Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.85% | -0.29 | 1.14% |
| Return on Equity (%) | ▼ | 6.46% | -3.39 | 9.85% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.19 | 3.82% |
| Efficiency Ratio (%) | ▲ | 68.21% | -4.67 | 72.87% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.50 | $2 |
| Cost of Funds (%) | ▲ | 1.96% | -0.27 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $915 | -24.83 | $940 |
| Gross Loans ($M) | ▲ | $706 | +29.45 | $677 |
| Loan Growth YoY (%) | ▲ | 89.01% | +7.55 | 81.46% |
| Total Deposits ($M) | ▼ | $783 | -35.29 | $818 |
| Shareholders Equity ($M) | ▲ | $120 | +10.94 | $109 |
| Tang. Book Value ($M) | ▲ | $114 | +12.46 | $102 |
| TBV excl. AOCI ($M)** | ▲ | $119 | +12.89 | $107 |
| Loan / Deposit Ratio (%) | ▲ | 89.01% | +7.55 | 81.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.41% | +0.80 | 0.61% |
| Allowance / Loans (%) | — | 1.31% | -0.19% | 1.50% |
| Net Charge-Off Ratio (%) | ▼ | 1.83% | +0.99 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.71% | +1.15 | 13.56% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▅▆▆▆▆█ | Net Interest Margin (%) | 3.42% | 3.66% | 3.76% | 3.82% | 3.84% | 3.82% | 3.83% | 4.01% |
| ▁▃▃████▇ | Return on Assets (%) | -0.70% | -0.14% | -0.06% | 1.14% | 1.11% | 1.03% | 0.98% | 0.85% |
| █▅▅▂▂▂▂▁ | Efficiency Ratio (%) | 96.6% | 84.3% | 85.7% | 72.9% | 72.5% | 72.8% | 72.5% | 68.2% |
| ▇▇█▆▅▇▃▁ | Cost of Funds (%) | 2.32% | 2.33% | 2.39% | 2.24% | 2.19% | 2.30% | 2.11% | 1.96% |
| ▂▁▂▂▁█▇█ | NPA / Assets (%) | 0.48% | 0.35% | 0.51% | 0.61% | 0.47% | 1.33% | 1.27% | 1.41% |
| ▁▁▂▃▂█▇█ | Net Charge-Off Ratio (%) | 0.61% | 0.47% | 0.70% | 0.84% | 0.64% | 1.73% | 1.60% | 1.83% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $94 | $97 | $98 | $102 | $105 | $110 | $112 | $114 |
| █▄▁▁▁▂▅▅ | Gross Loans ($M) | $735 | $703 | $676 | $677 | $676 | $691 | $712 | $706 |
| ▂▄▅█▆▁▁▃ | Total Deposits ($M) | $775 | $789 | $797 | $818 | $798 | $763 | $763 | $783 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 7% |