Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.21 | 0.80% |
| Return on Equity (%) | ▲ | 7.60% | +1.27 | 6.33% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.37 | 3.07% |
| Efficiency Ratio (%) | ▲ | 61.73% | -5.86 | 67.59% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.49 | $4 |
| Cost of Funds (%) | ▲ | 1.87% | -0.21 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,694 | +60.60 | $1,634 |
| Gross Loans ($M) | ▲ | $1,414 | +43.73 | $1,370 |
| Loan Growth YoY (%) | ▼ | 103.13% | -3.92 | 107.06% |
| Total Deposits ($M) | ▲ | $1,353 | +89.47 | $1,264 |
| Shareholders Equity ($M) | ▲ | $226 | +16.64 | $210 |
| Tang. Book Value ($M) | ▲ | $224 | +16.78 | $207 |
| TBV excl. AOCI ($M)** | ▲ | $231 | +17.29 | $214 |
| Loan / Deposit Ratio (%) | ▼ | 103.13% | -3.92 | 107.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.18% | -0.26 | 1.44% |
| Allowance / Loans (%) | — | 1.31% | 0.03% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 1.42% | -0.30 | 1.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.92% | 2.93% | 2.97% | 3.07% | 3.16% | 3.20% | 3.26% | 3.44% |
| ▄▆▄▁▅▆▇█ | Return on Assets (%) | 0.90% | 0.94% | 0.91% | 0.80% | 0.92% | 0.93% | 0.98% | 1.01% |
| ▇▇██▆▆▄▁ | Efficiency Ratio (%) | 66.8% | 67.2% | 68.2% | 67.6% | 66.4% | 66.1% | 64.8% | 61.7% |
| ▆█▆▄▃▃▂▁ | Cost of Funds (%) | 2.25% | 2.41% | 2.25% | 2.08% | 2.03% | 2.04% | 1.97% | 1.87% |
| █▅▇▆▅▃▁▁ | NPA / Assets (%) | 1.58% | 1.42% | 1.51% | 1.44% | 1.42% | 1.29% | 1.21% | 1.18% |
| █▅▇▆▅▃▁▁ | Net Charge-Off Ratio (%) | 1.89% | 1.71% | 1.81% | 1.72% | 1.70% | 1.54% | 1.45% | 1.42% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $196 | $202 | $203 | $207 | $212 | $217 | $220 | $224 |
| ▁▁▂▂▃▇▆█ | Gross Loans ($M) | $1,363 | $1,362 | $1,369 | $1,370 | $1,380 | $1,404 | $1,401 | $1,414 |
| ▁▂▅▅▅▆██ | Total Deposits ($M) | $1,149 | $1,196 | $1,267 | $1,264 | $1,274 | $1,285 | $1,352 | $1,353 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 21% |