Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.53% | -0.18 | 0.71% |
| Return on Equity (%) | ▼ | 4.86% | -2.55 | 7.41% |
| Net Interest Margin (%) | ▲ | 3.01% | +0.24 | 2.78% |
| Efficiency Ratio (%) | ▼ | 77.43% | +2.67 | 74.76% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.05 | $3 |
| Cost of Funds (%) | ▲ | 2.01% | -0.35 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,612 | -15.61 | $1,628 |
| Gross Loans ($M) | ▼ | $1,281 | -59.07 | $1,340 |
| Loan Growth YoY (%) | ▼ | 94.41% | -2.53 | 96.94% |
| Total Deposits ($M) | ▼ | $1,345 | -25.91 | $1,370 |
| Shareholders Equity ($M) | ▲ | $180 | +22.77 | $157 |
| Tang. Book Value ($M) | ▲ | $178 | +24.37 | $153 |
| TBV excl. AOCI ($M)** | ▲ | $190 | +28.01 | $162 |
| Loan / Deposit Ratio (%) | ▼ | 94.41% | -2.53 | 96.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.32% | +0.63 | 0.69% |
| Allowance / Loans (%) | — | 0.92% | 0.05% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 1.66% | +0.82 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.51% | +1.47 | 15.04% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▃▅▆█ | Net Interest Margin (%) | 2.65% | 2.65% | 2.63% | 2.78% | 2.76% | 2.83% | 2.91% | 3.01% |
| ▁▂▄███▇▅ | Return on Assets (%) | 0.33% | 0.43% | 0.49% | 0.71% | 0.66% | 0.70% | 0.63% | 0.53% |
| █▇▆▃▄▂▁▆ | Efficiency Ratio (%) | 80.2% | 78.5% | 77.4% | 74.8% | 76.0% | 73.8% | 72.1% | 77.4% |
| ██▇▆▃▅▂▁ | Cost of Funds (%) | 2.55% | 2.55% | 2.47% | 2.36% | 2.15% | 2.29% | 2.12% | 2.01% |
| ▁▁▄▄▂▁▄█ | NPA / Assets (%) | 0.29% | 0.30% | 0.70% | 0.69% | 0.43% | 0.39% | 0.70% | 1.32% |
| ▁▁▃▃▂▁▄█ | Net Charge-Off Ratio (%) | 0.35% | 0.36% | 0.83% | 0.84% | 0.55% | 0.50% | 0.90% | 1.66% |
| ▁▂▂▃▃▇██ | Tang. Book Value ($M) | $144 | $148 | $148 | $153 | $157 | $171 | $175 | $178 |
| ███▇▅▄▃▁ | Gross Loans ($M) | $1,350 | $1,348 | $1,355 | $1,340 | $1,323 | $1,316 | $1,300 | $1,281 |
| ▄▁▂▅█▄▂▄ | Total Deposits ($M) | $1,356 | $1,290 | $1,309 | $1,370 | $1,427 | $1,344 | $1,323 | $1,345 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 13% |