Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.08 | 0.56% |
| Return on Equity (%) | ▲ | 7.37% | +0.59 | 6.78% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.33 | 2.88% |
| Efficiency Ratio (%) | ▲ | 76.24% | -2.12 | 78.36% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.59 | $3 |
| Cost of Funds (%) | ▲ | 1.78% | -0.26 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,579 | +38.43 | $1,540 |
| Gross Loans ($M) | ▲ | $1,086 | +18.45 | $1,068 |
| Loan Growth YoY (%) | ▼ | 76.34% | -2.40 | 78.74% |
| Total Deposits ($M) | ▲ | $1,407 | +66.49 | $1,340 |
| Shareholders Equity ($M) | ▲ | $136 | +8.33 | $128 |
| Tang. Book Value ($M) | ▲ | $131 | +8.39 | $123 |
| TBV excl. AOCI ($M)** | ▲ | $147 | +10.17 | $137 |
| Loan / Deposit Ratio (%) | ▼ | 76.34% | -2.40 | 78.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.02 | 0.06% |
| Allowance / Loans (%) | — | 1.13% | -0.04% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.04 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.09% | -0.16 | 13.25% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▃▃▄▄█ | Net Interest Margin (%) | 2.79% | 2.72% | 2.72% | 2.88% | 2.85% | 2.93% | 2.96% | 3.21% |
| ▄▁▁▆▃▅▅█ | Return on Assets (%) | 0.49% | 0.42% | 0.39% | 0.56% | 0.48% | 0.52% | 0.54% | 0.63% |
| ▄▇█▃▄▃▄▁ | Efficiency Ratio (%) | 79.6% | 82.4% | 83.8% | 78.4% | 79.3% | 79.0% | 79.2% | 76.2% |
| ██▇▄▅▅▁▁ | Cost of Funds (%) | 2.35% | 2.42% | 2.27% | 2.04% | 2.18% | 2.16% | 1.80% | 1.78% |
| █▆▄▅▄▁▄█ | NPA / Assets (%) | 0.09% | 0.07% | 0.06% | 0.06% | 0.05% | 0.03% | 0.06% | 0.09% |
| ▅▆▄▅▄▁▅█ | Net Charge-Off Ratio (%) | 0.09% | 0.10% | 0.08% | 0.09% | 0.08% | 0.04% | 0.10% | 0.13% |
| ▁▆▂▃▅▇█▇ | Tang. Book Value ($M) | $118 | $129 | $120 | $123 | $127 | $130 | $134 | $131 |
| ▄▇▇▆▅▃▁█ | Gross Loans ($M) | $1,052 | $1,073 | $1,072 | $1,068 | $1,056 | $1,038 | $1,019 | $1,086 |
| ▁▁▄▃▆▂██ | Total Deposits ($M) | $1,299 | $1,311 | $1,346 | $1,340 | $1,378 | $1,323 | $1,416 | $1,407 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 11% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |