Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.40% | -0.27 | 2.67% |
| Return on Equity (%) | ▼ | 16.07% | -1.82 | 17.89% |
| Net Interest Margin (%) | ▲ | 5.51% | +0.07 | 5.44% |
| Efficiency Ratio (%) | ▼ | 37.11% | +3.93 | 33.19% |
| Pre-Provision Profit ($M) | ▲ | $12 | +0.02 | $12 |
| Cost of Funds (%) | ▼ | 2.05% | +0.33 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,406 | +19.53 | $1,387 |
| Gross Loans ($M) | ▲ | $1,209 | +20.50 | $1,188 |
| Loan Growth YoY (%) | ▼ | 109.71% | -2.04 | 111.75% |
| Total Deposits ($M) | ▲ | $1,091 | +38.15 | $1,053 |
| Shareholders Equity ($M) | ▲ | $212 | +9.83 | $202 |
| Tang. Book Value ($M) | ▲ | $200 | +8.84 | $192 |
| TBV excl. AOCI ($M)** | ▲ | $202 | +9.35 | $193 |
| Loan / Deposit Ratio (%) | ▼ | 109.71% | -2.04 | 111.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.98% | +0.43 | 1.55% |
| Allowance / Loans (%) | — | 1.00% | -0.01% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 1.91% | +0.21 | 1.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.83% | +0.10 | 22.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▅█▄█▅▅▆ | Net Interest Margin (%) | 5.28% | 5.47% | 5.61% | 5.44% | 5.58% | 5.47% | 5.46% | 5.51% |
| ▃▆█▆▆▆▆▁ | Return on Assets (%) | 2.52% | 2.68% | 2.78% | 2.67% | 2.64% | 2.68% | 2.65% | 2.40% |
| █▇▅▁▆▆▆▇ | Efficiency Ratio (%) | 38.3% | 37.2% | 36.3% | 33.2% | 36.8% | 36.9% | 36.7% | 37.1% |
| █▇▅▁█▆▇▇ | Cost of Funds (%) | 2.16% | 2.09% | 1.97% | 1.72% | 2.11% | 2.01% | 2.07% | 2.05% |
| ▁▅▂▂▄▅█▃ | NPA / Assets (%) | 1.26% | 2.33% | 1.63% | 1.55% | 2.14% | 2.27% | 3.21% | 1.98% |
| ▁▆▂▂▄▅█▃ | Net Charge-Off Ratio (%) | 1.33% | 2.56% | 1.73% | 1.70% | 2.30% | 2.50% | 3.28% | 1.91% |
| ▁▄▁▄▆█▄▆ | Tang. Book Value ($M) | $181 | $191 | $183 | $192 | $199 | $208 | $192 | $200 |
| ▁▁▂▇▆▆██ | Gross Loans ($M) | $1,080 | $1,079 | $1,106 | $1,188 | $1,165 | $1,171 | $1,205 | $1,209 |
| ▂▁▂▇▃▅▇█ | Total Deposits ($M) | $952 | $926 | $956 | $1,053 | $980 | $1,016 | $1,064 | $1,091 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 42% |