Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.68% | +0.09 | 1.59% |
| Return on Equity (%) | ▼ | 12.51% | -0.58 | 13.09% |
| Net Interest Margin (%) | ▼ | 4.67% | -0.05 | 4.72% |
| Efficiency Ratio (%) | ▼ | 55.64% | +1.33 | 54.31% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.06 | $5 |
| Cost of Funds (%) | ▲ | 1.41% | -0.20 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $951 | +57.61 | $893 |
| Gross Loans ($M) | ▲ | $626 | +40.44 | $585 |
| Loan Growth YoY (%) | ▲ | 76.15% | +0.96 | 75.18% |
| Total Deposits ($M) | ▲ | $811 | +42.06 | $769 |
| Shareholders Equity ($M) | ▲ | $127 | +16.53 | $110 |
| Tang. Book Value ($M) | ▲ | $124 | +16.53 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $136 | +17.00 | $119 |
| Loan / Deposit Ratio (%) | ▲ | 76.15% | +0.96 | 75.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.36 | 0.74% |
| Allowance / Loans (%) | — | 1.25% | 0.08% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.58% | -0.55 | 1.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.18% | +0.96 | 19.22% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▆██▄ | Net Interest Margin (%) | 4.54% | 4.57% | 4.57% | 4.72% | 4.73% | 4.81% | 4.80% | 4.67% |
| ▁▃▃▅▇███ | Return on Assets (%) | 1.45% | 1.53% | 1.54% | 1.59% | 1.64% | 1.66% | 1.66% | 1.68% |
| █▄▅▁▂▃▃▃ | Efficiency Ratio (%) | 58.8% | 56.4% | 56.7% | 54.3% | 55.3% | 55.6% | 55.6% | 55.6% |
| ▂▅█▇▅▁▁▁ | Cost of Funds (%) | 1.44% | 1.55% | 1.65% | 1.61% | 1.54% | 1.44% | 1.44% | 1.41% |
| █▇▆▆▄▁▃▃ | NPA / Assets (%) | 1.10% | 0.84% | 0.80% | 0.74% | 0.46% | 0.05% | 0.32% | 0.38% |
| █▇▇▆▄▁▃▃ | Net Charge-Off Ratio (%) | 1.60% | 1.29% | 1.25% | 1.13% | 0.69% | 0.07% | 0.49% | 0.58% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $99 | $107 | $103 | $108 | $111 | $118 | $123 | $124 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $559 | $565 | $569 | $585 | $597 | $608 | $613 | $626 |
| ▁▂▄▄▃▃▇█ | Total Deposits ($M) | $735 | $746 | $768 | $769 | $760 | $761 | $797 | $811 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 18% |