Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.91% | -0.04 | 0.96% |
| Return on Equity (%) | ▼ | 10.79% | -1.64 | 12.43% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.13 | 3.83% |
| Efficiency Ratio (%) | ▼ | 71.33% | +1.79 | 69.54% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.10 | $3 |
| Cost of Funds (%) | ▲ | 2.26% | -0.31 | 2.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $892 | +18.94 | $873 |
| Gross Loans ($M) | ▲ | $804 | +15.08 | $789 |
| Loan Growth YoY (%) | ▲ | 101.78% | +0.97 | 100.81% |
| Total Deposits ($M) | ▲ | $782 | +7.38 | $775 |
| Shareholders Equity ($M) | ▲ | $76 | +7.21 | $69 |
| Tang. Book Value ($M) | ▲ | $75 | +7.06 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +7.26 | $71 |
| Loan / Deposit Ratio (%) | ▲ | 101.78% | +0.97 | 100.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.15 | 0.26% |
| Allowance / Loans (%) | — | 1.04% | -0.01% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.17 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.16% | +0.11 | 11.05% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇███ | Net Interest Margin (%) | 3.62% | 3.64% | 3.67% | 3.83% | 3.92% | 3.97% | 4.00% | 3.97% |
| ▁▁▂█████ | Return on Assets (%) | 0.53% | 0.57% | 0.64% | 0.96% | 0.95% | 0.95% | 0.95% | 0.91% |
| ██▇▁▁▁▁▂ | Efficiency Ratio (%) | 81.1% | 80.0% | 78.6% | 69.5% | 70.2% | 70.3% | 70.3% | 71.3% |
| ▅█▇▅▄▄▁▁ | Cost of Funds (%) | 2.62% | 2.88% | 2.74% | 2.58% | 2.48% | 2.48% | 2.23% | 2.26% |
| ▁▆▃▂▂▂▁█ | NPA / Assets (%) | 0.23% | 0.35% | 0.28% | 0.26% | 0.26% | 0.26% | 0.24% | 0.41% |
| ▁▆▃▁▂▂▁█ | Net Charge-Off Ratio (%) | 0.26% | 0.39% | 0.31% | 0.27% | 0.29% | 0.29% | 0.26% | 0.44% |
| ▁▂▃▅▆▇██ | Tang. Book Value ($M) | $61 | $64 | $66 | $68 | $71 | $73 | $74 | $75 |
| ▁▄▇▇▅▅██ | Gross Loans ($M) | $685 | $744 | $787 | $789 | $752 | $751 | $805 | $804 |
| ▁▄███▇▇█ | Total Deposits ($M) | $666 | $710 | $771 | $775 | $779 | $757 | $754 | $782 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 21% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 18% |