Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.14 | 1.03% |
| Return on Equity (%) | ▲ | 11.50% | +0.97 | 10.53% |
| Net Interest Margin (%) | ▲ | 2.84% | +0.00 | 2.84% |
| Efficiency Ratio (%) | ▲ | 46.13% | -6.91 | 53.04% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.80 | $5 |
| Cost of Funds (%) | ▲ | 1.50% | -0.09 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,243 | +93.40 | $1,150 |
| Gross Loans ($M) | ▼ | $776 | -26.12 | $802 |
| Loan Growth YoY (%) | ▼ | 70.08% | -8.47 | 78.56% |
| Total Deposits ($M) | ▲ | $1,092 | +85.62 | $1,007 |
| Shareholders Equity ($M) | ▲ | $139 | +7.34 | $131 |
| Tang. Book Value ($M) | ▲ | $136 | +7.34 | $128 |
| TBV excl. AOCI ($M)** | ▲ | $145 | +8.70 | $136 |
| Loan / Deposit Ratio (%) | ▼ | 70.08% | -8.47 | 78.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.21 | 0.63% |
| Allowance / Loans (%) | — | 1.36% | -0.06% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 1.34% | +0.44 | 0.91% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.98% | +1.22 | 16.76% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆▄▁▃█▅▁ | Net Interest Margin (%) | 2.98% | 3.00% | 2.94% | 2.84% | 2.92% | 3.06% | 2.96% | 2.84% |
| ███▁▃▄▄▇ | Return on Assets (%) | 1.18% | 1.19% | 1.20% | 1.03% | 1.09% | 1.10% | 1.10% | 1.17% |
| ▃▄▄█▇█▇▁ | Efficiency Ratio (%) | 48.8% | 49.4% | 48.9% | 53.0% | 51.5% | 53.3% | 51.9% | 46.1% |
| ▇█▃▅▆▇▁▄ | Cost of Funds (%) | 1.73% | 1.86% | 1.41% | 1.58% | 1.68% | 1.77% | 1.22% | 1.50% |
| ▁▂▁▅▆▇▃█ | NPA / Assets (%) | 0.42% | 0.48% | 0.43% | 0.63% | 0.73% | 0.76% | 0.56% | 0.84% |
| ▁▂▂▃▅▅▅█ | Net Charge-Off Ratio (%) | 0.66% | 0.76% | 0.80% | 0.91% | 1.06% | 1.06% | 1.04% | 1.34% |
| ▁▂▂▄▆▆██ | Tang. Book Value ($M) | $122 | $126 | $124 | $128 | $132 | $132 | $137 | $136 |
| ▁▃▇███▇▆ | Gross Loans ($M) | $717 | $752 | $793 | $802 | $811 | $809 | $796 | $776 |
| ▁▂█▁▂▁█▃ | Total Deposits ($M) | $991 | $1,033 | $1,350 | $1,007 | $1,034 | $978 | $1,333 | $1,092 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 13% |
| Consumer | 7% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 6% |