Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.11% | +0.16 | -0.05% |
| Return on Equity (%) | ▲ | 0.58% | +0.86 | -0.28% |
| Net Interest Margin (%) | ▲ | 2.56% | +0.34 | 2.23% |
| Efficiency Ratio (%) | ▲ | 85.33% | -12.03 | 97.36% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.91 | $0 |
| Cost of Funds (%) | ▲ | 1.76% | -0.22 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,346 | +80.73 | $1,266 |
| Gross Loans ($M) | ▲ | $951 | +33.98 | $917 |
| Loan Growth YoY (%) | ▼ | 86.86% | -3.04 | 89.90% |
| Total Deposits ($M) | ▲ | $1,085 | +74.23 | $1,011 |
| Shareholders Equity ($M) | ▲ | $254 | +5.84 | $248 |
| Tang. Book Value ($M) | ▲ | $235 | +3.27 | $232 |
| TBV excl. AOCI ($M)** | ▲ | $244 | +3.15 | $241 |
| Loan / Deposit Ratio (%) | ▼ | 86.86% | -3.04 | 89.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.40% | -0.07 | 0.47% |
| Allowance / Loans (%) | — | 0.88% | -0.00% | 0.89% |
| Net Charge-Off Ratio (%) | ▲ | 0.57% | -0.08 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▁▁▃▄▆█ | Net Interest Margin (%) | 2.33% | 2.28% | 2.24% | 2.23% | 2.33% | 2.39% | 2.45% | 2.56% |
| ███▁▄▆█▆ | Return on Assets (%) | 0.20% | 0.18% | 0.19% | -0.05% | 0.05% | 0.11% | 0.18% | 0.11% |
| ▂▃▃█▅▄▂▁ | Efficiency Ratio (%) | 87.4% | 89.0% | 89.8% | 97.4% | 92.6% | 89.9% | 87.9% | 85.3% |
| ▅█▇▄▂▁▁▁ | Cost of Funds (%) | 2.05% | 2.24% | 2.15% | 1.97% | 1.83% | 1.74% | 1.79% | 1.76% |
| ▃▁██▇█▄▅ | NPA / Assets (%) | 0.35% | 0.27% | 0.47% | 0.47% | 0.45% | 0.49% | 0.38% | 0.40% |
| ▄▁█▇▇█▄▅ | Net Charge-Off Ratio (%) | 0.51% | 0.39% | 0.66% | 0.65% | 0.61% | 0.69% | 0.52% | 0.57% |
| ▁▆▃▅▆▅██ | Tang. Book Value ($M) | $228 | $233 | $230 | $232 | $233 | $232 | $235 | $235 |
| ▃▁▁▃▅▅██ | Gross Loans ($M) | $916 | $897 | $894 | $917 | $931 | $928 | $957 | $951 |
| ▁▁▁▁▂▅▆█ | Total Deposits ($M) | $1,005 | $1,010 | $1,010 | $1,011 | $1,015 | $1,048 | $1,058 | $1,085 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 10% |