Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.78% | -0.05 | 0.83% |
| Return on Equity (%) | ▼ | 7.50% | -1.17 | 8.67% |
| Net Interest Margin (%) | ▼ | 3.76% | -0.09 | 3.85% |
| Efficiency Ratio (%) | ▼ | 74.45% | +2.68 | 71.77% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.36 | $4 |
| Cost of Funds (%) | ▲ | 1.67% | -0.10 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,285 | +28.91 | $1,256 |
| Gross Loans ($M) | ▼ | $945 | -40.27 | $985 |
| Loan Growth YoY (%) | ▼ | 83.67% | -9.29 | 92.96% |
| Total Deposits ($M) | ▲ | $1,120 | +69.12 | $1,050 |
| Shareholders Equity ($M) | ▲ | $136 | +13.50 | $123 |
| Tang. Book Value ($M) | ▲ | $133 | +13.87 | $119 |
| TBV excl. AOCI ($M)** | ▲ | $140 | +14.43 | $126 |
| Loan / Deposit Ratio (%) | ▼ | 83.67% | -9.29 | 92.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.02 | 0.30% |
| Allowance / Loans (%) | — | 0.84% | -0.02% | 0.85% |
| Net Charge-Off Ratio (%) | ▲ | 0.38% | -0.01 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.15% | +2.05 | 12.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂████▇ | Net Interest Margin (%) | 3.03% | 3.13% | 3.26% | 3.85% | 3.91% | 3.94% | 3.95% | 3.76% |
| ▆▁▁█████ | Return on Assets (%) | 0.41% | -0.53% | -0.59% | 0.83% | 0.90% | 0.91% | 0.89% | 0.78% |
| █▇▇▂▂▁▁▃ | Efficiency Ratio (%) | 81.8% | 79.5% | 79.6% | 71.8% | 71.5% | 70.0% | 70.6% | 74.5% |
| █▇▄▃▁▂▃▁ | Cost of Funds (%) | 2.07% | 1.99% | 1.84% | 1.77% | 1.64% | 1.73% | 1.80% | 1.67% |
| ▆█▇▄▁▃▃▃ | NPA / Assets (%) | 0.34% | 0.39% | 0.35% | 0.30% | 0.24% | 0.29% | 0.29% | 0.28% |
| ▆█▆▄▁▄▄▃ | Net Charge-Off Ratio (%) | 0.44% | 0.50% | 0.45% | 0.38% | 0.31% | 0.39% | 0.39% | 0.38% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $108 | $115 | $114 | $119 | $122 | $127 | $130 | $133 |
| █▆▇█▅█▄▁ | Gross Loans ($M) | $990 | $973 | $980 | $985 | $969 | $986 | $962 | $945 |
| ▂▂▁▁▅█▇█ | Total Deposits ($M) | $1,053 | $1,059 | $1,039 | $1,050 | $1,092 | $1,128 | $1,115 | $1,120 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 11% |
| Consumer | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 9% |