Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.06% | +0.14 | 2.92% |
| Return on Equity (%) | ▲ | 32.56% | +1.57 | 30.99% |
| Net Interest Margin (%) | ▼ | 5.23% | -0.06 | 5.29% |
| Efficiency Ratio (%) | ▲ | 41.83% | -1.59 | 43.42% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.63 | $6 |
| Cost of Funds (%) | ▲ | 0.39% | -0.07 | 0.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $897 | +65.96 | $831 |
| Gross Loans ($M) | ▲ | $491 | +36.20 | $455 |
| Loan Growth YoY (%) | ▲ | 59.60% | +0.07 | 59.53% |
| Total Deposits ($M) | ▲ | $815 | +59.33 | $756 |
| Shareholders Equity ($M) | ▲ | $80 | +7.82 | $73 |
| Tang. Book Value ($M) | ▲ | $80 | +7.82 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +7.63 | $85 |
| Loan / Deposit Ratio (%) | ▲ | 59.60% | +0.07 | 59.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.18% | -0.40 | 1.57% |
| Allowance / Loans (%) | — | 1.07% | -0.02% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 2.15% | -0.51 | 2.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.72% | -0.26 | 19.99% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇█▂▆▆▇▁ | Net Interest Margin (%) | 5.49% | 5.44% | 5.48% | 5.29% | 5.41% | 5.39% | 5.43% | 5.23% |
| █▇▇▁▄▄▄▃ | Return on Assets (%) | 3.44% | 3.36% | 3.33% | 2.92% | 3.15% | 3.18% | 3.17% | 3.06% |
| ▁▁▂█▅▅▆▆ | Efficiency Ratio (%) | 38.2% | 38.7% | 39.4% | 43.4% | 41.4% | 41.1% | 42.0% | 41.8% |
| ▃██▆▇▆▂▁ | Cost of Funds (%) | 0.43% | 0.50% | 0.50% | 0.46% | 0.47% | 0.47% | 0.41% | 0.39% |
| ▃▁▁██▇▄▅ | NPA / Assets (%) | 1.02% | 0.86% | 0.76% | 1.57% | 1.51% | 1.40% | 1.13% | 1.18% |
| ▃▂▁███▅▅ | Net Charge-Off Ratio (%) | 1.72% | 1.49% | 1.31% | 2.66% | 2.66% | 2.52% | 2.05% | 2.15% |
| ▁▂▆▂▃▅█▆ | Tang. Book Value ($M) | $69 | $73 | $79 | $73 | $74 | $79 | $85 | $80 |
| ▁▁▂▂▃▄▆█ | Gross Loans ($M) | $444 | $446 | $454 | $455 | $456 | $462 | $478 | $491 |
| ▁▂▂▅▄▅▇█ | Total Deposits ($M) | $672 | $693 | $699 | $756 | $727 | $748 | $780 | $815 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 1% |