Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.53% | -0.16 | 0.70% |
| Return on Equity (%) | ▼ | 5.94% | -1.67 | 7.61% |
| Net Interest Margin (%) | ▲ | 3.40% | +0.37 | 3.03% |
| Efficiency Ratio (%) | ▼ | 80.98% | +6.15 | 74.83% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.65 | $3 |
| Cost of Funds (%) | ▲ | 1.64% | -0.05 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,188 | -4.78 | $1,193 |
| Gross Loans ($M) | ▲ | $817 | +0.42 | $817 |
| Loan Growth YoY (%) | ▲ | 76.44% | +0.48 | 75.96% |
| Total Deposits ($M) | ▼ | $1,057 | -6.05 | $1,063 |
| Shareholders Equity ($M) | ▼ | $105 | -5.25 | $110 |
| Tang. Book Value ($M) | ▼ | $105 | -5.25 | $110 |
| TBV excl. AOCI ($M)** | ▼ | $117 | -6.94 | $124 |
| Loan / Deposit Ratio (%) | ▲ | 76.44% | +0.48 | 75.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.10 | 0.21% |
| Allowance / Loans (%) | — | 1.14% | -0.00% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.15 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.49% | -1.45 | 16.94% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▅▆▇█ | Net Interest Margin (%) | 2.84% | 2.92% | 2.95% | 3.03% | 3.17% | 3.23% | 3.29% | 3.40% |
| █▆▄▁▁▁▁▁ | Return on Assets (%) | 1.98% | 1.48% | 1.17% | 0.70% | 0.65% | 0.64% | 0.60% | 0.53% |
| ▅▆█▁▂▂▄▆ | Efficiency Ratio (%) | 79.0% | 80.1% | 83.2% | 74.8% | 76.5% | 76.6% | 78.4% | 81.0% |
| ▇█▄▁▂▂▂▁ | Cost of Funds (%) | 2.03% | 2.15% | 1.89% | 1.69% | 1.75% | 1.75% | 1.72% | 1.64% |
| ▅▂▂█▄▅▄▁ | NPA / Assets (%) | 0.16% | 0.12% | 0.12% | 0.21% | 0.15% | 0.16% | 0.15% | 0.10% |
| ▅▂▁█▄▄▃▁ | Net Charge-Off Ratio (%) | 0.23% | 0.17% | 0.17% | 0.30% | 0.21% | 0.22% | 0.20% | 0.15% |
| ▃▇▃█▁▃▄▃ | Tang. Book Value ($M) | $105 | $109 | $105 | $110 | $102 | $104 | $105 | $105 |
| ▁▂▆▃▄▁█▃ | Gross Loans ($M) | $813 | $815 | $825 | $817 | $821 | $810 | $834 | $817 |
| ▄▁▁█▅▅▃█ | Total Deposits ($M) | $1,023 | $988 | $992 | $1,063 | $1,035 | $1,034 | $1,013 | $1,057 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |