Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.10 | 0.75% |
| Return on Equity (%) | ▲ | 7.32% | +0.50 | 6.82% |
| Net Interest Margin (%) | ▲ | 2.84% | +0.77 | 2.07% |
| Efficiency Ratio (%) | ▲ | 47.78% | -16.42 | 64.20% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.01 | $2 |
| Cost of Funds (%) | ▲ | 2.02% | -0.35 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,053 | +38.84 | $1,014 |
| Gross Loans ($M) | ▲ | $848 | +25.24 | $823 |
| Loan Growth YoY (%) | ▼ | 105.24% | -2.86 | 108.09% |
| Total Deposits ($M) | ▲ | $795 | +43.24 | $752 |
| Shareholders Equity ($M) | ▲ | $122 | +8.99 | $113 |
| Tang. Book Value ($M) | ▲ | $115 | +9.13 | $106 |
| TBV excl. AOCI ($M)** | ▲ | $119 | +9.32 | $110 |
| Loan / Deposit Ratio (%) | ▼ | 105.24% | -2.86 | 108.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.06 | 0.23% |
| Allowance / Loans (%) | — | 1.34% | 0.11% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.07 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.31% | +0.48 | 13.83% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 1.80% | 1.84% | 1.88% | 2.07% | 2.18% | 2.27% | 2.39% | 2.84% |
| ▄▂▁▃▃▅█▅ | Return on Assets (%) | 0.81% | 0.72% | 0.64% | 0.75% | 0.79% | 0.88% | 1.04% | 0.85% |
| ██▇▆▄▄▃▁ | Efficiency Ratio (%) | 73.2% | 71.2% | 69.4% | 64.2% | 60.4% | 59.2% | 57.3% | 47.8% |
| ██▇▆▅▄▂▁ | Cost of Funds (%) | 2.51% | 2.58% | 2.49% | 2.37% | 2.32% | 2.28% | 2.12% | 2.02% |
| ▄▄██▅▅▇▁ | NPA / Assets (%) | 0.20% | 0.19% | 0.23% | 0.23% | 0.20% | 0.20% | 0.22% | 0.17% |
| ▄▃██▄▄▇▁ | Net Charge-Off Ratio (%) | 0.24% | 0.23% | 0.28% | 0.28% | 0.24% | 0.24% | 0.27% | 0.21% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $99 | $102 | $101 | $106 | $108 | $111 | $115 | $115 |
| █▇▂▁▄▆▇█ | Gross Loans ($M) | $846 | $842 | $826 | $823 | $835 | $839 | $845 | $848 |
| ▂▁▁▃▂▃▇█ | Total Deposits ($M) | $744 | $734 | $737 | $752 | $743 | $756 | $782 | $795 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 13% |