Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.06% | -0.47 | 1.53% |
| Return on Equity (%) | ▼ | 9.65% | -4.04 | 13.69% |
| Net Interest Margin (%) | ▼ | 6.52% | -0.04 | 6.55% |
| Efficiency Ratio (%) | ▼ | 70.36% | +5.79 | 64.57% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.67 | $5 |
| Cost of Funds (%) | ▲ | 2.30% | -0.11 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $965 | +110.38 | $855 |
| Gross Loans ($M) | ▲ | $797 | +78.43 | $719 |
| Loan Growth YoY (%) | ▼ | 99.16% | -2.25 | 101.41% |
| Total Deposits ($M) | ▲ | $791 | +92.24 | $699 |
| Shareholders Equity ($M) | ▲ | $115 | +9.80 | $105 |
| Tang. Book Value ($M) | ▲ | $101 | +9.80 | $91 |
| Loan / Deposit Ratio (%) | ▼ | 99.16% | -2.25 | 101.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.60% | +1.08 | 0.51% |
| Allowance / Loans (%) | — | 1.63% | 0.20% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 1.38% | +0.79 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.24% | -0.16 | 10.39% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆██▄ | Net Interest Margin (%) | 5.99% | 6.25% | 6.51% | 6.55% | 6.79% | 7.07% | 7.06% | 6.52% |
| ▆▇▇███▇▁ | Return on Assets (%) | 1.41% | 1.45% | 1.42% | 1.53% | 1.52% | 1.51% | 1.44% | 1.06% |
| ▃▁▁▁▄▂▂█ | Efficiency Ratio (%) | 66.3% | 64.2% | 64.9% | 64.6% | 66.7% | 65.6% | 65.6% | 70.4% |
| ▆█▄▂▂▃▂▁ | Cost of Funds (%) | 2.60% | 2.75% | 2.51% | 2.41% | 2.41% | 2.47% | 2.41% | 2.30% |
| ▁▂▂▂▂▃██ | NPA / Assets (%) | 0.28% | 0.53% | 0.61% | 0.51% | 0.56% | 0.74% | 1.70% | 1.60% |
| ▁▂▂▂▂▃█▅ | Net Charge-Off Ratio (%) | 0.35% | 0.64% | 0.73% | 0.59% | 0.68% | 0.86% | 2.02% | 1.38% |
| ▁▂▄▅▆▇██ | Tang. Book Value ($M) | $78 | $82 | $88 | $91 | $94 | $97 | $99 | $101 |
| ▁▂▃▅▅▇▇█ | Gross Loans ($M) | $639 | $661 | $698 | $719 | $734 | $765 | $772 | $797 |
| ▁▁▃▃▆▇▇█ | Total Deposits ($M) | $644 | $653 | $692 | $699 | $737 | $759 | $768 | $791 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 18% |