Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.70% | -0.03 | 1.74% |
| Return on Equity (%) | ▲ | 18.74% | +0.19 | 18.55% |
| Net Interest Margin (%) | ▼ | 4.15% | -0.09 | 4.24% |
| Efficiency Ratio (%) | ▲ | 55.60% | -2.52 | 58.12% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.40 | $4 |
| Cost of Funds (%) | ▲ | 1.94% | -0.18 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $826 | +45.24 | $781 |
| Gross Loans ($M) | ▲ | $617 | +20.19 | $597 |
| Loan Growth YoY (%) | ▼ | 81.39% | -2.08 | 83.47% |
| Total Deposits ($M) | ▲ | $749 | +42.86 | $706 |
| Shareholders Equity ($M) | ▲ | $75 | +2.63 | $73 |
| Tang. Book Value ($M) | ▲ | $75 | +2.63 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +3.09 | $79 |
| Loan / Deposit Ratio (%) | ▼ | 81.39% | -2.08 | 83.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.96% | +0.75 | 0.21% |
| Allowance / Loans (%) | — | 1.20% | -0.05% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 1.11% | +0.84 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.75% | -0.48 | 14.23% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▄▇█▇▁ | Net Interest Margin (%) | 4.30% | 4.32% | 4.34% | 4.24% | 4.29% | 4.32% | 4.31% | 4.15% |
| ▆█▆▁▂▃▂▁ | Return on Assets (%) | 1.88% | 1.98% | 1.88% | 1.74% | 1.77% | 1.78% | 1.75% | 1.70% |
| ▁▁▂██▇▇▅ | Efficiency Ratio (%) | 52.9% | 52.4% | 53.3% | 58.1% | 58.5% | 57.5% | 57.7% | 55.6% |
| ▅██▅▄▅▂▁ | Cost of Funds (%) | 2.11% | 2.25% | 2.23% | 2.12% | 2.09% | 2.11% | 2.01% | 1.94% |
| ▁▁▁▁▃███ | NPA / Assets (%) | 0.21% | 0.21% | 0.27% | 0.21% | 0.43% | 0.89% | 0.94% | 0.96% |
| ▁▁▁▁▃███ | Net Charge-Off Ratio (%) | 0.28% | 0.28% | 0.36% | 0.27% | 0.56% | 1.15% | 1.21% | 1.11% |
| ▃▄▇▅▁▄██ | Tang. Book Value ($M) | $71 | $71 | $74 | $73 | $68 | $71 | $75 | $75 |
| ▅▅▃▁▄███ | Gross Loans ($M) | $609 | $608 | $604 | $597 | $606 | $617 | $618 | $617 |
| ▄▁▁▁▃▄▇█ | Total Deposits ($M) | $724 | $707 | $704 | $706 | $717 | $724 | $743 | $749 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 27% |