Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.87% | -0.32 | 2.19% |
| Return on Equity (%) | ▼ | 14.56% | -2.53 | 17.09% |
| Net Interest Margin (%) | ▼ | 4.31% | -0.02 | 4.34% |
| Efficiency Ratio (%) | ▼ | 55.29% | +4.40 | 50.89% |
| Pre-Provision Profit ($M) | ▼ | $8 | -0.05 | $8 |
| Cost of Funds (%) | ▲ | 1.98% | -0.12 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,570 | +156.52 | $1,414 |
| Gross Loans ($M) | ▲ | $1,112 | +70.30 | $1,042 |
| Loan Growth YoY (%) | ▼ | 83.75% | -3.16 | 86.91% |
| Total Deposits ($M) | ▲ | $1,313 | +128.98 | $1,184 |
| Shareholders Equity ($M) | ▲ | $198 | +15.54 | $182 |
| Tang. Book Value ($M) | ▲ | $192 | +16.01 | $176 |
| TBV excl. AOCI ($M)** | ▲ | $195 | +15.93 | $179 |
| Loan / Deposit Ratio (%) | ▼ | 83.75% | -3.16 | 86.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.09 | 0.09% |
| Allowance / Loans (%) | — | 1.13% | -0.10% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.13 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.49% | +0.35 | 15.15% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▂▇██▁ | Net Interest Margin (%) | 4.28% | 4.34% | 4.42% | 4.34% | 4.52% | 4.58% | 4.58% | 4.31% |
| ▁▂▁█▇█▇▄ | Return on Assets (%) | 1.58% | 1.70% | 1.59% | 2.19% | 2.10% | 2.16% | 2.11% | 1.87% |
| ▆▅█▁▄▄▇▇ | Efficiency Ratio (%) | 55.0% | 54.1% | 56.6% | 50.9% | 53.2% | 53.4% | 55.3% | 55.3% |
| ███▅▃▁▁▁ | Cost of Funds (%) | 2.19% | 2.18% | 2.18% | 2.10% | 2.06% | 2.00% | 1.99% | 1.98% |
| ██▁▁▃▄▅▄ | NPA / Assets (%) | 0.27% | 0.26% | 0.10% | 0.09% | 0.15% | 0.16% | 0.19% | 0.18% |
| ██▂▁▄▅▆▆ | Net Charge-Off Ratio (%) | 0.31% | 0.30% | 0.14% | 0.12% | 0.19% | 0.21% | 0.26% | 0.24% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $163 | $169 | $173 | $176 | $181 | $187 | $194 | $192 |
| ▁▂▂▁▄▇█▇ | Gross Loans ($M) | $1,030 | $1,043 | $1,044 | $1,042 | $1,073 | $1,114 | $1,131 | $1,112 |
| ▁▃▃▄▃▅▇█ | Total Deposits ($M) | $1,086 | $1,150 | $1,166 | $1,184 | $1,160 | $1,222 | $1,260 | $1,313 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 17% |