Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.25 | 0.86% |
| Return on Equity (%) | ▲ | 11.94% | +2.27 | 9.67% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.10 | 4.06% |
| Efficiency Ratio (%) | ▲ | 67.45% | -6.36 | 73.80% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.20 | $3 |
| Cost of Funds (%) | ▲ | 0.99% | -0.05 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,164 | +98.15 | $1,065 |
| Gross Loans ($M) | ▲ | $646 | +39.02 | $607 |
| Loan Growth YoY (%) | ▼ | 60.61% | -1.57 | 62.18% |
| Total Deposits ($M) | ▲ | $1,047 | +88.90 | $958 |
| Shareholders Equity ($M) | ▲ | $107 | +11.38 | $96 |
| Tang. Book Value ($M) | ▲ | $107 | +11.38 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $128 | +15.14 | $113 |
| Loan / Deposit Ratio (%) | ▼ | 60.61% | -1.57 | 62.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.79% | -0.04 | 0.82% |
| Allowance / Loans (%) | — | 1.70% | -0.08% | 1.79% |
| Net Charge-Off Ratio (%) | ▲ | 1.42% | -0.03 | 1.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 29.51% | -1.22 | 30.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▁▃▂▁▄█ | Net Interest Margin (%) | 4.05% | 4.03% | 4.01% | 4.06% | 4.05% | 4.02% | 4.07% | 4.16% |
| ▄▁▁▃▅▆▆█ | Return on Assets (%) | 0.90% | 0.76% | 0.72% | 0.86% | 0.94% | 0.98% | 0.97% | 1.11% |
| ▂▃▃█▆▄▄▁ | Efficiency Ratio (%) | 68.6% | 69.1% | 69.5% | 73.8% | 72.0% | 70.3% | 70.2% | 67.4% |
| ▁██▅▄▅▆▃ | Cost of Funds (%) | 0.91% | 1.13% | 1.15% | 1.04% | 1.02% | 1.04% | 1.07% | 0.99% |
| ▁▂█▆▇██▆ | NPA / Assets (%) | 0.53% | 0.59% | 0.94% | 0.82% | 0.88% | 0.94% | 0.92% | 0.79% |
| ▁▁█▆▇██▆ | Net Charge-Off Ratio (%) | 0.95% | 1.01% | 1.57% | 1.45% | 1.53% | 1.65% | 1.62% | 1.42% |
| ▁▅▂▅▆███ | Tang. Book Value ($M) | $84 | $97 | $89 | $96 | $100 | $107 | $106 | $107 |
| ▁▃▄▄▆███ | Gross Loans ($M) | $573 | $600 | $603 | $607 | $624 | $648 | $643 | $646 |
| ▂▁▁▃▅▇▇█ | Total Deposits ($M) | $930 | $908 | $909 | $958 | $978 | $1,025 | $1,022 | $1,047 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 42% |
| Interest-Bearing (core) | 30% |
| Brokered / Other | 28% |