Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.09 | 1.35% |
| Return on Equity (%) | ▲ | 13.63% | +1.10 | 12.53% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.09 | 3.90% |
| Efficiency Ratio (%) | ▼ | 51.19% | +0.55 | 50.63% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.37 | $5 |
| Cost of Funds (%) | ▲ | 2.14% | -0.04 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,028 | +50.53 | $978 |
| Gross Loans ($M) | ▼ | $724 | -12.47 | $736 |
| Loan Growth YoY (%) | ▼ | 79.03% | -5.39 | 84.42% |
| Total Deposits ($M) | ▲ | $905 | +42.53 | $862 |
| Shareholders Equity ($M) | ▲ | $109 | +3.65 | $106 |
| Tang. Book Value ($M) | ▲ | $109 | +3.65 | $106 |
| TBV excl. AOCI ($M)** | ▲ | $116 | +3.42 | $113 |
| Loan / Deposit Ratio (%) | ▼ | 79.03% | -5.39 | 84.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.78% | +0.70 | 0.08% |
| Allowance / Loans (%) | — | 1.24% | 0.08% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 1.11% | +1.00 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.68% | +0.30 | 15.39% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆██▇ | Net Interest Margin (%) | 3.59% | 3.64% | 3.69% | 3.90% | 3.93% | 4.00% | 4.05% | 3.99% |
| ▁▁▁▅▆▇██ | Return on Assets (%) | 1.22% | 1.23% | 1.24% | 1.35% | 1.37% | 1.39% | 1.43% | 1.44% |
| ███▃▃▂▁▄ | Efficiency Ratio (%) | 53.4% | 53.3% | 53.4% | 50.6% | 50.8% | 50.3% | 49.6% | 51.2% |
| ▇█▆▁▄▄▃▁ | Cost of Funds (%) | 2.42% | 2.49% | 2.39% | 2.17% | 2.29% | 2.29% | 2.24% | 2.14% |
| ▄▄▁▁▂▃▄█ | NPA / Assets (%) | 0.33% | 0.32% | 0.02% | 0.08% | 0.12% | 0.23% | 0.40% | 0.78% |
| ▄▃▁▁▁▃▄█ | Net Charge-Off Ratio (%) | 0.44% | 0.42% | 0.03% | 0.10% | 0.16% | 0.30% | 0.55% | 1.11% |
| ▄█▁▄▇▆▅▇ | Tang. Book Value ($M) | $105 | $111 | $101 | $106 | $110 | $108 | $107 | $109 |
| ▁▄▄▇▇██▅ | Gross Loans ($M) | $688 | $716 | $715 | $736 | $735 | $747 | $744 | $724 |
| ▁▂▃▆▄▆██ | Total Deposits ($M) | $790 | $806 | $830 | $862 | $844 | $872 | $896 | $905 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 30% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 23% |