.55% | 2.43% | 2.21% | 2.20% |
| ▄▆██▁▂▂▂ | NPA / Assets (%) | 0.87% | 1.10% | 1.35% | 1.45% | 0.35% | 0.51% | 0.54% | 0.56% |
| ▄▆██▁▁▂▁ | Net Charge-Off Ratio (%) | 1.10% | 1.44% | 1.70% | 1.85% | 0.46% | 0.61% | 0.65% | 0.51% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $65 | $69 | $70 | $74 | $77 | $81 | $84 | $87 |
| ▁▂▂▃▄▇██ | Gross Loans ($M) | $545 | $579 | $589 | $615 | $636 | $696 | $719 | $734 |
| ▁▂▂▃▄▆▇█ | Total Deposits ($M) | $596 | $655 | $638 | $671 | $714 | $758 | $790 | $842 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 22% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 27% |