Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.54% | +0.10 | 0.44% |
| Return on Equity (%) | ▲ | 5.48% | +0.85 | 4.63% |
| Net Interest Margin (%) | ▲ | 2.87% | +0.33 | 2.54% |
| Efficiency Ratio (%) | ▲ | 76.82% | -1.70 | 78.52% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.58 | $2 |
| Cost of Funds (%) | ▲ | 1.86% | -0.23 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,528 | +37.37 | $1,490 |
| Gross Loans ($M) | ▲ | $1,280 | +7.66 | $1,273 |
| Loan Growth YoY (%) | ▼ | 101.33% | -2.38 | 103.71% |
| Total Deposits ($M) | ▲ | $1,248 | +36.06 | $1,212 |
| Shareholders Equity ($M) | ▲ | $152 | +11.01 | $141 |
| Tang. Book Value ($M) | ▲ | $148 | +11.36 | $136 |
| TBV excl. AOCI ($M)** | ▲ | $156 | +11.95 | $144 |
| Loan / Deposit Ratio (%) | ▼ | 101.33% | -2.38 | 103.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.19 | 0.03% |
| Allowance / Loans (%) | — | 1.25% | -0.01% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.22 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.17% | +0.35 | 11.82% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▇█ | Net Interest Margin (%) | 2.24% | 2.27% | 2.30% | 2.54% | 2.58% | 2.63% | 2.74% | 2.87% |
| ▁▁▂▅▆▇██ | Return on Assets (%) | 0.26% | 0.28% | 0.34% | 0.44% | 0.47% | 0.51% | 0.56% | 0.54% |
| ███▃▂▁▁▁ | Efficiency Ratio (%) | 83.7% | 83.9% | 83.3% | 78.5% | 78.1% | 77.2% | 76.3% | 76.8% |
| ██▅▄▃▃▁▁ | Cost of Funds (%) | 2.42% | 2.44% | 2.22% | 2.10% | 2.07% | 2.05% | 1.88% | 1.86% |
| ▁▁▁▁█▇██ | NPA / Assets (%) | 0.04% | 0.03% | 0.03% | 0.03% | 0.20% | 0.19% | 0.20% | 0.21% |
| ▁▁▁▁█▇██ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.04% | 0.03% | 0.23% | 0.22% | 0.24% | 0.26% |
| ▁▂▂▃▅▆██ | Tang. Book Value ($M) | $130 | $134 | $133 | $136 | $139 | $142 | $146 | $148 |
| ▆▂▁▂▄▆█▃ | Gross Loans ($M) | $1,299 | $1,268 | $1,259 | $1,273 | $1,286 | $1,299 | $1,317 | $1,280 |
| ▁▁▂▄▃▄█▆ | Total Deposits ($M) | $1,163 | $1,144 | $1,176 | $1,212 | $1,187 | $1,206 | $1,294 | $1,248 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 8% |