Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.10% | +2.51 | -0.41% |
| Return on Equity (%) | ▲ | 12.81% | +15.25 | -2.44% |
| Net Interest Margin (%) | ▼ | 5.97% | -0.32 | 6.30% |
| Efficiency Ratio (%) | ▲ | 52.28% | -5.00 | 57.28% |
| Pre-Provision Profit ($M) | ▲ | $24 | +2.55 | $21 |
| Cost of Funds (%) | ▲ | 2.47% | -0.23 | 2.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,296 | +136.39 | $3,160 |
| Gross Loans ($M) | ▼ | $2,847 | -29.42 | $2,877 |
| Loan Growth YoY (%) | ▼ | 109.75% | -2.19 | 111.94% |
| Total Deposits ($M) | ▲ | $2,519 | +23.48 | $2,495 |
| Shareholders Equity ($M) | ▲ | $557 | +35.66 | $521 |
| Tang. Book Value ($M) | ▼ | $486 | -9.99 | $496 |
| TBV excl. AOCI ($M)** | ▼ | $492 | -9.16 | $501 |
| Loan / Deposit Ratio (%) | ▼ | 109.75% | -2.19 | 111.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.30% | +0.24 | 3.06% |
| Allowance / Loans (%) | — | 2.92% | 0.01% | 2.91% |
| Net Charge-Off Ratio (%) | ▲ | 2.47% | -0.07 | 2.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.82% | -0.28 | 16.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇██▃ | Net Interest Margin (%) | 5.67% | 5.79% | 5.94% | 6.30% | 6.43% | 6.45% | 6.55% | 5.97% |
| ▆▆▇▁▄▇██ | Return on Assets (%) | 1.31% | 1.28% | 1.56% | -0.41% | 0.68% | 1.60% | 1.85% | 2.10% |
| ▄▆▃█▅▁▃▁ | Efficiency Ratio (%) | 54.4% | 55.7% | 53.7% | 57.3% | 55.1% | 52.0% | 53.4% | 52.3% |
| ██▇▄▅▇▄▁ | Cost of Funds (%) | 2.96% | 2.91% | 2.85% | 2.70% | 2.74% | 2.86% | 2.66% | 2.47% |
| ▁▁▄▇▃▆▅█ | NPA / Assets (%) | 2.24% | 2.21% | 2.68% | 3.06% | 2.57% | 2.97% | 2.83% | 3.30% |
| ▁▂▄█▄▃▁█ | Net Charge-Off Ratio (%) | 1.98% | 2.01% | 2.20% | 2.54% | 2.18% | 2.12% | 1.92% | 2.47% |
| ▄▆█▄▁▄█▃ | Tang. Book Value ($M) | $494 | $506 | $524 | $496 | $473 | $494 | $518 | $486 |
| ▁▁▁▄█▅▅▄ | Gross Loans ($M) | $2,674 | $2,726 | $2,722 | $2,877 | $3,114 | $2,930 | $2,933 | $2,847 |
| ▁▃▃▃█▃▄▃ | Total Deposits ($M) | $2,378 | $2,501 | $2,528 | $2,495 | $2,827 | $2,519 | $2,576 | $2,519 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 45% |
| C&I / Commercial | 51% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 50% |