Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.48% | +0.06 | 0.42% |
| Return on Equity (%) | ▲ | 4.60% | +0.13 | 4.47% |
| Net Interest Margin (%) | ▲ | 2.64% | +0.18 | 2.46% |
| Efficiency Ratio (%) | ▲ | 77.63% | -1.58 | 79.21% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.20 | $1 |
| Cost of Funds (%) | ▲ | 1.83% | -0.18 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,025 | -20.93 | $1,046 |
| Gross Loans ($M) | ▼ | $838 | -34.10 | $872 |
| Loan Growth YoY (%) | ▼ | 100.70% | -7.70 | 108.40% |
| Total Deposits ($M) | ▲ | $827 | +27.37 | $799 |
| Shareholders Equity ($M) | ▲ | $107 | +8.88 | $98 |
| Tang. Book Value ($M) | ▲ | $99 | +8.88 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +9.07 | $95 |
| Loan / Deposit Ratio (%) | ▼ | 100.70% | -7.70 | 108.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.08 | 0.26% |
| Allowance / Loans (%) | — | 0.61% | 0.01% | 0.60% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.11 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.09% | +1.18 | 14.92% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▆▇▇█ | Net Interest Margin (%) | 2.15% | 2.19% | 2.21% | 2.46% | 2.49% | 2.53% | 2.53% | 2.64% |
| ▁▁▁▆▇██▇ | Return on Assets (%) | 0.24% | 0.25% | 0.25% | 0.42% | 0.47% | 0.51% | 0.50% | 0.48% |
| ███▃▂▁▁▂ | Efficiency Ratio (%) | 87.6% | 87.4% | 87.1% | 79.2% | 76.3% | 74.4% | 75.5% | 77.6% |
| ▆█▇▅▄▅▅▁ | Cost of Funds (%) | 2.08% | 2.17% | 2.11% | 2.01% | 1.99% | 2.04% | 2.01% | 1.83% |
| ▅▆▂▄█▁▂▇ | NPA / Assets (%) | 0.29% | 0.31% | 0.24% | 0.26% | 0.38% | 0.19% | 0.24% | 0.35% |
| ▅▆▂▄█▁▃█ | Net Charge-Off Ratio (%) | 0.35% | 0.37% | 0.28% | 0.32% | 0.45% | 0.23% | 0.29% | 0.43% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $83 | $86 | $88 | $90 | $92 | $94 | $98 | $99 |
| ▃▅▇██▇▂▁ | Gross Loans ($M) | $851 | $858 | $866 | $872 | $874 | $867 | $846 | $838 |
| ▃▁▆▁▃▇██ | Total Deposits ($M) | $809 | $799 | $819 | $799 | $808 | $825 | $830 | $827 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 16% |