Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.27 | 0.96% |
| Return on Equity (%) | ▲ | 14.06% | +3.28 | 10.78% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.22 | 3.16% |
| Efficiency Ratio (%) | ▲ | 54.57% | -5.57 | 60.14% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.46 | $4 |
| Cost of Funds (%) | ▲ | 2.62% | -0.30 | 2.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,339 | +121.77 | $1,217 |
| Gross Loans ($M) | ▲ | $1,145 | +110.68 | $1,034 |
| Loan Growth YoY (%) | ▲ | 95.12% | +0.35 | 94.77% |
| Total Deposits ($M) | ▲ | $1,189 | +111.06 | $1,078 |
| Shareholders Equity ($M) | ▲ | $117 | +10.15 | $107 |
| Tang. Book Value ($M) | ▲ | $114 | +10.19 | $104 |
| TBV excl. AOCI ($M)** | ▲ | $116 | +9.97 | $106 |
| Loan / Deposit Ratio (%) | ▲ | 95.12% | +0.35 | 94.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.62% | +0.09 | 1.53% |
| Allowance / Loans (%) | — | 1.16% | -0.01% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +0.76 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.56% | -0.22 | 11.78% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▂▄▆▇█ | Net Interest Margin (%) | 3.10% | 3.14% | 3.20% | 3.16% | 3.23% | 3.28% | 3.33% | 3.38% |
| ▅▆▆▁▃▅▆█ | Return on Assets (%) | 1.11% | 1.16% | 1.13% | 0.96% | 1.06% | 1.10% | 1.13% | 1.23% |
| ▂▁▁█▅▅▄▁ | Efficiency Ratio (%) | 55.8% | 54.5% | 54.7% | 60.1% | 57.9% | 57.3% | 57.3% | 54.6% |
| ▅█▇▇▆▄▄▁ | Cost of Funds (%) | 2.84% | 3.01% | 2.95% | 2.92% | 2.87% | 2.81% | 2.81% | 2.62% |
| ▁▄▂▄▂▇█▅ | NPA / Assets (%) | 1.37% | 1.54% | 1.46% | 1.53% | 1.42% | 1.71% | 1.77% | 1.62% |
| ▄▆▄▁▁▅█▇ | Net Charge-Off Ratio (%) | 1.29% | 1.50% | 1.24% | 0.88% | 0.93% | 1.33% | 1.75% | 1.64% |
| ▁▂▄▅▅▆▇█ | Tang. Book Value ($M) | $92 | $96 | $103 | $104 | $104 | $107 | $110 | $114 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $964 | $992 | $1,017 | $1,034 | $1,064 | $1,093 | $1,124 | $1,145 |
| ▁▂▂▄▅▇▇█ | Total Deposits ($M) | $992 | $1,026 | $1,032 | $1,078 | $1,109 | $1,144 | $1,157 | $1,189 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 28% |