Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.57% | -0.31 | 0.88% |
| Return on Equity (%) | ▼ | 4.93% | -2.71 | 7.64% |
| Net Interest Margin (%) | ▼ | 3.81% | -0.40 | 4.21% |
| Efficiency Ratio (%) | ▼ | 78.25% | +6.13 | 72.12% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.62 | $3 |
| Cost of Funds (%) | ▲ | 1.48% | -0.01 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $946 | +53.25 | $893 |
| Gross Loans ($M) | ▼ | $567 | -6.04 | $573 |
| Loan Growth YoY (%) | ▼ | 67.26% | -5.75 | 73.02% |
| Total Deposits ($M) | ▲ | $824 | +48.53 | $775 |
| Shareholders Equity ($M) | ▲ | $108 | +6.41 | $102 |
| Tang. Book Value ($M) | ▲ | $107 | +6.94 | $100 |
| TBV excl. AOCI ($M)** | ▲ | $111 | +5.98 | $105 |
| Loan / Deposit Ratio (%) | ▼ | 67.26% | -5.75 | 73.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.32% | +0.90 | 1.41% |
| Allowance / Loans (%) | — | 2.29% | 1.05% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 3.75% | +1.69 | 2.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.45% | +0.36 | 16.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▄▄▃▁ | Net Interest Margin (%) | 4.83% | 4.74% | 4.73% | 4.21% | 4.25% | 4.23% | 4.19% | 3.81% |
| █▄▆▄▅▃▁▁ | Return on Assets (%) | 1.24% | 0.85% | 1.04% | 0.88% | 0.94% | 0.78% | 0.62% | 0.57% |
| ▂▂▁▆▅▄▂█ | Efficiency Ratio (%) | 62.4% | 62.3% | 60.0% | 72.1% | 70.2% | 67.4% | 63.1% | 78.3% |
| ▆▇█▁▃▃▄▁ | Cost of Funds (%) | 1.60% | 1.63% | 1.66% | 1.49% | 1.54% | 1.53% | 1.56% | 1.48% |
| ▁▄▅▅▅▇██ | NPA / Assets (%) | 0.00% | 0.94% | 1.41% | 1.41% | 1.31% | 1.86% | 2.24% | 2.32% |
| ▁▃▅▅▄▆██ | Net Charge-Off Ratio (%) | 0.00% | 1.38% | 2.01% | 2.06% | 1.46% | 2.43% | 3.44% | 3.75% |
| ▁▁▃▅▆▇██ | Tang. Book Value ($M) | $92 | $93 | $97 | $100 | $103 | $104 | $105 | $107 |
| ▅█▆▂▁▁▃▁ | Gross Loans ($M) | $593 | $610 | $597 | $573 | $565 | $565 | $581 | $567 |
| ▁▅▁▄▃▅▃█ | Total Deposits ($M) | $741 | $781 | $732 | $775 | $759 | $785 | $766 | $824 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 14% |