Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.44% | -0.80 | 2.24% |
| Return on Equity (%) | ▼ | 11.77% | -7.83 | 19.60% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.17 | 3.73% |
| Efficiency Ratio (%) | ▲ | 51.57% | -8.00 | 59.57% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.43 | $5 |
| Cost of Funds (%) | ▲ | 1.44% | -0.20 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,282 | +13.96 | $1,268 |
| Gross Loans ($M) | ▲ | $1,010 | +52.59 | $957 |
| Loan Growth YoY (%) | ▲ | 89.26% | +4.36 | 84.90% |
| Total Deposits ($M) | ▲ | $1,119 | +2.66 | $1,116 |
| Shareholders Equity ($M) | ▲ | $159 | +11.92 | $147 |
| Tang. Book Value ($M) | ▲ | $159 | +11.92 | $147 |
| TBV excl. AOCI ($M)** | ▲ | $163 | +9.87 | $153 |
| Loan / Deposit Ratio (%) | ▲ | 89.26% | +4.36 | 84.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.68% | +0.68 | 0.00% |
| Allowance / Loans (%) | — | 1.14% | 0.10% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.87% | +0.87 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.50% | +0.42 | 14.08% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▇▆▆▇█ | Net Interest Margin (%) | 3.00% | 3.06% | 3.10% | 3.73% | 3.67% | 3.67% | 3.71% | 3.90% |
| ▁▁▂█▅▅▄▄ | Return on Assets (%) | 0.87% | 0.94% | 1.05% | 2.24% | 1.71% | 1.64% | 1.53% | 1.44% |
| █▇▇▆▄▂▁▁ | Efficiency Ratio (%) | 62.3% | 60.7% | 59.8% | 59.6% | 55.9% | 53.2% | 52.8% | 51.6% |
| ██▆▄▄▄▃▁ | Cost of Funds (%) | 1.80% | 1.85% | 1.74% | 1.64% | 1.64% | 1.60% | 1.59% | 1.44% |
| ███▁▁▁▂▅ | NPA / Assets (%) | 1.16% | 1.11% | 1.02% | 0.00% | 0.00% | 0.12% | 0.19% | 0.68% |
| ███▁▁▁▂▅ | Net Charge-Off Ratio (%) | 1.46% | 1.43% | 1.36% | 0.00% | 0.00% | 0.16% | 0.24% | 0.87% |
| ▁▂▃▅▅▆██ | Tang. Book Value ($M) | $135 | $139 | $142 | $147 | $149 | $153 | $157 | $159 |
| ▂▁▁▃▄▆██ | Gross Loans ($M) | $950 | $940 | $944 | $957 | $967 | $984 | $1,006 | $1,010 |
| ▁▁▅▅▂█▇▅ | Total Deposits ($M) | $1,059 | $1,063 | $1,112 | $1,116 | $1,082 | $1,156 | $1,144 | $1,119 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 27% |
| Consumer | 1% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 5% |