Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.93% | +0.17 | 0.76% |
| Return on Equity (%) | ▲ | 6.60% | +0.49 | 6.11% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.33 | 3.55% |
| Efficiency Ratio (%) | ▼ | 72.19% | +0.35 | 71.84% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.16 | $2 |
| Cost of Funds (%) | ▲ | 1.06% | -0.14 | 1.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $843 | +0.69 | $843 |
| Gross Loans ($M) | ▼ | $616 | -6.00 | $622 |
| Loan Growth YoY (%) | ▲ | 85.65% | +0.75 | 84.90% |
| Total Deposits ($M) | ▼ | $712 | -13.33 | $725 |
| Shareholders Equity ($M) | ▲ | $120 | +12.75 | $107 |
| Tang. Book Value ($M) | ▲ | $117 | +12.75 | $105 |
| TBV excl. AOCI ($M)** | ▲ | $126 | +12.87 | $113 |
| Loan / Deposit Ratio (%) | ▲ | 85.65% | +0.75 | 84.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.07 | 0.21% |
| Allowance / Loans (%) | — | 0.99% | 0.00% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.39% | +0.10 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.98% | +2.62 | 20.36% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 3.03% | 3.09% | 3.19% | 3.55% | 3.62% | 3.69% | 3.74% | 3.88% |
| ▃▄▃▁▆██▄ | Return on Assets (%) | 0.86% | 0.89% | 0.86% | 0.76% | 0.98% | 1.11% | 1.07% | 0.93% |
| ▅█▇▁▄▂▄▁ | Efficiency Ratio (%) | 74.1% | 75.8% | 74.9% | 71.8% | 73.6% | 72.7% | 73.7% | 72.2% |
| ██▅▃▃▂▂▁ | Cost of Funds (%) | 1.53% | 1.57% | 1.35% | 1.21% | 1.22% | 1.16% | 1.14% | 1.06% |
| ▁▁▂▂▃▅█▆ | NPA / Assets (%) | 0.19% | 0.20% | 0.21% | 0.21% | 0.23% | 0.27% | 0.32% | 0.28% |
| ▁▁▁▁▂▅█▆ | Net Charge-Off Ratio (%) | 0.27% | 0.28% | 0.29% | 0.29% | 0.31% | 0.37% | 0.43% | 0.39% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $96 | $103 | $100 | $105 | $108 | $113 | $116 | $117 |
| ▁▃▅█▇▅▆▇ | Gross Loans ($M) | $596 | $606 | $611 | $622 | $618 | $611 | $613 | $616 |
| ▂▇██▁▄▂▃ | Total Deposits ($M) | $709 | $722 | $726 | $725 | $707 | $716 | $709 | $712 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 9% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 8% |