Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.29 | 0.92% |
| Return on Equity (%) | ▲ | 13.45% | +4.40 | 9.05% |
| Net Interest Margin (%) | ▼ | 3.49% | -0.23 | 3.72% |
| Efficiency Ratio (%) | ▲ | 64.14% | -3.97 | 68.11% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.61 | $2 |
| Cost of Funds (%) | ▼ | 2.25% | +0.07 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $940 | +111.94 | $828 |
| Gross Loans ($M) | ▲ | $618 | +23.20 | $595 |
| Loan Growth YoY (%) | ▼ | 72.08% | -7.54 | 79.62% |
| Total Deposits ($M) | ▲ | $847 | +109.22 | $738 |
| Shareholders Equity ($M) | ▲ | $84 | +2.66 | $81 |
| Tang. Book Value ($M) | ▲ | $83 | +2.66 | $80 |
| TBV excl. AOCI ($M)** | ▲ | $89 | +3.85 | $85 |
| Loan / Deposit Ratio (%) | ▼ | 72.08% | -7.54 | 79.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.91% | -0.91 | 1.82% |
| Allowance / Loans (%) | — | 1.24% | -0.02% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 1.39% | -0.69 | 2.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.96% | -0.19 | 13.15% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆█▆▆▇▁ | Net Interest Margin (%) | 3.46% | 3.52% | 3.63% | 3.72% | 3.64% | 3.64% | 3.66% | 3.49% |
| ▁▁▁▆█▇█▇ | Return on Assets (%) | 0.28% | 0.28% | 0.18% | 0.92% | 1.30% | 1.17% | 1.35% | 1.21% |
| ▇███▁▂▂▅ | Efficiency Ratio (%) | 66.9% | 67.7% | 68.4% | 68.1% | 57.6% | 60.0% | 60.2% | 64.1% |
| █▆▅▁▇▇▇▂ | Cost of Funds (%) | 2.52% | 2.43% | 2.35% | 2.18% | 2.44% | 2.47% | 2.47% | 2.25% |
| ██▆▅▃▂▁▁ | NPA / Assets (%) | 2.51% | 2.42% | 1.99% | 1.82% | 1.43% | 1.15% | 0.80% | 0.91% |
| ██▆▄▃▂▁▁ | Net Charge-Off Ratio (%) | 3.03% | 2.96% | 2.36% | 2.08% | 1.73% | 1.48% | 1.22% | 1.39% |
| ▁▄▁▂▃▄█▇ | Tang. Book Value ($M) | $79 | $81 | $80 | $80 | $80 | $81 | $84 | $83 |
| ▅▅▆▁▂▁▇█ | Gross Loans ($M) | $608 | $607 | $612 | $595 | $601 | $598 | $613 | $618 |
| ▁▁▁▄▆███ | Total Deposits ($M) | $678 | $687 | $672 | $738 | $800 | $844 | $843 | $847 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 24% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 30% |