Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.73% | -0.11 | 1.85% |
| Return on Equity (%) | ▼ | 19.25% | -2.36 | 21.61% |
| Net Interest Margin (%) | ▲ | 5.28% | +0.34 | 4.94% |
| Efficiency Ratio (%) | ▼ | 52.43% | +4.82 | 47.61% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.10 | $6 |
| Cost of Funds (%) | ▲ | 1.76% | -0.10 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,040 | +49.74 | $990 |
| Gross Loans ($M) | ▲ | $867 | +24.41 | $843 |
| Loan Growth YoY (%) | ▼ | 94.16% | -5.02 | 99.18% |
| Total Deposits ($M) | ▲ | $912 | +70.27 | $842 |
| Shareholders Equity ($M) | ▲ | $94 | +9.17 | $84 |
| Tang. Book Value ($M) | ▲ | $93 | +9.05 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $95 | +8.69 | $86 |
| Loan / Deposit Ratio (%) | ▼ | 94.16% | -5.02 | 99.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.28% | +0.10 | 1.18% |
| Allowance / Loans (%) | — | 1.00% | 0.03% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.77% | -0.19 | 0.97% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.95% | +0.51 | 11.44% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▅▁▁▁▂█ | Net Interest Margin (%) | 5.21% | 5.16% | 5.11% | 4.94% | 4.91% | 4.95% | 5.00% | 5.28% |
| ██▅▃▃▃▁▁ | Return on Assets (%) | 2.12% | 2.07% | 1.97% | 1.85% | 1.85% | 1.87% | 1.76% | 1.73% |
| ▁▁▂▃▃▃▃█ | Efficiency Ratio (%) | 44.8% | 45.5% | 46.6% | 47.6% | 47.3% | 46.9% | 47.0% | 52.4% |
| ▁▅▇█▇██▆ | Cost of Funds (%) | 1.36% | 1.68% | 1.81% | 1.86% | 1.82% | 1.89% | 1.92% | 1.76% |
| ▁▁▁▃█▅▇▄ | NPA / Assets (%) | 0.79% | 0.79% | 0.89% | 1.18% | 1.96% | 1.48% | 1.69% | 1.28% |
| ▂▂▂▂█▅▃▁ | Net Charge-Off Ratio (%) | 0.93% | 0.92% | 0.92% | 0.97% | 1.89% | 1.42% | 1.14% | 0.77% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $76 | $79 | $81 | $84 | $86 | $89 | $91 | $93 |
| ▁▁▅▅▇█▇▇ | Gross Loans ($M) | $773 | $783 | $831 | $843 | $869 | $888 | $867 | $867 |
| ▂▁▁▄▄▅▃█ | Total Deposits ($M) | $805 | $780 | $789 | $842 | $835 | $851 | $818 | $912 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 14% |