Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.80% | +0.45 | 1.35% |
| Return on Equity (%) | ▲ | 10.74% | +1.02 | 9.72% |
| Net Interest Margin (%) | ▲ | 4.38% | +0.55 | 3.83% |
| Efficiency Ratio (%) | ▲ | 46.80% | -2.16 | 48.96% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.27 | $3 |
| Cost of Funds (%) | ▲ | 2.26% | -0.48 | 2.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $488 | -23.91 | $512 |
| Gross Loans ($M) | ▼ | $419 | -22.72 | $441 |
| Loan Growth YoY (%) | ▲ | 106.45% | +2.74 | 103.71% |
| Total Deposits ($M) | ▼ | $385 | -31.90 | $417 |
| Shareholders Equity ($M) | ▲ | $82 | +8.85 | $74 |
| Tang. Book Value ($M) | ▲ | $82 | +8.86 | $74 |
| Loan / Deposit Ratio (%) | ▲ | 106.45% | +2.74 | 103.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.43% | -0.91 | 3.34% |
| Allowance / Loans (%) | — | 2.14% | 0.07% | 2.07% |
| Net Charge-Off Ratio (%) | ▲ | 2.78% | -0.97 | 3.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.00% | +3.13 | 16.87% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▇▇██ | Net Interest Margin (%) | 3.92% | 3.87% | 3.81% | 3.83% | 4.24% | 4.29% | 4.31% | 4.38% |
| ▂▁▁▂▅▆▇█ | Return on Assets (%) | 1.29% | 1.25% | 1.21% | 1.35% | 1.57% | 1.62% | 1.67% | 1.80% |
| ███▃▂▂▃▁ | Efficiency Ratio (%) | 53.6% | 53.7% | 53.6% | 49.0% | 48.0% | 48.2% | 48.8% | 46.8% |
| ▆▇█▇▆▅▄▁ | Cost of Funds (%) | 2.66% | 2.71% | 2.84% | 2.73% | 2.66% | 2.62% | 2.53% | 2.26% |
| ▁▁██▂▄▄▃ | NPA / Assets (%) | 2.11% | 2.20% | 3.32% | 3.34% | 2.29% | 2.58% | 2.57% | 2.43% |
| ▁▁██▂▄▄▃ | Net Charge-Off Ratio (%) | 2.25% | 2.40% | 3.82% | 3.75% | 2.55% | 3.01% | 2.90% | 2.78% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $69 | $70 | $72 | $74 | $76 | $78 | $80 | $82 |
| ▄██▇▅▁▂▃ | Gross Loans ($M) | $424 | $448 | $449 | $441 | $428 | $406 | $415 | $419 |
| ▂▆█▅▃▂▁▁ | Total Deposits ($M) | $395 | $424 | $444 | $417 | $405 | $398 | $385 | $385 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 14% |