Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.53% | +0.24 | 0.29% |
| Return on Equity (%) | ▲ | 5.93% | +2.53 | 3.40% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.39 | 2.93% |
| Efficiency Ratio (%) | ▲ | 75.20% | -7.90 | 83.10% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.19 | $2 |
| Cost of Funds (%) | ▲ | 1.73% | -0.21 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,391 | +36.56 | $1,354 |
| Gross Loans ($M) | ▲ | $1,156 | +5.58 | $1,150 |
| Loan Growth YoY (%) | ▼ | 100.28% | -2.01 | 102.29% |
| Total Deposits ($M) | ▲ | $1,139 | +27.33 | $1,112 |
| Shareholders Equity ($M) | ▲ | $125 | +6.48 | $118 |
| Tang. Book Value ($M) | ▲ | $121 | +6.47 | $115 |
| TBV excl. AOCI ($M)** | ▲ | $128 | +6.83 | $121 |
| Loan / Deposit Ratio (%) | ▼ | 100.28% | -2.01 | 102.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.03 | 0.56% |
| Allowance / Loans (%) | — | 1.13% | 0.04% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.71% | +0.05 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.93% | +0.43 | 12.50% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 2.71% | 2.71% | 2.76% | 2.93% | 2.95% | 3.01% | 3.07% | 3.33% |
| ▄▁▁▃▂▂▂█ | Return on Assets (%) | 0.36% | 0.21% | 0.23% | 0.29% | 0.26% | 0.29% | 0.27% | 0.53% |
| ▄▅▅▇██▆▁ | Efficiency Ratio (%) | 79.5% | 80.2% | 80.4% | 83.1% | 85.2% | 85.0% | 82.1% | 75.2% |
| ▅█▆▆▇▄▂▁ | Cost of Funds (%) | 1.92% | 2.07% | 1.97% | 1.94% | 1.99% | 1.87% | 1.81% | 1.73% |
| █▃▄▅▅▅▁▆ | NPA / Assets (%) | 0.67% | 0.50% | 0.54% | 0.56% | 0.57% | 0.55% | 0.41% | 0.59% |
| █▃▄▅▅▅▁▆ | Net Charge-Off Ratio (%) | 0.79% | 0.59% | 0.63% | 0.66% | 0.67% | 0.65% | 0.49% | 0.71% |
| ▁▃▁▃▄▆▇█ | Tang. Book Value ($M) | $112 | $115 | $112 | $115 | $116 | $118 | $120 | $121 |
| █▆▂▂▁▁▃▃ | Gross Loans ($M) | $1,178 | $1,168 | $1,151 | $1,150 | $1,147 | $1,143 | $1,155 | $1,156 |
| ▁▁▇▆▅▅██ | Total Deposits ($M) | $1,047 | $1,051 | $1,121 | $1,112 | $1,100 | $1,097 | $1,135 | $1,139 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 9% |
| Consumer | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 6% |