Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.01 | 0.91% |
| Return on Equity (%) | ▼ | 9.47% | -0.60 | 10.07% |
| Net Interest Margin (%) | ▲ | 3.93% | +0.17 | 3.76% |
| Efficiency Ratio (%) | ▲ | 69.04% | -3.08 | 72.11% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.58 | $3 |
| Cost of Funds (%) | ▲ | 1.44% | -0.17 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,113 | +33.72 | $1,079 |
| Gross Loans ($M) | ▲ | $883 | +30.07 | $853 |
| Loan Growth YoY (%) | ▲ | 91.79% | +0.95 | 90.84% |
| Total Deposits ($M) | ▲ | $953 | +23.28 | $930 |
| Shareholders Equity ($M) | ▲ | $109 | +9.40 | $100 |
| Tang. Book Value ($M) | ▲ | $103 | +9.42 | $94 |
| TBV excl. AOCI ($M)** | ▲ | $111 | +9.82 | $101 |
| Loan / Deposit Ratio (%) | ▲ | 91.79% | +0.95 | 90.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.28 | 0.13% |
| Allowance / Loans (%) | — | 0.95% | -0.05% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.52% | +0.35 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.37% | -1.00 | 14.37% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▇██ | Net Interest Margin (%) | 3.63% | 3.65% | 3.69% | 3.76% | 3.80% | 3.87% | 3.90% | 3.93% |
| ▁▃▁▃▅▆█▄ | Return on Assets (%) | 0.87% | 0.90% | 0.86% | 0.91% | 0.94% | 0.96% | 1.01% | 0.92% |
| ██▇█▇▃▁▁ | Efficiency Ratio (%) | 72.1% | 71.8% | 71.6% | 72.1% | 71.6% | 70.1% | 69.3% | 69.0% |
| ▆█▆▄▄▃▂▁ | Cost of Funds (%) | 1.71% | 1.80% | 1.67% | 1.61% | 1.62% | 1.56% | 1.50% | 1.44% |
| ▁▁▁▁▁██▆ | NPA / Assets (%) | 0.15% | 0.15% | 0.13% | 0.13% | 0.13% | 0.55% | 0.54% | 0.41% |
| ▁▁▁▁▁██▆ | Net Charge-Off Ratio (%) | 0.19% | 0.19% | 0.17% | 0.16% | 0.16% | 0.71% | 0.70% | 0.52% |
| ▆█▁▂▂▅▆▆ | Tang. Book Value ($M) | $103 | $108 | $91 | $94 | $95 | $100 | $103 | $103 |
| ▁▁▂▅▄▅▇█ | Gross Loans ($M) | $816 | $818 | $825 | $853 | $847 | $851 | $868 | $883 |
| ▁▂▆▆▆▇██ | Total Deposits ($M) | $862 | $887 | $931 | $930 | $935 | $938 | $963 | $953 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 18% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 20% |