Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.45% | +0.21 | 0.23% |
| Return on Equity (%) | ▲ | 4.71% | +2.21 | 2.50% |
| Net Interest Margin (%) | ▲ | 2.90% | +0.30 | 2.59% |
| Efficiency Ratio (%) | ▲ | 80.32% | -9.65 | 89.98% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.35 | $1 |
| Cost of Funds (%) | ▲ | 1.88% | -0.29 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,673 | +49.49 | $1,623 |
| Gross Loans ($M) | ▲ | $1,461 | +56.80 | $1,404 |
| Loan Growth YoY (%) | ▲ | 103.95% | +2.23 | 101.72% |
| Total Deposits ($M) | ▲ | $1,396 | +25.35 | $1,371 |
| Shareholders Equity ($M) | ▲ | $158 | +7.60 | $151 |
| Tang. Book Value ($M) | ▲ | $157 | +7.68 | $150 |
| TBV excl. AOCI ($M)** | ▲ | $163 | +7.06 | $155 |
| Loan / Deposit Ratio (%) | ▲ | 103.95% | +2.23 | 101.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.90% | +0.89 | 0.02% |
| Allowance / Loans (%) | — | 0.67% | -0.04% | 0.70% |
| Net Charge-Off Ratio (%) | ▼ | 1.03% | +1.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 2.15% | 2.21% | 2.26% | 2.59% | 2.62% | 2.74% | 2.80% | 2.90% |
| ▁▂▂▂▂███ | Return on Assets (%) | 0.17% | 0.23% | 0.24% | 0.23% | 0.22% | 0.44% | 0.47% | 0.45% |
| █▇▇██▂▁▁ | Efficiency Ratio (%) | 90.4% | 88.5% | 88.0% | 90.0% | 90.0% | 81.3% | 79.8% | 80.3% |
| ██▇▅▃▂▁▁ | Cost of Funds (%) | 2.44% | 2.43% | 2.36% | 2.17% | 2.08% | 1.99% | 1.95% | 1.88% |
| ▁▁▁▁█▇██ | NPA / Assets (%) | 0.07% | 0.05% | 0.06% | 0.02% | 1.02% | 0.83% | 0.93% | 0.90% |
| ▁▁▁▁█▇██ | Net Charge-Off Ratio (%) | 0.08% | 0.06% | 0.06% | 0.02% | 1.17% | 0.97% | 1.07% | 1.03% |
| ▁▂▂▂▃▆██ | Tang. Book Value ($M) | $147 | $149 | $149 | $150 | $150 | $154 | $157 | $157 |
| ▃▁▁▂▅▅██ | Gross Loans ($M) | $1,408 | $1,388 | $1,393 | $1,404 | $1,429 | $1,432 | $1,458 | $1,461 |
| ▅▁▅▆▆█▃█ | Total Deposits ($M) | $1,357 | $1,311 | $1,362 | $1,371 | $1,369 | $1,401 | $1,337 | $1,396 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 3% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 20% |