Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.31% | +1.53 | 0.78% |
| Return on Equity (%) | ▲ | 25.92% | +17.06 | 8.86% |
| Net Interest Margin (%) | ▲ | 4.15% | +0.08 | 4.07% |
| Efficiency Ratio (%) | ▲ | 48.43% | -5.87 | 54.30% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.00 | $3 |
| Cost of Funds (%) | ▼ | 1.68% | +0.14 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $632 | +71.26 | $561 |
| Gross Loans ($M) | ▲ | $423 | +63.50 | $360 |
| Loan Growth YoY (%) | ▲ | 76.37% | +4.51 | 71.86% |
| Total Deposits ($M) | ▲ | $545 | +53.72 | $491 |
| Shareholders Equity ($M) | ▲ | $57 | +7.72 | $49 |
| Tang. Book Value ($M) | ▲ | $57 | +7.72 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +9.04 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 76.37% | +4.51 | 71.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -2.16 | 2.42% |
| Allowance / Loans (%) | — | 1.71% | -0.21% | 1.92% |
| Net Charge-Off Ratio (%) | ▲ | 0.39% | -2.66 | 3.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▆█▁▃▅▆▄ | Net Interest Margin (%) | 4.17% | 4.21% | 4.29% | 4.07% | 4.13% | 4.19% | 4.21% | 4.15% |
| ▄▅▅▁▅▅▅█ | Return on Assets (%) | 1.52% | 1.56% | 1.69% | 0.78% | 1.73% | 1.58% | 1.63% | 2.31% |
| ▄█▇▆▃▂▂▁ | Efficiency Ratio (%) | 52.7% | 57.4% | 55.7% | 54.3% | 51.0% | 50.0% | 50.2% | 48.4% |
| ▁█▆▂▅███ | Cost of Funds (%) | 1.51% | 1.68% | 1.65% | 1.54% | 1.60% | 1.69% | 1.70% | 1.68% |
| ██▇▇▇▆▄▁ | NPA / Assets (%) | 2.88% | 2.63% | 2.44% | 2.42% | 2.27% | 2.09% | 1.56% | 0.26% |
| ██▇█▇▆▆▁ | Net Charge-Off Ratio (%) | 3.34% | 3.20% | 2.90% | 3.04% | 2.80% | 2.49% | 2.32% | 0.39% |
| ▁▄▂▃▅▆██ | Tang. Book Value ($M) | $45 | $50 | $48 | $49 | $52 | $54 | $56 | $57 |
| ▁▁▁▂▃▆██ | Gross Loans ($M) | $345 | $341 | $351 | $360 | $367 | $402 | $424 | $423 |
| ▁▂▃▄▅▇██ | Total Deposits ($M) | $447 | $465 | $474 | $491 | $498 | $531 | $546 | $545 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 20% |
| Consumer | 12% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 15% |