Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.94% | +0.40 | 0.55% |
| Return on Equity (%) | ▲ | 9.48% | +3.33 | 6.15% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.45 | 2.92% |
| Efficiency Ratio (%) | ▲ | 74.96% | -7.32 | 82.29% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.91 | $1 |
| Cost of Funds (%) | ▲ | 1.82% | -0.26 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,072 | +8.67 | $1,064 |
| Gross Loans ($M) | ▼ | $878 | -1.01 | $879 |
| Loan Growth YoY (%) | ▼ | 107.41% | -1.04 | 108.45% |
| Total Deposits ($M) | ▲ | $809 | +6.46 | $803 |
| Shareholders Equity ($M) | ▲ | $107 | +12.12 | $95 |
| Tang. Book Value ($M) | ▲ | $107 | +12.03 | $95 |
| TBV excl. AOCI ($M)** | ▲ | $113 | +12.63 | $100 |
| Loan / Deposit Ratio (%) | ▼ | 107.41% | -1.04 | 108.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.17 | 0.24% |
| Allowance / Loans (%) | — | 0.99% | 0.05% | 0.94% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.20 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.66% | +0.98 | 13.68% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 2.58% | 2.60% | 2.66% | 2.92% | 2.97% | 3.06% | 3.13% | 3.37% |
| ▁▁▁▄▆▇██ | Return on Assets (%) | 0.37% | 0.32% | 0.30% | 0.55% | 0.71% | 0.83% | 0.87% | 0.94% |
| ███▆▄▂▂▁ | Efficiency Ratio (%) | 84.8% | 85.0% | 83.8% | 82.3% | 79.4% | 77.5% | 76.7% | 75.0% |
| ██▇▅▅▃▁▁ | Cost of Funds (%) | 2.33% | 2.27% | 2.21% | 2.08% | 2.08% | 1.99% | 1.83% | 1.82% |
| █████▄▅▁ | NPA / Assets (%) | 0.23% | 0.23% | 0.25% | 0.24% | 0.24% | 0.14% | 0.16% | 0.07% |
| █████▄▅▁ | Net Charge-Off Ratio (%) | 0.27% | 0.27% | 0.29% | 0.29% | 0.29% | 0.17% | 0.20% | 0.09% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $89 | $93 | $91 | $95 | $96 | $101 | $105 | $107 |
| █▅▂▄▅▂▁▄ | Gross Loans ($M) | $894 | $884 | $873 | $879 | $883 | $872 | $868 | $878 |
| ▂▆█▄▇▁▇▅ | Total Deposits ($M) | $788 | $811 | $828 | $803 | $819 | $779 | $818 | $809 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 12% |