Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.09% | +0.04 | 0.05% |
| Return on Equity (%) | ▲ | 1.02% | +0.45 | 0.57% |
| Net Interest Margin (%) | ▲ | 2.82% | +0.26 | 2.55% |
| Efficiency Ratio (%) | ▲ | 92.30% | -2.17 | 94.47% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.29 | $1 |
| Cost of Funds (%) | ▲ | 2.29% | -0.26 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,577 | -34.92 | $1,611 |
| Gross Loans ($M) | ▼ | $1,315 | -28.83 | $1,344 |
| Loan Growth YoY (%) | ▲ | 105.63% | +5.87 | 99.76% |
| Total Deposits ($M) | ▼ | $1,229 | -99.93 | $1,329 |
| Shareholders Equity ($M) | ▲ | $140 | +1.77 | $138 |
| Tang. Book Value ($M) | ▲ | $138 | +2.05 | $136 |
| TBV excl. AOCI ($M)** | ▲ | $148 | +2.82 | $145 |
| Loan / Deposit Ratio (%) | ▲ | 105.63% | +5.87 | 99.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.84% | +0.87 | 0.97% |
| Allowance / Loans (%) | — | 1.28% | -0.06% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 2.03% | +0.86 | 1.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.62% | +0.17 | 11.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▄▂▁▃▄▆█ | Net Interest Margin (%) | 2.73% | 2.65% | 2.62% | 2.55% | 2.63% | 2.68% | 2.75% | 2.82% |
| █▁▂▆█▄▁▇ | Return on Assets (%) | 0.13% | -0.16% | -0.10% | 0.05% | 0.10% | -0.05% | -0.15% | 0.09% |
| ▁▃▃▇██▇▅ | Efficiency Ratio (%) | 88.0% | 90.2% | 90.7% | 94.5% | 96.1% | 95.7% | 94.9% | 92.3% |
| ▅██▅▄▄▂▁ | Cost of Funds (%) | 2.56% | 2.72% | 2.74% | 2.55% | 2.48% | 2.48% | 2.37% | 2.29% |
| ▁▃▄▄▇█▆▆ | NPA / Assets (%) | 0.06% | 0.95% | 1.04% | 0.97% | 2.13% | 2.44% | 1.79% | 1.84% |
| ▁▄▄▄██▆▆ | Net Charge-Off Ratio (%) | 0.07% | 1.15% | 1.24% | 1.17% | 2.57% | 2.92% | 1.95% | 2.03% |
| █▃▁▄▆▇▇█ | Tang. Book Value ($M) | $138 | $136 | $135 | $136 | $138 | $138 | $138 | $138 |
| ███▅▅▆▃▁ | Gross Loans ($M) | $1,365 | $1,359 | $1,364 | $1,344 | $1,343 | $1,347 | $1,328 | $1,315 |
| ▄█████▇▁ | Total Deposits ($M) | $1,273 | $1,322 | $1,321 | $1,329 | $1,322 | $1,318 | $1,312 | $1,229 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 17% |