Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.55% | +0.16 | 0.38% |
| Return on Equity (%) | ▲ | 7.95% | +1.70 | 6.25% |
| Net Interest Margin (%) | ▲ | 2.99% | +0.43 | 2.56% |
| Efficiency Ratio (%) | ▲ | 75.39% | -5.46 | 80.85% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.70 | $1 |
| Cost of Funds (%) | ▲ | 1.72% | -0.24 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,003 | +40.32 | $963 |
| Gross Loans ($M) | ▲ | $645 | +44.49 | $601 |
| Loan Growth YoY (%) | ▲ | 69.21% | +1.08 | 68.14% |
| Total Deposits ($M) | ▲ | $923 | +50.24 | $873 |
| Shareholders Equity ($M) | ▲ | $70 | +9.26 | $61 |
| Tang. Book Value ($M) | ▲ | $69 | +9.44 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +8.84 | $72 |
| Loan / Deposit Ratio (%) | ▲ | 69.21% | +1.08 | 68.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.15 | 0.28% |
| Allowance / Loans (%) | — | 0.97% | -0.02% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.25 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.14% | -0.21 | 12.35% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▇▇█ | Net Interest Margin (%) | 2.22% | 2.28% | 2.34% | 2.56% | 2.70% | 2.81% | 2.88% | 2.99% |
| ▁▁▂▄▅▇█▇ | Return on Assets (%) | 0.22% | 0.27% | 0.30% | 0.38% | 0.46% | 0.53% | 0.61% | 0.55% |
| ██▇▄▃▂▁▂ | Efficiency Ratio (%) | 88.5% | 87.0% | 85.6% | 80.9% | 78.2% | 75.9% | 73.5% | 75.4% |
| ▇█▅▇▅▄▁▃ | Cost of Funds (%) | 1.98% | 2.06% | 1.83% | 1.96% | 1.83% | 1.79% | 1.55% | 1.72% |
| ▁▂▅█▃▁▁▁ | NPA / Assets (%) | 0.12% | 0.14% | 0.21% | 0.28% | 0.18% | 0.13% | 0.12% | 0.13% |
| ▁▁▅█▃▁▁▁ | Net Charge-Off Ratio (%) | 0.19% | 0.22% | 0.33% | 0.46% | 0.27% | 0.20% | 0.19% | 0.21% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $53 | $61 | $56 | $60 | $62 | $66 | $69 | $69 |
| ▁▂▄▃▄▆██ | Gross Loans ($M) | $576 | $588 | $604 | $601 | $608 | $624 | $637 | $645 |
| ▁▁▄▄▃▄█▇ | Total Deposits ($M) | $819 | $819 | $873 | $873 | $853 | $874 | $954 | $923 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 13% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 6% |