Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.54% | +0.01 | 1.53% |
| Return on Equity (%) | ▼ | 12.21% | -0.42 | 12.63% |
| Net Interest Margin (%) | ▲ | 4.62% | +0.02 | 4.59% |
| Efficiency Ratio (%) | ▼ | 58.04% | +0.67 | 57.37% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.49 | $6 |
| Cost of Funds (%) | ▲ | 1.70% | -0.14 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,337 | +72.74 | $1,264 |
| Gross Loans ($M) | ▲ | $970 | +45.68 | $924 |
| Loan Growth YoY (%) | ▼ | 88.15% | -0.71 | 88.86% |
| Total Deposits ($M) | ▲ | $1,092 | +60.11 | $1,032 |
| Shareholders Equity ($M) | ▲ | $167 | +16.62 | $151 |
| Tang. Book Value ($M) | ▲ | $167 | +16.97 | $150 |
| TBV excl. AOCI ($M)** | ▲ | $176 | +17.58 | $158 |
| Loan / Deposit Ratio (%) | ▼ | 88.15% | -0.71 | 88.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.37% | +0.90 | 0.47% |
| Allowance / Loans (%) | — | 0.77% | -0.04% | 0.81% |
| Net Charge-Off Ratio (%) | ▼ | 1.18% | +0.92 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.49% | +0.19 | 18.29% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▆██▆ | Net Interest Margin (%) | 4.30% | 4.38% | 4.45% | 4.59% | 4.62% | 4.70% | 4.75% | 4.62% |
| ▁▂▂▆▇██▇ | Return on Assets (%) | 1.37% | 1.41% | 1.40% | 1.53% | 1.54% | 1.57% | 1.59% | 1.54% |
| █▆█▂▁▁▁▄ | Efficiency Ratio (%) | 59.6% | 59.0% | 59.8% | 57.4% | 57.2% | 56.9% | 56.9% | 58.0% |
| ▇██▄█▄▄▁ | Cost of Funds (%) | 1.96% | 2.00% | 1.98% | 1.84% | 1.96% | 1.83% | 1.81% | 1.70% |
| ▁▁▁▁▄▅▅█ | NPA / Assets (%) | 0.46% | 0.44% | 0.40% | 0.47% | 0.87% | 0.91% | 0.93% | 1.37% |
| ▁▁▁▁▅▅▅█ | Net Charge-Off Ratio (%) | 0.16% | 0.21% | 0.15% | 0.25% | 0.72% | 0.76% | 0.78% | 1.18% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $138 | $145 | $145 | $150 | $153 | $160 | $164 | $167 |
| ▄▂▁▃▆▆█▆ | Gross Loans ($M) | $938 | $918 | $899 | $924 | $969 | $965 | $995 | $970 |
| ▁▁▁▆▆▇▇█ | Total Deposits ($M) | $907 | $919 | $925 | $1,032 | $1,031 | $1,050 | $1,046 | $1,092 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 2% |
| Other | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 17% |