Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.98% | +0.39 | 1.58% |
| Return on Equity (%) | ▲ | 20.18% | +3.74 | 16.44% |
| Net Interest Margin (%) | ▲ | 4.46% | +0.72 | 3.74% |
| Efficiency Ratio (%) | ▲ | 37.53% | -5.89 | 43.42% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.31 | $6 |
| Cost of Funds (%) | ▲ | 1.70% | -0.19 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,181 | +91.41 | $1,090 |
| Gross Loans ($M) | ▲ | $893 | +59.78 | $833 |
| Loan Growth YoY (%) | ▼ | 85.27% | -2.65 | 87.92% |
| Total Deposits ($M) | ▲ | $1,033 | +98.39 | $934 |
| Shareholders Equity ($M) | ▲ | $117 | +6.43 | $110 |
| Tang. Book Value ($M) | ▲ | $117 | +6.43 | $110 |
| TBV excl. AOCI ($M)** | ▲ | $125 | +7.53 | $117 |
| Loan / Deposit Ratio (%) | ▼ | 85.27% | -2.65 | 87.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.97 | 0.97% |
| Allowance / Loans (%) | — | 1.40% | -0.02% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -1.27 | 1.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.80% | -0.28 | 13.08% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 3.47% | 3.51% | 3.55% | 3.74% | 3.84% | 3.96% | 4.01% | 4.46% |
| ▁▁▁▄▃▅▅█ | Return on Assets (%) | 1.32% | 1.36% | 1.39% | 1.58% | 1.55% | 1.65% | 1.66% | 1.98% |
| ███▅▆▅▅▁ | Efficiency Ratio (%) | 48.5% | 48.1% | 47.9% | 43.4% | 45.0% | 43.1% | 43.3% | 37.5% |
| ▇█▆▅▄▃▁▁ | Cost of Funds (%) | 1.98% | 2.04% | 1.91% | 1.89% | 1.82% | 1.77% | 1.66% | 1.70% |
| ▆▂▁█▁▁▁▁ | NPA / Assets (%) | 0.64% | 0.13% | 0.05% | 0.97% | 0.06% | 0.06% | 0.04% | 0.00% |
| ▅▁▁█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.64% | 0.08% | 0.07% | 1.27% | 0.09% | 0.08% | 0.05% | 0.00% |
| ▁▄▃▆▅▇▆█ | Tang. Book Value ($M) | $98 | $105 | $104 | $110 | $108 | $114 | $111 | $117 |
| ▃▄▂▁▁▂▄█ | Gross Loans ($M) | $849 | $851 | $841 | $833 | $825 | $839 | $852 | $893 |
| ▁▁▅▁▂▁▆█ | Total Deposits ($M) | $924 | $934 | $989 | $934 | $939 | $933 | $993 | $1,033 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 6% |