Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.75% | +0.12 | 1.63% |
| Return on Equity (%) | ▼ | 18.12% | -0.18 | 18.30% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.32 | 3.98% |
| Efficiency Ratio (%) | ▲ | 52.03% | -2.52 | 54.55% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.73 | $10 |
| Cost of Funds (%) | ▲ | 1.86% | -0.08 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,206 | +104.33 | $2,101 |
| Gross Loans ($M) | ▲ | $1,686 | +33.77 | $1,652 |
| Loan Growth YoY (%) | ▲ | 90.66% | +0.01 | 90.64% |
| Total Deposits ($M) | ▲ | $1,841 | +35.73 | $1,805 |
| Shareholders Equity ($M) | ▲ | $213 | +20.44 | $192 |
| Tang. Book Value ($M) | ▲ | $186 | +21.16 | $165 |
| TBV excl. AOCI ($M)** | ▲ | $204 | +27.05 | $177 |
| Loan / Deposit Ratio (%) | ▲ | 90.66% | +0.01 | 90.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.47% | -0.03 | 0.50% |
| Allowance / Loans (%) | — | 1.00% | 0.05% | 0.95% |
| Net Charge-Off Ratio (%) | ▲ | 0.58% | -0.05 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.78% | +0.61 | 10.17% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▆▇▇██ | Net Interest Margin (%) | 3.55% | 3.51% | 3.35% | 3.98% | 4.07% | 4.14% | 4.21% | 4.30% |
| ▄▄▁▆▇██▇ | Return on Assets (%) | 1.45% | 1.42% | 1.07% | 1.63% | 1.74% | 1.80% | 1.85% | 1.75% |
| ▆▇█▄▁▁▁▁ | Efficiency Ratio (%) | 56.2% | 56.7% | 58.1% | 54.6% | 52.1% | 51.6% | 51.4% | 52.0% |
| ▆█▁▅▅▇▆▄ | Cost of Funds (%) | 2.01% | 2.18% | 1.62% | 1.94% | 1.92% | 2.05% | 1.99% | 1.86% |
| █▃▄▄▄█▁▃ | NPA / Assets (%) | 0.61% | 0.47% | 0.49% | 0.50% | 0.50% | 0.63% | 0.38% | 0.47% |
| ▇▄▄▄▄█▁▃ | Net Charge-Off Ratio (%) | 0.80% | 0.63% | 0.63% | 0.63% | 0.63% | 0.84% | 0.47% | 0.58% |
| ▁▁▄▅▆▇██ | Tang. Book Value ($M) | $130 | $137 | $156 | $165 | $171 | $179 | $187 | $186 |
| ▁▁██████ | Gross Loans ($M) | $1,078 | $1,094 | $1,626 | $1,652 | $1,696 | $1,661 | $1,666 | $1,686 |
| ▁▁██████ | Total Deposits ($M) | $1,174 | $1,238 | $1,830 | $1,805 | $1,802 | $1,870 | $1,847 | $1,841 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 18% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 20% |