Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.40 | 0.64% |
| Return on Equity (%) | ▲ | 8.84% | +3.13 | 5.71% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.72 | 3.24% |
| Efficiency Ratio (%) | ▲ | 64.31% | -8.34 | 72.65% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.40 | $2 |
| Cost of Funds (%) | ▲ | 1.84% | -0.30 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,051 | +14.51 | $1,037 |
| Gross Loans ($M) | ▲ | $779 | +34.48 | $745 |
| Loan Growth YoY (%) | ▲ | 84.76% | +3.43 | 81.34% |
| Total Deposits ($M) | ▲ | $914 | +4.38 | $910 |
| Shareholders Equity ($M) | ▲ | $125 | +7.08 | $118 |
| Tang. Book Value ($M) | ▲ | $109 | +7.40 | $101 |
| TBV excl. AOCI ($M)** | ▲ | $114 | +9.51 | $105 |
| Loan / Deposit Ratio (%) | ▲ | 84.76% | +3.43 | 81.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.62% | -0.16 | 1.78% |
| Allowance / Loans (%) | — | 0.59% | -0.08% | 0.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.40 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.26% | +0.31 | 11.95% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▃▅▆█ | Net Interest Margin (%) | 3.34% | 3.16% | 3.23% | 3.24% | 3.43% | 3.60% | 3.70% | 3.96% |
| ▅▂▃▁▃▃▄█ | Return on Assets (%) | 0.85% | 0.72% | 0.78% | 0.64% | 0.75% | 0.76% | 0.81% | 1.05% |
| ▃▆▅█▅▃▂▁ | Efficiency Ratio (%) | 66.6% | 70.4% | 69.4% | 72.7% | 68.6% | 66.8% | 66.1% | 64.3% |
| ▂█▃▃▃▂▁▁ | Cost of Funds (%) | 2.02% | 2.68% | 2.10% | 2.13% | 2.06% | 1.98% | 1.85% | 1.84% |
| ▆▂▁██▄▄▄ | NPA / Assets (%) | 1.68% | 1.51% | 1.45% | 1.78% | 1.81% | 1.59% | 1.60% | 1.62% |
| ▅▂▁██▁▁▁ | Net Charge-Off Ratio (%) | 0.42% | 0.21% | 0.14% | 0.59% | 0.59% | 0.13% | 0.16% | 0.19% |
| ██▁▁▂▂▃▄ | Tang. Book Value ($M) | $123 | $122 | $100 | $101 | $104 | $105 | $108 | $109 |
| ▁▆▄▁▂▅█▆ | Gross Loans ($M) | $743 | $776 | $764 | $745 | $752 | $773 | $792 | $779 |
| ▁▃█▆▄▇█▇ | Total Deposits ($M) | $878 | $893 | $922 | $910 | $896 | $912 | $918 | $914 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 13% |