Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 3.65% | -0.97 | 4.62% |
| Return on Equity (%) | ▼ | 7.74% | -2.94 | 10.68% |
| Net Interest Margin (%) | ▲ | 6.51% | +0.09 | 6.42% |
| Efficiency Ratio (%) | ▲ | 20.86% | -0.91 | 21.77% |
| Pre-Provision Profit ($M) | ▼ | $6 | -0.32 | $6 |
| Cost of Funds (%) | ▲ | 1.55% | -0.37 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $505 | -28.71 | $533 |
| Gross Loans ($M) | ▼ | $393 | -19.79 | $413 |
| Loan Growth YoY (%) | ▲ | 148.42% | +11.41 | 137.01% |
| Total Deposits ($M) | ▼ | $258 | -33.44 | $291 |
| Shareholders Equity ($M) | ▲ | $239 | +4.76 | $234 |
| Tang. Book Value ($M) | ▲ | $239 | +4.76 | $234 |
| Loan / Deposit Ratio (%) | ▲ | 148.42% | +11.41 | 137.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.73% | +0.08 | 2.65% |
| Allowance / Loans (%) | — | 2.72% | -0.70% | 3.41% |
| Net Charge-Off Ratio (%) | ▼ | 3.50% | +0.08 | 3.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 52.65% | +7.09 | 45.56% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▁▂▄▃▁ | Net Interest Margin (%) | 7.52% | 7.92% | 7.82% | 6.42% | 6.67% | 6.99% | 6.89% | 6.51% |
| ▇█▇▃▄▆▇▁ | Return on Assets (%) | 5.86% | 6.59% | 6.05% | 4.62% | 4.86% | 5.65% | 5.89% | 3.65% |
| ▁▁▂█▆▇▆█ | Efficiency Ratio (%) | 12.4% | 11.1% | 13.0% | 21.8% | 18.7% | 19.2% | 18.8% | 20.9% |
| █▇▅▄▄▃▂▁ | Cost of Funds (%) | 2.42% | 2.23% | 2.03% | 1.92% | 1.94% | 1.80% | 1.66% | 1.55% |
| ▂█▁█████ | NPA / Assets (%) | 0.85% | 2.63% | 0.38% | 2.65% | 2.67% | 2.64% | 2.76% | 2.73% |
| ▁▇▁█████ | Net Charge-Off Ratio (%) | 0.44% | 2.89% | 0.49% | 3.42% | 3.27% | 3.51% | 3.56% | 3.50% |
| ▂▆▁▄▄█▄▆ | Tang. Book Value ($M) | $231 | $239 | $228 | $234 | $235 | $243 | $235 | $239 |
| █▄▄▄▆▁▁▁ | Gross Loans ($M) | $452 | $415 | $413 | $413 | $429 | $395 | $389 | $393 |
| █▇▆▅▄▂▁▁ | Total Deposits ($M) | $322 | $313 | $300 | $291 | $282 | $270 | $259 | $258 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 27% |
| Brokered / Other | 66% |