Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.26 | 0.82% |
| Return on Equity (%) | ▲ | 7.90% | +1.09 | 6.81% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.44 | 3.33% |
| Efficiency Ratio (%) | ▲ | 61.56% | -5.77 | 67.33% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.17 | $4 |
| Cost of Funds (%) | ▲ | 0.87% | -0.23 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,293 | -19.08 | $1,312 |
| Gross Loans ($M) | ▲ | $753 | +7.20 | $745 |
| Loan Growth YoY (%) | ▼ | 70.54% | -0.52 | 71.06% |
| Total Deposits ($M) | ▲ | $1,041 | +17.80 | $1,023 |
| Shareholders Equity ($M) | ▲ | $179 | +18.56 | $160 |
| Tang. Book Value ($M) | ▲ | $179 | +18.56 | $160 |
| TBV excl. AOCI ($M)** | ▲ | $201 | +17.33 | $183 |
| Loan / Deposit Ratio (%) | ▼ | 70.54% | -0.52 | 71.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.20 | 0.01% |
| Allowance / Loans (%) | — | 2.46% | -0.03% | 2.49% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.34 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▂▁▁▃▄█ | Net Interest Margin (%) | 3.40% | 3.38% | 3.41% | 3.33% | 3.37% | 3.44% | 3.51% | 3.77% |
| ▂▂▁▁▃▃▅█ | Return on Assets (%) | 0.88% | 0.87% | 0.83% | 0.82% | 0.90% | 0.91% | 0.96% | 1.08% |
| ▆▆█▇▅▅▇▁ | Efficiency Ratio (%) | 66.0% | 66.3% | 68.5% | 67.3% | 65.7% | 65.5% | 67.2% | 61.6% |
| ▄▆▆██▄▄▁ | Cost of Funds (%) | 0.98% | 1.03% | 1.04% | 1.10% | 1.09% | 0.98% | 0.98% | 0.87% |
| ▆▄▁▁▁▁▁█ | NPA / Assets (%) | 0.15% | 0.09% | 0.03% | 0.01% | 0.01% | 0.01% | 0.02% | 0.21% |
| ▆▄▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.27% | 0.17% | 0.04% | 0.02% | 0.02% | 0.02% | 0.04% | 0.36% |
| ▁▄▁▂▃▇██ | Tang. Book Value ($M) | $153 | $168 | $155 | $160 | $162 | $176 | $182 | $179 |
| ▂▁▅▅█▇▇▇ | Gross Loans ($M) | $727 | $717 | $741 | $745 | $763 | $752 | $753 | $753 |
| ▁▃▄▅▅█▆█ | Total Deposits ($M) | $993 | $1,010 | $1,015 | $1,023 | $1,023 | $1,046 | $1,030 | $1,041 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 6% |