Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.16% | -0.17 | 2.33% |
| Return on Equity (%) | ▼ | 18.58% | -2.40 | 20.98% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.15 | 4.06% |
| Efficiency Ratio (%) | ▼ | 43.59% | +2.46 | 41.13% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.09 | $5 |
| Cost of Funds (%) | ▲ | 2.47% | -0.49 | 2.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $916 | +23.16 | $893 |
| Gross Loans ($M) | ▲ | $765 | +2.12 | $763 |
| Loan Growth YoY (%) | ▼ | 93.32% | -1.53 | 94.85% |
| Total Deposits ($M) | ▲ | $804 | +15.81 | $788 |
| Shareholders Equity ($M) | ▲ | $108 | +7.16 | $101 |
| Tang. Book Value ($M) | ▲ | $108 | +7.16 | $101 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +7.16 | $102 |
| Loan / Deposit Ratio (%) | ▼ | 93.32% | -1.53 | 94.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.67 | 0.92% |
| Allowance / Loans (%) | — | 1.96% | -0.08% | 2.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.69 | 0.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.54% | +0.71 | 12.84% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▃▃▆███ | Net Interest Margin (%) | 4.00% | 4.10% | 4.07% | 4.06% | 4.14% | 4.21% | 4.21% | 4.21% |
| ▁▅▄██▇█▃ | Return on Assets (%) | 2.08% | 2.24% | 2.20% | 2.33% | 2.34% | 2.29% | 2.31% | 2.16% |
| ▅▂▅▃▃▁▁█ | Efficiency Ratio (%) | 42.1% | 40.7% | 41.9% | 41.1% | 41.0% | 40.1% | 40.3% | 43.6% |
| ███▅▅▅▄▁ | Cost of Funds (%) | 3.21% | 3.28% | 3.22% | 2.97% | 2.91% | 2.88% | 2.83% | 2.47% |
| ▇▁▂█▄▄▂▂ | NPA / Assets (%) | 0.75% | 0.15% | 0.25% | 0.92% | 0.45% | 0.51% | 0.31% | 0.25% |
| ▆▁▂█▅▅▃▂ | Net Charge-Off Ratio (%) | 0.71% | 0.03% | 0.15% | 0.94% | 0.52% | 0.56% | 0.29% | 0.25% |
| ▁▂▂▅▅▆▆█ | Tang. Book Value ($M) | $92 | $96 | $96 | $101 | $101 | $103 | $103 | $108 |
| ▁▁▄▆█▄▄▇ | Gross Loans ($M) | $738 | $736 | $750 | $763 | $773 | $752 | $750 | $765 |
| ▁▂▄▆▇█▆█ | Total Deposits ($M) | $745 | $757 | $776 | $788 | $799 | $812 | $792 | $804 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 26% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 20% |