Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.06 | 1.43% |
| Return on Equity (%) | ▲ | 10.85% | +0.29 | 10.56% |
| Net Interest Margin (%) | ▲ | 4.63% | +0.14 | 4.50% |
| Efficiency Ratio (%) | ▲ | 58.75% | -0.71 | 59.47% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.74 | $6 |
| Cost of Funds (%) | ▲ | 1.64% | -0.05 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,453 | +99.85 | $1,353 |
| Gross Loans ($M) | ▲ | $1,299 | +123.46 | $1,176 |
| Loan Growth YoY (%) | ▲ | 119.74% | +19.76 | 99.98% |
| Total Deposits ($M) | ▼ | $1,073 | -88.68 | $1,162 |
| Shareholders Equity ($M) | ▲ | $195 | +16.08 | $178 |
| Tang. Book Value ($M) | ▲ | $194 | +16.50 | $177 |
| TBV excl. AOCI ($M)** | ▲ | $195 | +16.32 | $179 |
| Loan / Deposit Ratio (%) | ▲ | 119.74% | +19.76 | 99.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.94% | +0.01 | 0.93% |
| Allowance / Loans (%) | — | 1.09% | -0.11% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 1.05% | -0.02 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▃▄▆▃ | Net Interest Margin (%) | 4.87% | 4.78% | 4.76% | 4.50% | 4.60% | 4.67% | 4.73% | 4.63% |
| ███▁▅▇█▂ | Return on Assets (%) | 1.72% | 1.71% | 1.71% | 1.43% | 1.58% | 1.67% | 1.72% | 1.48% |
| ▂▂▃█▄▁▁█ | Efficiency Ratio (%) | 55.0% | 55.0% | 55.3% | 59.5% | 56.2% | 54.3% | 53.7% | 58.8% |
| ▅██▂▃▃▆▁ | Cost of Funds (%) | 1.78% | 1.91% | 1.89% | 1.69% | 1.73% | 1.72% | 1.81% | 1.64% |
| ▁▁▇▇█▅▅▇ | NPA / Assets (%) | 0.48% | 0.52% | 0.90% | 0.93% | 1.03% | 0.76% | 0.80% | 0.94% |
| ▁▁▇▇█▅▅▇ | Net Charge-Off Ratio (%) | 0.53% | 0.59% | 1.01% | 1.07% | 1.15% | 0.87% | 0.90% | 1.05% |
| ▁▂▄▃▄▆██ | Tang. Book Value ($M) | $170 | $176 | $181 | $177 | $183 | $190 | $197 | $194 |
| ▁▁▃▃▆▇▇█ | Gross Loans ($M) | $1,117 | $1,136 | $1,172 | $1,176 | $1,235 | $1,260 | $1,267 | $1,299 |
| ▁▃▄▆▇█▇▂ | Total Deposits ($M) | $1,024 | $1,097 | $1,121 | $1,162 | $1,191 | $1,237 | $1,209 | $1,073 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 17% |