Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.74% | +0.35 | 1.39% |
| Return on Equity (%) | ▼ | 15.81% | -1.59 | 17.40% |
| Net Interest Margin (%) | ▲ | 4.47% | +0.49 | 3.98% |
| Efficiency Ratio (%) | ▲ | 52.50% | -3.38 | 55.88% |
| Pre-Provision Profit ($M) | ▲ | $15 | +3.03 | $12 |
| Cost of Funds (%) | ▲ | 0.90% | -0.36 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,697 | +146.38 | $2,551 |
| Gross Loans ($M) | ▲ | $1,952 | +97.71 | $1,854 |
| Loan Growth YoY (%) | ▲ | 81.40% | +1.46 | 79.94% |
| Total Deposits ($M) | ▲ | $2,364 | +77.23 | $2,287 |
| Shareholders Equity ($M) | ▲ | $298 | +88.40 | $210 |
| Tang. Book Value ($M) | ▲ | $298 | +88.40 | $210 |
| TBV excl. AOCI ($M)** | ▲ | $319 | +86.58 | $232 |
| Loan / Deposit Ratio (%) | ▲ | 81.40% | +1.46 | 79.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.97% | +0.72 | 0.24% |
| Allowance / Loans (%) | — | 1.43% | 0.00% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 1.33% | +1.00 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.66% | +3.49 | 14.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▆█ | Net Interest Margin (%) | 3.94% | 3.93% | 3.93% | 3.98% | 4.07% | 4.20% | 4.30% | 4.47% |
| ▅▁▁▄▆▆▇█ | Return on Assets (%) | 1.45% | 1.15% | 1.20% | 1.39% | 1.52% | 1.54% | 1.67% | 1.74% |
| ▅▆██▂▁▁▄ | Efficiency Ratio (%) | 53.1% | 53.5% | 55.6% | 55.9% | 51.1% | 49.6% | 50.0% | 52.5% |
| ▇▇█▆▅▃▂▁ | Cost of Funds (%) | 1.32% | 1.31% | 1.42% | 1.26% | 1.21% | 1.06% | 0.99% | 0.90% |
| ▅▃▁▁▃▃▂█ | NPA / Assets (%) | 0.65% | 0.44% | 0.25% | 0.24% | 0.45% | 0.46% | 0.42% | 0.97% |
| ▅▃▁▁▃▃▂█ | Net Charge-Off Ratio (%) | 0.92% | 0.62% | 0.35% | 0.33% | 0.61% | 0.63% | 0.57% | 1.33% |
| ▁▂▁▂▆▇██ | Tang. Book Value ($M) | $186 | $201 | $195 | $210 | $258 | $276 | $292 | $298 |
| ▁▃▄▅▇███ | Gross Loans ($M) | $1,734 | $1,796 | $1,816 | $1,854 | $1,918 | $1,936 | $1,950 | $1,952 |
| ▃▁▁▆▆▆▇█ | Total Deposits ($M) | $2,204 | $2,145 | $2,159 | $2,287 | $2,285 | $2,293 | $2,325 | $2,364 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 2% |