Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.13 | 1.63% |
| Return on Equity (%) | ▲ | 13.95% | +0.43 | 13.52% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.21 | 3.87% |
| Efficiency Ratio (%) | ▲ | 40.57% | -1.43 | 42.00% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.22 | $7 |
| Cost of Funds (%) | ▲ | 2.25% | -0.35 | 2.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,460 | +104.98 | $1,355 |
| Gross Loans ($M) | ▲ | $1,219 | +70.18 | $1,149 |
| Loan Growth YoY (%) | ▼ | 97.01% | -1.46 | 98.47% |
| Total Deposits ($M) | ▲ | $1,246 | +89.35 | $1,156 |
| Shareholders Equity ($M) | ▲ | $182 | +18.42 | $164 |
| Tang. Book Value ($M) | ▲ | $168 | +19.40 | $149 |
| TBV excl. AOCI ($M)** | ▲ | $176 | +21.16 | $155 |
| Loan / Deposit Ratio (%) | ▼ | 97.01% | -1.46 | 98.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.03 | 0.04% |
| Allowance / Loans (%) | — | 0.88% | -0.02% | 0.90% |
| Net Charge-Off Ratio (%) | ▼ | 0.08% | +0.03 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.26% | +0.37 | 12.89% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▄▂▃▆▇█ | Net Interest Margin (%) | 3.83% | 3.92% | 3.93% | 3.87% | 3.92% | 4.00% | 4.04% | 4.08% |
| ▁▃▄▅▆▇██ | Return on Assets (%) | 1.38% | 1.50% | 1.57% | 1.63% | 1.67% | 1.74% | 1.79% | 1.76% |
| █▇▄▄▄▂▁▁ | Efficiency Ratio (%) | 43.8% | 43.2% | 41.9% | 42.0% | 41.7% | 40.9% | 40.4% | 40.6% |
| ▇██▅▄▅▃▁ | Cost of Funds (%) | 2.70% | 2.82% | 2.77% | 2.60% | 2.53% | 2.58% | 2.45% | 2.25% |
| ▂▆▅▁▃█▄▄ | NPA / Assets (%) | 0.05% | 0.08% | 0.07% | 0.04% | 0.06% | 0.10% | 0.06% | 0.06% |
| ▄█▇▂▁▇▆▆ | Net Charge-Off Ratio (%) | 0.06% | 0.10% | 0.08% | 0.04% | 0.03% | 0.09% | 0.07% | 0.08% |
| ▁▂▄▄▅▇██ | Tang. Book Value ($M) | $130 | $139 | $145 | $149 | $152 | $159 | $166 | $168 |
| ▁▂▄▅▆▇▆█ | Gross Loans ($M) | $1,065 | $1,086 | $1,129 | $1,149 | $1,176 | $1,181 | $1,180 | $1,219 |
| ▁▂▃▅▆▆▆█ | Total Deposits ($M) | $1,060 | $1,090 | $1,118 | $1,156 | $1,190 | $1,182 | $1,189 | $1,246 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 21% |