Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.89% | +0.20 | 1.69% |
| Return on Equity (%) | ▲ | 10.55% | +0.61 | 9.94% |
| Net Interest Margin (%) | ▲ | 4.51% | +0.31 | 4.20% |
| Efficiency Ratio (%) | ▲ | 49.74% | -2.78 | 52.51% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.85 | $5 |
| Cost of Funds (%) | ▼ | 0.40% | +0.01 | 0.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $970 | +44.83 | $925 |
| Gross Loans ($M) | ▲ | $583 | +16.68 | $566 |
| Loan Growth YoY (%) | ▼ | 73.14% | -0.56 | 73.71% |
| Total Deposits ($M) | ▲ | $788 | +27.68 | $760 |
| Shareholders Equity ($M) | ▲ | $174 | +15.13 | $159 |
| Tang. Book Value ($M) | ▲ | $161 | +15.13 | $146 |
| TBV excl. AOCI ($M)** | ▲ | $173 | +15.88 | $157 |
| Loan / Deposit Ratio (%) | ▼ | 73.14% | -0.56 | 73.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.20% | -0.32 | 1.53% |
| Allowance / Loans (%) | — | 1.15% | 0.09% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 1.99% | -0.50 | 2.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▇██ | Net Interest Margin (%) | 3.98% | 4.01% | 4.05% | 4.20% | 4.31% | 4.39% | 4.47% | 4.51% |
| ▄▅▁▆▅▆▁█ | Return on Assets (%) | 1.60% | 1.63% | 1.31% | 1.69% | 1.67% | 1.71% | 1.35% | 1.89% |
| ▄▄█▂▂▂█▁ | Efficiency Ratio (%) | 54.4% | 54.2% | 61.2% | 52.5% | 51.6% | 51.6% | 60.1% | 49.7% |
| ▁▄█▇█▇██ | Cost of Funds (%) | 0.33% | 0.36% | 0.39% | 0.38% | 0.39% | 0.39% | 0.40% | 0.40% |
| ▁▅▄███▇▆ | NPA / Assets (%) | 0.42% | 1.03% | 0.97% | 1.53% | 1.57% | 1.55% | 1.34% | 1.20% |
| ▁▅▄███▇▆ | Net Charge-Off Ratio (%) | 0.68% | 1.71% | 1.52% | 2.49% | 2.55% | 2.55% | 2.13% | 1.99% |
| ▁▃▃▄▆▇▇█ | Tang. Book Value ($M) | $132 | $140 | $140 | $146 | $151 | $156 | $157 | $161 |
| ▁▂▄▅▇▇██ | Gross Loans ($M) | $539 | $548 | $560 | $566 | $574 | $577 | $583 | $583 |
| ▄▆▁▄▄▆▄█ | Total Deposits ($M) | $760 | $776 | $743 | $760 | $760 | $773 | $763 | $788 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 44% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 4% |