Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.01% | -0.14 | 1.15% |
| Return on Equity (%) | ▼ | 4.37% | -0.16 | 4.53% |
| Net Interest Margin (%) | ▼ | 3.52% | -0.18 | 3.70% |
| Efficiency Ratio (%) | ▼ | 55.87% | +2.56 | 53.31% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.24 | $4 |
| Cost of Funds (%) | ▲ | 2.00% | -0.07 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,114 | +151.29 | $963 |
| Gross Loans ($M) | ▲ | $824 | +104.34 | $720 |
| Loan Growth YoY (%) | ▼ | 97.02% | -4.52 | 101.55% |
| Total Deposits ($M) | ▲ | $840 | +140.68 | $699 |
| Shareholders Equity ($M) | ▲ | $259 | +14.17 | $245 |
| Tang. Book Value ($M) | ▲ | $221 | +14.31 | $207 |
| TBV excl. AOCI ($M)** | ▲ | $225 | +14.33 | $211 |
| Loan / Deposit Ratio (%) | ▼ | 97.02% | -4.52 | 101.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.61% | +0.37 | 0.24% |
| Allowance / Loans (%) | — | 1.14% | -0.24% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.82% | +0.52 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▇▃▅▅▄▁ | Net Interest Margin (%) | 3.99% | 4.06% | 3.98% | 3.70% | 3.82% | 3.84% | 3.78% | 3.52% |
| ▂▂█▁▂▂▂▁ | Return on Assets (%) | 1.24% | 1.29% | 2.18% | 1.15% | 1.22% | 1.27% | 1.22% | 1.01% |
| ▂▁▆▅▃▁▁█ | Efficiency Ratio (%) | 51.5% | 51.1% | 54.1% | 53.3% | 52.0% | 50.6% | 51.2% | 55.9% |
| █▇▅▂▁▂▄▁ | Cost of Funds (%) | 2.48% | 2.41% | 2.28% | 2.06% | 1.97% | 2.05% | 2.18% | 2.00% |
| █▆▁▁▁▁▄▄ | NPA / Assets (%) | 1.09% | 0.79% | 0.25% | 0.24% | 0.24% | 0.26% | 0.64% | 0.61% |
| █▆▁▁▁▁▄▄ | Net Charge-Off Ratio (%) | 1.47% | 1.04% | 0.33% | 0.30% | 0.28% | 0.34% | 0.84% | 0.82% |
| ▁▂▄▅▆▇██ | Tang. Book Value ($M) | $188 | $193 | $203 | $207 | $211 | $215 | $218 | $221 |
| ▁▁▁▃▇▇██ | Gross Loans ($M) | $664 | $682 | $664 | $720 | $798 | $816 | $841 | $824 |
| ▁▁▂▃▄███ | Total Deposits ($M) | $646 | $644 | $682 | $699 | $737 | $816 | $834 | $840 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 36% |