Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.89% | -0.02 | 0.91% |
| Return on Equity (%) | ▲ | 9.07% | +0.67 | 8.40% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.34 | 3.14% |
| Efficiency Ratio (%) | ▼ | 61.31% | +1.01 | 60.30% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.34 | $3 |
| Cost of Funds (%) | ▲ | 2.87% | -0.03 | 2.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,078 | +142.93 | $935 |
| Gross Loans ($M) | ▲ | $896 | +111.45 | $784 |
| Loan Growth YoY (%) | ▼ | 95.68% | -2.68 | 98.37% |
| Total Deposits ($M) | ▲ | $924 | +137.48 | $787 |
| Shareholders Equity ($M) | ▲ | $105 | +4.66 | $100 |
| Tang. Book Value ($M) | ▲ | $105 | +4.66 | $100 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +6.28 | $103 |
| Loan / Deposit Ratio (%) | ▼ | 95.68% | -2.68 | 98.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.33 | 0.56% |
| Allowance / Loans (%) | — | 1.25% | -0.05% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.41 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.01% | -0.94 | 11.95% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▄▆▅█ | Net Interest Margin (%) | 3.10% | 3.14% | 3.15% | 3.14% | 3.28% | 3.36% | 3.32% | 3.49% |
| ███▅▇█▁▅ | Return on Assets (%) | 1.06% | 1.07% | 1.07% | 0.91% | 1.00% | 1.05% | 0.65% | 0.89% |
| ▁▁▁▇▅▅██ | Efficiency Ratio (%) | 53.9% | 54.2% | 54.7% | 60.3% | 57.8% | 58.4% | 60.5% | 61.3% |
| █▇▆▃▃▅▁▃ | Cost of Funds (%) | 3.20% | 3.12% | 3.07% | 2.90% | 2.92% | 3.02% | 2.76% | 2.87% |
| ██▅▄▄▆▄▁ | NPA / Assets (%) | 0.89% | 0.89% | 0.59% | 0.56% | 0.55% | 0.71% | 0.50% | 0.22% |
| ██▅▄▄▆▄▁ | Net Charge-Off Ratio (%) | 1.08% | 1.10% | 0.70% | 0.66% | 0.65% | 0.84% | 0.60% | 0.25% |
| ▁▂▃▄▇█▇█ | Tang. Book Value ($M) | $95 | $98 | $99 | $100 | $102 | $105 | $103 | $105 |
| ▁▁▄▄▅▅▇█ | Gross Loans ($M) | $685 | $703 | $765 | $784 | $798 | $809 | $864 | $896 |
| ▁▂▃▄▄▅██ | Total Deposits ($M) | $680 | $719 | $751 | $787 | $800 | $832 | $898 | $924 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 32% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 24% |