Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.25 | 0.83% |
| Return on Equity (%) | ▲ | 9.03% | +1.87 | 7.16% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.23 | 3.77% |
| Efficiency Ratio (%) | ▲ | 57.71% | -10.21 | 67.92% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.89 | $4 |
| Cost of Funds (%) | ▼ | 1.72% | +0.06 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,361 | -37.95 | $1,399 |
| Gross Loans ($M) | ▲ | $954 | +21.11 | $933 |
| Loan Growth YoY (%) | ▲ | 81.77% | +5.85 | 75.93% |
| Total Deposits ($M) | ▼ | $1,148 | -64.65 | $1,212 |
| Shareholders Equity ($M) | ▲ | $168 | +8.87 | $159 |
| Tang. Book Value ($M) | ▲ | $146 | +10.82 | $135 |
| TBV excl. AOCI ($M)** | ▲ | $159 | +8.65 | $150 |
| Loan / Deposit Ratio (%) | ▲ | 81.77% | +5.85 | 75.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.67% | -0.07 | 0.74% |
| Allowance / Loans (%) | — | 1.65% | 0.29% | 1.36% |
| Net Charge-Off Ratio (%) | ▲ | 0.87% | -0.24 | 1.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.71% | +0.94 | 12.77% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▇█ | Net Interest Margin (%) | 3.58% | 3.62% | 3.68% | 3.77% | 3.77% | 3.83% | 3.90% | 4.00% |
| ▃▄▅▅▅▄▁█ | Return on Assets (%) | 0.74% | 0.78% | 0.85% | 0.83% | 0.85% | 0.79% | 0.55% | 1.08% |
| █████▆▄▁ | Efficiency Ratio (%) | 68.0% | 68.1% | 67.0% | 67.9% | 66.9% | 64.3% | 61.9% | 57.7% |
| ▅█▆▁▅▂▄▂ | Cost of Funds (%) | 1.84% | 1.99% | 1.89% | 1.66% | 1.84% | 1.71% | 1.80% | 1.72% |
| ▁▅▇▅█▆▁▄ | NPA / Assets (%) | 0.47% | 0.78% | 0.88% | 0.74% | 0.99% | 0.78% | 0.42% | 0.67% |
| ▂▇██▇▄▁▅ | Net Charge-Off Ratio (%) | 0.60% | 1.00% | 1.15% | 1.10% | 1.02% | 0.75% | 0.47% | 0.87% |
| ▁▂▃▅▆▇▇█ | Tang. Book Value ($M) | $124 | $128 | $131 | $135 | $138 | $142 | $142 | $146 |
| ▄▃▁▂▄█▆▄ | Gross Loans ($M) | $959 | $941 | $915 | $933 | $959 | $1,008 | $980 | $954 |
| ▁▄▁█▆▆▃▃ | Total Deposits ($M) | $1,121 | $1,164 | $1,131 | $1,212 | $1,184 | $1,183 | $1,146 | $1,148 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 27% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 12% |