Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.32% | +0.01 | 0.31% |
| Return on Equity (%) | ▼ | 3.48% | -0.05 | 3.53% |
| Net Interest Margin (%) | ▲ | 2.50% | +0.21 | 2.29% |
| Efficiency Ratio (%) | ▼ | 85.57% | +2.98 | 82.59% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.13 | $2 |
| Cost of Funds (%) | ▲ | 1.99% | -0.22 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,669 | +45.94 | $1,623 |
| Gross Loans ($M) | ▼ | $1,280 | -24.26 | $1,304 |
| Loan Growth YoY (%) | ▼ | 95.01% | -4.97 | 99.99% |
| Total Deposits ($M) | ▲ | $1,339 | +42.70 | $1,296 |
| Shareholders Equity ($M) | ▲ | $155 | +7.65 | $147 |
| Tang. Book Value ($M) | ▲ | $144 | +7.88 | $136 |
| TBV excl. AOCI ($M)** | ▲ | $151 | +8.18 | $143 |
| Loan / Deposit Ratio (%) | ▼ | 95.01% | -4.97 | 99.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.05 | 0.16% |
| Allowance / Loans (%) | — | 0.59% | -0.02% | 0.60% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -0.05 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.40% | +0.31 | 14.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.13% | 2.11% | 2.11% | 2.29% | 2.34% | 2.39% | 2.40% | 2.50% |
| ▂▁▁▇▇▇██ | Return on Assets (%) | 0.18% | 0.14% | 0.16% | 0.31% | 0.30% | 0.32% | 0.35% | 0.32% |
| ▇█▇▁▁▁▁▃ | Efficiency Ratio (%) | 90.7% | 92.5% | 90.5% | 82.6% | 83.5% | 83.0% | 82.7% | 85.6% |
| ▇█▇▄▄▃▃▁ | Cost of Funds (%) | 2.34% | 2.45% | 2.37% | 2.21% | 2.19% | 2.16% | 2.15% | 1.99% |
| ▂▃█▂▂▁▁▁ | NPA / Assets (%) | 0.14% | 0.19% | 0.35% | 0.16% | 0.16% | 0.12% | 0.10% | 0.11% |
| ▁▃█▂▂▁▁▁ | Net Charge-Off Ratio (%) | 0.15% | 0.22% | 0.43% | 0.19% | 0.19% | 0.14% | 0.13% | 0.14% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $129 | $132 | $133 | $136 | $138 | $141 | $143 | $144 |
| ██▅▄▂▃▃▁ | Gross Loans ($M) | $1,343 | $1,337 | $1,312 | $1,304 | $1,290 | $1,298 | $1,301 | $1,280 |
| ▁▂▅▄▂▃▆█ | Total Deposits ($M) | $1,266 | $1,277 | $1,305 | $1,296 | $1,279 | $1,293 | $1,317 | $1,339 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 17% |