Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.03 | 1.54% |
| Return on Equity (%) | ▼ | 17.07% | -1.03 | 18.10% |
| Net Interest Margin (%) | ▼ | 4.27% | -0.03 | 4.31% |
| Efficiency Ratio (%) | ▲ | 61.92% | -0.77 | 62.69% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.12 | $3 |
| Cost of Funds (%) | ▼ | 1.51% | +0.06 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $804 | +9.78 | $794 |
| Gross Loans ($M) | ▲ | $498 | +1.33 | $497 |
| Loan Growth YoY (%) | ▼ | 68.32% | -0.02 | 68.34% |
| Total Deposits ($M) | ▲ | $721 | +1.57 | $719 |
| Shareholders Equity ($M) | ▲ | $76 | +7.26 | $69 |
| Tang. Book Value ($M) | ▲ | $76 | +7.26 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +7.33 | $72 |
| Loan / Deposit Ratio (%) | ▼ | 68.32% | -0.02 | 68.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.39 | 0.47% |
| Allowance / Loans (%) | — | 1.11% | 0.08% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -0.62 | 0.76% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.36% | +0.98 | 14.37% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▆███▅ | Net Interest Margin (%) | 4.01% | 4.11% | 4.20% | 4.31% | 4.45% | 4.47% | 4.47% | 4.27% |
| ▁▄▃▂▇█▆▃ | Return on Assets (%) | 1.48% | 1.60% | 1.59% | 1.54% | 1.72% | 1.78% | 1.70% | 1.58% |
| █▅▇▆▂▁▃▅ | Efficiency Ratio (%) | 64.3% | 62.4% | 63.3% | 62.7% | 60.0% | 59.3% | 61.2% | 61.9% |
| █▇▂▁▆▂▂▃ | Cost of Funds (%) | 1.66% | 1.63% | 1.49% | 1.45% | 1.58% | 1.48% | 1.49% | 1.51% |
| ██▆█▅▃▁▂ | NPA / Assets (%) | 0.50% | 0.44% | 0.34% | 0.47% | 0.30% | 0.15% | 0.00% | 0.08% |
| █▇▆█▁▁▁▂ | Net Charge-Off Ratio (%) | 0.69% | 0.61% | 0.56% | 0.76% | 0.00% | 0.00% | 0.00% | 0.14% |
| ▁▃▃▄▄▇██ | Tang. Book Value ($M) | $63 | $67 | $67 | $68 | $69 | $73 | $74 | $76 |
| ▁▁▄▅██▇▆ | Gross Loans ($M) | $465 | $469 | $485 | $497 | $514 | $517 | $509 | $498 |
| ▄▆▆▅▁▆█▅ | Total Deposits ($M) | $710 | $727 | $729 | $719 | $687 | $731 | $748 | $721 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 8% |