Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.11 | 0.57% |
| Return on Equity (%) | ▲ | 6.47% | +1.30 | 5.17% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.16 | 3.39% |
| Efficiency Ratio (%) | ▲ | 74.85% | -6.45 | 81.30% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.81 | $2 |
| Cost of Funds (%) | ▲ | 1.88% | -0.16 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,112 | +42.60 | $1,069 |
| Gross Loans ($M) | ▲ | $922 | +33.31 | $888 |
| Loan Growth YoY (%) | ▼ | 93.68% | -2.04 | 95.72% |
| Total Deposits ($M) | ▲ | $975 | +55.36 | $919 |
| Shareholders Equity ($M) | ▲ | $116 | +3.59 | $112 |
| Tang. Book Value ($M) | ▲ | $111 | +4.18 | $107 |
| Loan / Deposit Ratio (%) | ▼ | 93.68% | -2.04 | 95.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.67% | -0.23 | 0.90% |
| Allowance / Loans (%) | — | 0.94% | -0.01% | 0.94% |
| Net Charge-Off Ratio (%) | ▲ | 0.80% | -0.29 | 1.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅███▇ | Net Interest Margin (%) | 3.08% | 3.10% | 3.20% | 3.39% | 3.60% | 3.62% | 3.58% | 3.55% |
| ▁▁▃▄▇▇█▆ | Return on Assets (%) | 0.41% | 0.45% | 0.55% | 0.57% | 0.73% | 0.74% | 0.79% | 0.68% |
| █▇▅▆▂▂▁▂ | Efficiency Ratio (%) | 84.2% | 82.5% | 79.8% | 81.3% | 75.1% | 74.6% | 72.8% | 74.9% |
| ▇▇█▂▃▃▂▁ | Cost of Funds (%) | 2.39% | 2.47% | 2.56% | 2.04% | 2.08% | 2.09% | 1.99% | 1.88% |
| █▇▇█▁▁▄▅ | NPA / Assets (%) | 0.84% | 0.78% | 0.75% | 0.90% | 0.35% | 0.29% | 0.56% | 0.67% |
| █▇▆█▁▁▄▆ | Net Charge-Off Ratio (%) | 1.00% | 0.94% | 0.83% | 1.08% | 0.37% | 0.30% | 0.64% | 0.80% |
| ▂▃▅▂▁▄██ | Tang. Book Value ($M) | $107 | $108 | $109 | $107 | $106 | $108 | $111 | $111 |
| ▁▄▃▁▅▆▅█ | Gross Loans ($M) | $890 | $902 | $901 | $888 | $906 | $910 | $906 | $922 |
| ▅▆▁▅▅▅▇█ | Total Deposits ($M) | $911 | $935 | $842 | $919 | $909 | $908 | $954 | $975 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 2% |
| Consumer | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 11% |