Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.17% | -0.11 | 1.28% |
| Return on Equity (%) | ▼ | 10.80% | -2.19 | 12.99% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.19 | 3.70% |
| Efficiency Ratio (%) | ▼ | 55.44% | +0.31 | 55.13% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.26 | $4 |
| Cost of Funds (%) | ▲ | 1.16% | -0.11 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,046 | +18.43 | $1,027 |
| Gross Loans ($M) | ▲ | $671 | +17.00 | $654 |
| Loan Growth YoY (%) | ▲ | 73.21% | +1.52 | 71.69% |
| Total Deposits ($M) | ▲ | $906 | +5.91 | $900 |
| Shareholders Equity ($M) | ▲ | $111 | +9.30 | $102 |
| Tang. Book Value ($M) | ▲ | $92 | +9.94 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +10.26 | $97 |
| Loan / Deposit Ratio (%) | ▲ | 73.21% | +1.52 | 71.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.07% | +0.11 | 1.96% |
| Allowance / Loans (%) | — | 1.14% | -0.18% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 2.82% | +0.10 | 2.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▇██ | Net Interest Margin (%) | 3.46% | 3.43% | 3.48% | 3.70% | 3.75% | 3.84% | 3.91% | 3.89% |
| ▂▂▄▃▅▇█▁ | Return on Assets (%) | 1.22% | 1.25% | 1.30% | 1.28% | 1.38% | 1.44% | 1.51% | 1.17% |
| ██▆▇▃▂▁▇ | Efficiency Ratio (%) | 56.2% | 57.0% | 55.1% | 55.1% | 52.1% | 51.2% | 49.3% | 55.4% |
| ▆▇█▃▁▃▂▁ | Cost of Funds (%) | 1.44% | 1.46% | 1.53% | 1.28% | 1.20% | 1.28% | 1.25% | 1.16% |
| ▄▃▃█▆▂▁█ | NPA / Assets (%) | 1.33% | 1.17% | 1.24% | 1.96% | 1.60% | 1.08% | 0.80% | 2.07% |
| ▄▃▄█▅▁▁█ | Net Charge-Off Ratio (%) | 1.74% | 1.56% | 1.59% | 2.72% | 1.84% | 1.04% | 0.82% | 2.82% |
| ▁▄▃▃▃▆█▇ | Tang. Book Value ($M) | $75 | $85 | $82 | $82 | $82 | $91 | $96 | $92 |
| ▂▆▇▁▂▃█▇ | Gross Loans ($M) | $657 | $667 | $671 | $654 | $658 | $659 | $674 | $671 |
| ▃█▅▄▂▁▄▅ | Total Deposits ($M) | $889 | $936 | $910 | $900 | $884 | $872 | $899 | $906 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 20% |
| Consumer | 6% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 46% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 8% |