Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.30 | 1.01% |
| Return on Equity (%) | ▲ | 12.79% | +3.22 | 9.57% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.16 | 2.92% |
| Efficiency Ratio (%) | ▲ | 47.03% | -3.28 | 50.32% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.81 | $4 |
| Cost of Funds (%) | ▲ | 2.42% | -0.04 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,085 | +78.86 | $1,006 |
| Gross Loans ($M) | ▲ | $862 | +41.00 | $821 |
| Loan Growth YoY (%) | ▼ | 94.52% | -5.57 | 100.09% |
| Total Deposits ($M) | ▲ | $903 | +91.47 | $812 |
| Shareholders Equity ($M) | ▲ | $111 | +4.61 | $106 |
| Tang. Book Value ($M) | ▲ | $111 | +4.61 | $106 |
| TBV excl. AOCI ($M)** | ▲ | $117 | +8.46 | $109 |
| Loan / Deposit Ratio (%) | ▼ | 94.52% | -5.57 | 100.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.30 | 0.35% |
| Allowance / Loans (%) | — | 0.91% | -0.08% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.07 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.10% | +0.00 | 12.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▆▇▇█ | Net Interest Margin (%) | 2.71% | 2.76% | 2.80% | 2.92% | 2.96% | 3.01% | 3.03% | 3.08% |
| ▂▁▃▂███▇ | Return on Assets (%) | 1.00% | 0.94% | 1.06% | 1.01% | 1.33% | 1.33% | 1.37% | 1.31% |
| █▇▆▃▁▂▁▁ | Efficiency Ratio (%) | 56.2% | 54.2% | 53.6% | 50.3% | 47.3% | 48.5% | 47.8% | 47.0% |
| ▁▄▆▄▅█▆▃ | Cost of Funds (%) | 2.30% | 2.43% | 2.51% | 2.45% | 2.49% | 2.61% | 2.50% | 2.42% |
| █████▇▂▁ | NPA / Assets (%) | 0.35% | 0.34% | 0.35% | 0.35% | 0.35% | 0.30% | 0.09% | 0.06% |
| ██▄▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.42% | 0.40% | 0.20% | 0.10% | 0.00% | 0.04% | 0.04% | 0.04% |
| ▂▃▁▃▆█▇▇ | Tang. Book Value ($M) | $105 | $106 | $103 | $106 | $110 | $112 | $110 | $111 |
| ▁▅▄▅▅▇▇█ | Gross Loans ($M) | $764 | $813 | $806 | $821 | $823 | $839 | $847 | $862 |
| ▁▁▃▄▅▆██ | Total Deposits ($M) | $736 | $754 | $794 | $812 | $822 | $852 | $897 | $903 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 11% |