Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.98% | -0.10 | 1.08% |
| Return on Equity (%) | ▼ | 8.66% | -0.95 | 9.61% |
| Net Interest Margin (%) | ▼ | 4.08% | -0.02 | 4.11% |
| Efficiency Ratio (%) | ▼ | 67.50% | +7.97 | 59.53% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.49 | $3 |
| Cost of Funds (%) | ▲ | 2.60% | -0.19 | 2.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $835 | +28.91 | $806 |
| Gross Loans ($M) | ▲ | $707 | +25.28 | $681 |
| Loan Growth YoY (%) | ▼ | 96.52% | -1.12 | 97.64% |
| Total Deposits ($M) | ▲ | $721 | +33.15 | $687 |
| Shareholders Equity ($M) | ▲ | $96 | +5.83 | $90 |
| Tang. Book Value ($M) | ▲ | $96 | +5.83 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $98 | +5.88 | $92 |
| Loan / Deposit Ratio (%) | ▼ | 96.52% | -1.12 | 97.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.94% | -0.09 | 1.03% |
| Allowance / Loans (%) | — | 1.57% | 0.09% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 1.11% | +0.00 | 1.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.11% | +0.30 | 12.81% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇██▅ | Net Interest Margin (%) | 3.92% | 3.97% | 4.00% | 4.11% | 4.13% | 4.17% | 4.19% | 4.08% |
| ▂▃▅▄███▁ | Return on Assets (%) | 1.04% | 1.07% | 1.11% | 1.08% | 1.22% | 1.22% | 1.24% | 0.98% |
| ▄▃▂▂▁▁▁█ | Efficiency Ratio (%) | 62.1% | 61.4% | 59.9% | 59.5% | 58.4% | 58.7% | 58.5% | 67.5% |
| ▇█▆▃▄▄▂▁ | Cost of Funds (%) | 3.08% | 3.21% | 3.00% | 2.80% | 2.89% | 2.91% | 2.69% | 2.60% |
| ██▆▃▂▄▁▁ | NPA / Assets (%) | 1.19% | 1.16% | 1.10% | 1.03% | 0.99% | 1.06% | 0.94% | 0.94% |
| █▆▅▂▁▄▃▂ | Net Charge-Off Ratio (%) | 1.33% | 1.24% | 1.21% | 1.11% | 1.06% | 1.18% | 1.14% | 1.11% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $86 | $88 | $89 | $90 | $92 | $95 | $95 | $96 |
| ▁▃▄▇█▇██ | Gross Loans ($M) | $595 | $625 | $651 | $681 | $695 | $686 | $702 | $707 |
| ▁▁▄▅▆▇██ | Total Deposits ($M) | $608 | $618 | $667 | $687 | $697 | $717 | $735 | $721 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 32% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 17% |