Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.68% | +0.33 | 1.35% |
| Return on Equity (%) | ▲ | 13.45% | +2.75 | 10.70% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.19 | 3.88% |
| Efficiency Ratio (%) | ▲ | 44.86% | -7.64 | 52.49% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.28 | $4 |
| Cost of Funds (%) | ▲ | 1.32% | -0.25 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $831 | +67.85 | $763 |
| Gross Loans ($M) | ▲ | $596 | +8.59 | $588 |
| Loan Growth YoY (%) | ▼ | 82.37% | -5.95 | 88.32% |
| Total Deposits ($M) | ▲ | $714 | +57.82 | $656 |
| Shareholders Equity ($M) | ▲ | $109 | +9.70 | $99 |
| Tang. Book Value ($M) | ▲ | $109 | +9.70 | $99 |
| TBV excl. AOCI ($M)** | ▲ | $115 | +11.13 | $104 |
| Loan / Deposit Ratio (%) | ▼ | 82.37% | -5.95 | 88.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.33% | -0.01 | 0.34% |
| Allowance / Loans (%) | — | 1.36% | -0.02% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.46% | +0.15 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.23% | +1.39 | 18.84% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆▅▁▅▆██ | Net Interest Margin (%) | 3.99% | 4.01% | 4.00% | 3.88% | 3.99% | 4.02% | 4.05% | 4.07% |
| ▁▂▃▁▄▅▄█ | Return on Assets (%) | 1.39% | 1.42% | 1.46% | 1.35% | 1.49% | 1.53% | 1.51% | 1.68% |
| ▇▆▆█▆▆▅▁ | Efficiency Ratio (%) | 50.9% | 50.6% | 50.5% | 52.5% | 50.2% | 50.1% | 48.7% | 44.9% |
| ▄▆▆█▄▄▁▁ | Cost of Funds (%) | 1.42% | 1.49% | 1.47% | 1.56% | 1.41% | 1.42% | 1.31% | 1.32% |
| ▆█▆▅▂▁▁▄ | NPA / Assets (%) | 0.38% | 0.43% | 0.37% | 0.34% | 0.28% | 0.24% | 0.23% | 0.33% |
| ▂▆▄▁▄▂▃█ | Net Charge-Off Ratio (%) | 0.34% | 0.41% | 0.37% | 0.31% | 0.38% | 0.34% | 0.35% | 0.46% |
| ▁▂▂▄▄▆▇█ | Tang. Book Value ($M) | $93 | $95 | $96 | $99 | $100 | $103 | $106 | $109 |
| ▁▇▁▄▃▁▄█ | Gross Loans ($M) | $582 | $594 | $583 | $588 | $587 | $583 | $588 | $596 |
| ▁▁▄▂▄▆█▅ | Total Deposits ($M) | $627 | $636 | $682 | $656 | $699 | $721 | $774 | $714 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 17% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 5% |