Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.30 | 0.75% |
| Return on Equity (%) | ▲ | 8.31% | +2.38 | 5.93% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.04 | 3.52% |
| Efficiency Ratio (%) | ▲ | 62.42% | -8.54 | 70.96% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.78 | $2 |
| Cost of Funds (%) | ▲ | 2.08% | -0.03 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $924 | +12.78 | $912 |
| Gross Loans ($M) | ▲ | $752 | +30.62 | $721 |
| Loan Growth YoY (%) | ▲ | 100.03% | +3.61 | 96.42% |
| Total Deposits ($M) | ▲ | $743 | +3.50 | $739 |
| Shareholders Equity ($M) | ▲ | $115 | +8.34 | $107 |
| Tang. Book Value ($M) | ▲ | $97 | +8.53 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $99 | +6.98 | $92 |
| Loan / Deposit Ratio (%) | ▲ | 100.03% | +3.61 | 96.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.11 | 0.49% |
| Allowance / Loans (%) | — | 1.18% | 0.01% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.15 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.30% | +0.83 | 11.47% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▆▁▃▃█▃ | Net Interest Margin (%) | 3.57% | 3.59% | 3.62% | 3.52% | 3.56% | 3.57% | 3.67% | 3.56% |
| ▁▂▁▁▄▅▆█ | Return on Assets (%) | 0.77% | 0.81% | 0.78% | 0.75% | 0.87% | 0.91% | 0.94% | 1.05% |
| █▇▆█▅▄▂▁ | Efficiency Ratio (%) | 70.1% | 69.0% | 68.8% | 71.0% | 67.2% | 65.7% | 64.1% | 62.4% |
| ▄██▂▅██▁ | Cost of Funds (%) | 2.15% | 2.24% | 2.23% | 2.11% | 2.18% | 2.24% | 2.24% | 2.08% |
| ▁██▆▆█▃▂ | NPA / Assets (%) | 0.35% | 0.55% | 0.55% | 0.49% | 0.49% | 0.55% | 0.41% | 0.38% |
| ▁██▆▆█▂▂ | Net Charge-Off Ratio (%) | 0.44% | 0.70% | 0.67% | 0.62% | 0.62% | 0.70% | 0.48% | 0.47% |
| ▅██▁▃▅▅▇ | Tang. Book Value ($M) | $94 | $98 | $99 | $89 | $92 | $95 | $95 | $97 |
| ▁▁▃▄▆▅▇█ | Gross Loans ($M) | $693 | $698 | $714 | $721 | $731 | $730 | $743 | $752 |
| ▂▂▁▇█▇▃▇ | Total Deposits ($M) | $697 | $690 | $679 | $739 | $757 | $746 | $703 | $743 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 21% |
| Consumer | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 14% |