Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.99% | -0.02 | 1.01% |
| Return on Equity (%) | ▼ | 11.54% | -0.60 | 12.14% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.07 | 3.42% |
| Efficiency Ratio (%) | ▲ | 56.31% | -5.04 | 61.35% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.52 | $4 |
| Cost of Funds (%) | ▲ | 2.27% | -0.31 | 2.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,177 | +103.01 | $1,074 |
| Gross Loans ($M) | ▲ | $898 | +112.75 | $786 |
| Loan Growth YoY (%) | ▲ | 83.39% | +3.58 | 79.80% |
| Total Deposits ($M) | ▲ | $1,064 | +94.22 | $970 |
| Shareholders Equity ($M) | ▲ | $95 | +8.66 | $86 |
| Tang. Book Value ($M) | ▲ | $95 | +8.66 | $86 |
| TBV excl. AOCI ($M)** | ▲ | $101 | +10.00 | $91 |
| Loan / Deposit Ratio (%) | ▲ | 83.39% | +3.58 | 79.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.73% | +0.91 | 0.82% |
| Allowance / Loans (%) | — | 1.24% | -0.25% | 1.49% |
| Net Charge-Off Ratio (%) | ▼ | 2.05% | +1.25 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.97% | +0.11 | 9.86% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▆▆▆▇█ | Net Interest Margin (%) | 3.23% | 3.30% | 3.36% | 3.42% | 3.41% | 3.40% | 3.45% | 3.49% |
| ▁▅▅█▅▁▅▆ | Return on Assets (%) | 0.94% | 0.98% | 0.98% | 1.01% | 0.98% | 0.94% | 0.98% | 0.99% |
| ▆▆▇█▆▆▄▁ | Efficiency Ratio (%) | 59.8% | 59.5% | 60.1% | 61.3% | 59.9% | 59.7% | 58.8% | 56.3% |
| ██▅▄▅▅▂▁ | Cost of Funds (%) | 2.94% | 2.89% | 2.62% | 2.58% | 2.62% | 2.63% | 2.42% | 2.27% |
| ▁▁▂▁▅███ | NPA / Assets (%) | 0.93% | 0.89% | 0.95% | 0.82% | 1.44% | 1.83% | 1.81% | 1.73% |
| ▁▂▂▂▆███ | Net Charge-Off Ratio (%) | 0.53% | 0.76% | 0.83% | 0.80% | 1.57% | 1.91% | 1.91% | 2.05% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $80 | $84 | $83 | $86 | $88 | $91 | $94 | $95 |
| ▁▁▃▃▄▆▇█ | Gross Loans ($M) | $743 | $754 | $793 | $786 | $809 | $845 | $863 | $898 |
| ▁▁▁▅▅▃▃█ | Total Deposits ($M) | $845 | $817 | $843 | $970 | $945 | $901 | $906 | $1,064 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 29% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 44% |