Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.59% | -0.03 | 1.63% |
| Return on Equity (%) | ▼ | 13.33% | -0.48 | 13.81% |
| Net Interest Margin (%) | ▼ | 4.25% | -0.10 | 4.35% |
| Efficiency Ratio (%) | ▼ | 53.61% | +1.93 | 51.68% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.10 | $4 |
| Cost of Funds (%) | ▼ | 1.95% | +0.06 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $723 | +44.35 | $679 |
| Gross Loans ($M) | ▲ | $586 | +70.54 | $515 |
| Loan Growth YoY (%) | ▲ | 99.06% | +3.03 | 96.03% |
| Total Deposits ($M) | ▲ | $584 | +53.95 | $530 |
| Shareholders Equity ($M) | ▲ | $88 | +6.58 | $81 |
| Tang. Book Value ($M) | ▲ | $86 | +6.76 | $80 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +6.71 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 99.06% | +3.03 | 96.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.84% | +0.95 | 0.89% |
| Allowance / Loans (%) | — | 1.26% | 0.03% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 2.27% | +1.10 | 1.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.55% | -0.85 | 15.40% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇███▅ | Net Interest Margin (%) | 4.01% | 4.06% | 4.12% | 4.35% | 4.43% | 4.44% | 4.41% | 4.25% |
| ▁▂▁▇▆██▅ | Return on Assets (%) | 1.49% | 1.52% | 1.51% | 1.63% | 1.61% | 1.66% | 1.65% | 1.59% |
| █▆▇▁▂▁▁▅ | Efficiency Ratio (%) | 54.9% | 53.7% | 54.4% | 51.7% | 52.0% | 51.5% | 51.6% | 53.6% |
| ▃█▄▁▃▄▄▃ | Cost of Funds (%) | 1.95% | 2.11% | 1.97% | 1.89% | 1.96% | 1.99% | 1.98% | 1.95% |
| ▁▁▁▂▂▃▂█ | NPA / Assets (%) | 0.72% | 0.64% | 0.60% | 0.89% | 0.77% | 1.03% | 0.85% | 1.84% |
| ▁▁▁▃▂▃▂█ | Net Charge-Off Ratio (%) | 0.90% | 0.83% | 0.78% | 1.17% | 0.98% | 1.30% | 1.11% | 2.27% |
| ▁▃▃▅▇███ | Tang. Book Value ($M) | $72 | $76 | $76 | $80 | $83 | $86 | $86 | $86 |
| ▁▁▂▂▃▅▇█ | Gross Loans ($M) | $507 | $502 | $518 | $515 | $532 | $553 | $566 | $586 |
| ▁▁▃▃▃▅█▇ | Total Deposits ($M) | $497 | $509 | $538 | $530 | $535 | $561 | $605 | $584 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 18% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 14% |