Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.88% | -0.11 | 1.99% |
| Return on Equity (%) | ▼ | 12.43% | -1.61 | 14.04% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.17 | 4.24% |
| Efficiency Ratio (%) | ▲ | 34.42% | -1.80 | 36.22% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.65 | $7 |
| Cost of Funds (%) | ▲ | 2.19% | -0.43 | 2.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,034 | +37.72 | $996 |
| Gross Loans ($M) | ▲ | $792 | +20.83 | $771 |
| Loan Growth YoY (%) | ▼ | 90.42% | -2.99 | 93.41% |
| Total Deposits ($M) | ▲ | $868 | +49.74 | $818 |
| Shareholders Equity ($M) | ▲ | $156 | +14.91 | $141 |
| Tang. Book Value ($M) | ▲ | $156 | +14.91 | $141 |
| TBV excl. AOCI ($M)** | ▲ | $164 | +16.96 | $147 |
| Loan / Deposit Ratio (%) | ▼ | 90.42% | -2.99 | 93.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.25% | +0.60 | 0.65% |
| Allowance / Loans (%) | — | 0.91% | 0.02% | 0.89% |
| Net Charge-Off Ratio (%) | ▼ | 1.63% | +0.79 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.71% | +0.05 | 18.66% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▅█▇▃ | Net Interest Margin (%) | 4.71% | 4.65% | 4.56% | 4.24% | 4.48% | 4.68% | 4.65% | 4.41% |
| ▂▃▁▂▄█▄▁ | Return on Assets (%) | 1.97% | 2.04% | 1.91% | 1.99% | 2.10% | 2.36% | 2.10% | 1.88% |
| ▇▅█▄▃▁▄▂ | Efficiency Ratio (%) | 38.6% | 37.4% | 40.0% | 36.2% | 35.4% | 33.4% | 36.1% | 34.4% |
| ▄▇█▇▅▄▂▁ | Cost of Funds (%) | 2.41% | 2.61% | 2.73% | 2.62% | 2.47% | 2.41% | 2.29% | 2.19% |
| ▁▅▅▅▅▄▄█ | NPA / Assets (%) | 0.00% | 0.69% | 0.67% | 0.65% | 0.65% | 0.58% | 0.61% | 1.25% |
| ▁▅▅▅▅▄▅█ | Net Charge-Off Ratio (%) | 0.00% | 0.86% | 0.86% | 0.84% | 0.86% | 0.78% | 0.82% | 1.63% |
| ▁▂▁▃▅█▇█ | Tang. Book Value ($M) | $134 | $139 | $136 | $141 | $147 | $154 | $152 | $156 |
| ▁▂▃▅▃▁▁█ | Gross Loans ($M) | $741 | $753 | $757 | $771 | $757 | $745 | $744 | $792 |
| ▁▃▅▆▆▆▇█ | Total Deposits ($M) | $689 | $753 | $781 | $818 | $817 | $808 | $832 | $868 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 28% |