Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.06% | -0.17 | 2.23% |
| Return on Equity (%) | ▼ | 23.66% | -1.53 | 25.19% |
| Net Interest Margin (%) | ▼ | 4.00% | -0.22 | 4.22% |
| Efficiency Ratio (%) | ▼ | 47.56% | +3.87 | 43.69% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.32 | $4 |
| Cost of Funds (%) | ▲ | 1.72% | -0.15 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $735 | +39.67 | $696 |
| Gross Loans ($M) | ▲ | $526 | +34.90 | $492 |
| Loan Growth YoY (%) | ▲ | 93.81% | +0.85 | 92.96% |
| Total Deposits ($M) | ▲ | $556 | +32.39 | $524 |
| Shareholders Equity ($M) | ▲ | $64 | +1.45 | $62 |
| Tang. Book Value ($M) | ▲ | $63 | +1.51 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $70 | +2.02 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 93.81% | +0.85 | 92.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.15 | 0.25% |
| Allowance / Loans (%) | — | 0.84% | -0.05% | 0.89% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -0.21 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.47% | -1.08 | 13.55% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▃▄▄▄▁ | Net Interest Margin (%) | 4.80% | 4.74% | 4.72% | 4.22% | 4.36% | 4.35% | 4.35% | 4.00% |
| ███▃▃▃▂▁ | Return on Assets (%) | 2.55% | 2.59% | 2.55% | 2.23% | 2.25% | 2.23% | 2.15% | 2.06% |
| ▂▁▁▃▇▇██ | Efficiency Ratio (%) | 42.8% | 42.0% | 42.5% | 43.7% | 46.7% | 46.5% | 47.5% | 47.6% |
| ██▁█▁▇▄▂ | Cost of Funds (%) | 1.86% | 1.86% | 1.71% | 1.87% | 1.69% | 1.85% | 1.76% | 1.72% |
| ▆█▇█▃▃▃▁ | NPA / Assets (%) | 0.21% | 0.25% | 0.23% | 0.25% | 0.16% | 0.15% | 0.14% | 0.10% |
| ▆█▇█▃▃▂▁ | Net Charge-Off Ratio (%) | 0.29% | 0.36% | 0.32% | 0.35% | 0.22% | 0.21% | 0.19% | 0.14% |
| ▁▃▅▅▆▆▆█ | Tang. Book Value ($M) | $60 | $61 | $62 | $62 | $62 | $62 | $63 | $63 |
| ▁▂▃▁▃▅▇█ | Gross Loans ($M) | $496 | $498 | $504 | $492 | $502 | $513 | $518 | $526 |
| ▁▃▁▃▂▆▅█ | Total Deposits ($M) | $517 | $528 | $513 | $524 | $522 | $542 | $539 | $556 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 36% |
| C&I / Commercial | 13% |
| Other | 50% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 25% |