Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.17 | 1.06% |
| Return on Equity (%) | ▲ | 5.47% | +0.61 | 4.86% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.29 | 3.46% |
| Efficiency Ratio (%) | ▲ | 52.82% | -2.71 | 55.53% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.56 | $3 |
| Cost of Funds (%) | ▲ | 2.31% | -0.28 | 2.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $872 | +51.45 | $820 |
| Gross Loans ($M) | ▲ | $727 | +40.65 | $686 |
| Loan Growth YoY (%) | ▼ | 106.81% | -1.03 | 107.84% |
| Total Deposits ($M) | ▲ | $670 | +43.48 | $627 |
| Shareholders Equity ($M) | ▲ | $194 | +8.79 | $185 |
| Tang. Book Value ($M) | ▲ | $194 | +8.79 | $185 |
| TBV excl. AOCI ($M)** | ▲ | $196 | +9.38 | $186 |
| Loan / Deposit Ratio (%) | ▼ | 106.81% | -1.03 | 107.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.13 | 0.21% |
| Allowance / Loans (%) | — | 1.49% | 0.01% | 1.47% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.15 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 29.45% | -1.65 | 31.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▅▄▁▃▄▄█ | Net Interest Margin (%) | 3.65% | 3.63% | 3.56% | 3.46% | 3.54% | 3.59% | 3.59% | 3.74% |
| ██▇▁▂▂▁▅ | Return on Assets (%) | 1.37% | 1.34% | 1.31% | 1.06% | 1.07% | 1.07% | 1.02% | 1.23% |
| ▁▂▃████▆ | Efficiency Ratio (%) | 45.5% | 46.8% | 48.2% | 55.5% | 55.2% | 54.6% | 55.1% | 52.8% |
| ██▇▄▄▄▂▁ | Cost of Funds (%) | 2.89% | 2.89% | 2.79% | 2.59% | 2.55% | 2.57% | 2.40% | 2.31% |
| ██▇████▁ | NPA / Assets (%) | 0.22% | 0.20% | 0.20% | 0.21% | 0.21% | 0.21% | 0.21% | 0.09% |
| ███████▁ | Net Charge-Off Ratio (%) | 0.26% | 0.25% | 0.25% | 0.25% | 0.25% | 0.24% | 0.24% | 0.10% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $177 | $180 | $183 | $185 | $187 | $189 | $191 | $194 |
| █▄▁▁▁▆▅▇ | Gross Loans ($M) | $738 | $706 | $689 | $686 | $688 | $720 | $716 | $727 |
| ▁▁▄▂▁▂▄█ | Total Deposits ($M) | $618 | $615 | $639 | $627 | $621 | $624 | $638 | $670 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 6% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 42% |