Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.58% | +0.17 | 0.41% |
| Return on Equity (%) | ▲ | 5.54% | +1.37 | 4.17% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.55 | 3.03% |
| Efficiency Ratio (%) | ▲ | 69.38% | -11.28 | 80.66% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.87 | $1 |
| Cost of Funds (%) | ▲ | 1.92% | -0.36 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $632 | +12.43 | $620 |
| Gross Loans ($M) | ▼ | $486 | -1.38 | $488 |
| Loan Growth YoY (%) | ▼ | 85.03% | -1.47 | 86.51% |
| Total Deposits ($M) | ▲ | $564 | +8.21 | $556 |
| Shareholders Equity ($M) | ▲ | $65 | +4.29 | $61 |
| Tang. Book Value ($M) | ▲ | $61 | +4.34 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +4.17 | $60 |
| Loan / Deposit Ratio (%) | ▼ | 85.03% | -1.47 | 86.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.39% | +0.09 | 2.30% |
| Allowance / Loans (%) | — | 1.35% | -0.03% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 3.10% | +0.18 | 2.93% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.68% | +0.50 | 13.18% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▇▇█ | Net Interest Margin (%) | 2.26% | 2.35% | 2.34% | 3.03% | 3.17% | 3.30% | 3.34% | 3.58% |
| ▂▁▁▅▅▆▅█ | Return on Assets (%) | 0.27% | 0.19% | 0.19% | 0.41% | 0.43% | 0.46% | 0.43% | 0.58% |
| ███▄▄▃▄▁ | Efficiency Ratio (%) | 94.2% | 95.2% | 93.1% | 80.7% | 79.6% | 78.7% | 80.6% | 69.4% |
| ██▆▃▃▂▂▁ | Cost of Funds (%) | 3.03% | 2.92% | 2.68% | 2.28% | 2.32% | 2.18% | 2.09% | 1.92% |
| ▁▄▅▅███▇ | NPA / Assets (%) | 1.90% | 2.21% | 2.23% | 2.30% | 2.50% | 2.55% | 2.49% | 2.39% |
| ▁▅▅▆██▇█ | Net Charge-Off Ratio (%) | 2.42% | 2.83% | 2.84% | 2.93% | 3.13% | 3.19% | 3.07% | 3.10% |
| ▁▃▁▃▄▇██ | Tang. Book Value ($M) | $55 | $57 | $55 | $57 | $58 | $60 | $61 | $61 |
| ▁▃▁▄▆▄█▃ | Gross Loans ($M) | $482 | $485 | $482 | $488 | $491 | $488 | $496 | $486 |
| ▁▆▄▆▁▂▁█ | Total Deposits ($M) | $541 | $556 | $550 | $556 | $542 | $544 | $543 | $564 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 16% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 10% |