Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.93% | -0.05 | 1.99% |
| Return on Equity (%) | ▼ | 17.19% | -2.55 | 19.74% |
| Net Interest Margin (%) | ▲ | 4.82% | +0.15 | 4.66% |
| Efficiency Ratio (%) | ▼ | 59.01% | +2.97 | 56.04% |
| Pre-Provision Profit ($M) | ▼ | $11 | -0.25 | $11 |
| Cost of Funds (%) | ▲ | 1.21% | -0.22 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,981 | +37.76 | $1,943 |
| Gross Loans ($M) | ▲ | $1,490 | +103.61 | $1,386 |
| Loan Growth YoY (%) | ▲ | 84.77% | +4.99 | 79.78% |
| Total Deposits ($M) | ▲ | $1,738 | +18.77 | $1,720 |
| Shareholders Equity ($M) | ▲ | $234 | +31.70 | $203 |
| Tang. Book Value ($M) | ▲ | $234 | +31.70 | $203 |
| TBV excl. AOCI ($M)** | ▲ | $248 | +29.59 | $218 |
| Loan / Deposit Ratio (%) | ▲ | 84.77% | +4.99 | 79.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.72% | +0.85 | 0.87% |
| Allowance / Loans (%) | — | 1.08% | 0.06% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 2.28% | +1.06 | 1.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▅▄▂▆▇▇█ | Net Interest Margin (%) | 4.62% | 4.72% | 4.71% | 4.66% | 4.76% | 4.79% | 4.79% | 4.82% |
| ▁▂▂▂▇█▇▁ | Return on Assets (%) | 1.96% | 1.99% | 1.98% | 1.99% | 2.20% | 2.25% | 2.18% | 1.93% |
| ▄▄▄▄▁▂▂█ | Efficiency Ratio (%) | 55.4% | 56.1% | 55.7% | 56.0% | 53.2% | 53.9% | 54.1% | 59.0% |
| ██▃▄▂▂▁▁ | Cost of Funds (%) | 1.68% | 1.64% | 1.36% | 1.42% | 1.31% | 1.32% | 1.20% | 1.21% |
| ▁▁▁▃███▇ | NPA / Assets (%) | 0.35% | 0.38% | 0.37% | 0.87% | 1.92% | 1.76% | 1.74% | 1.72% |
| ▁▁▁▃█▇█▇ | Net Charge-Off Ratio (%) | 0.45% | 0.52% | 0.56% | 1.22% | 2.66% | 2.38% | 2.51% | 2.28% |
| ▁▂▃▄▄▆██ | Tang. Book Value ($M) | $177 | $191 | $196 | $203 | $205 | $218 | $229 | $234 |
| ▃▃▁▃▄▅██ | Gross Loans ($M) | $1,389 | $1,370 | $1,329 | $1,386 | $1,403 | $1,421 | $1,483 | $1,490 |
| ▂▁▃▄▄▆█▅ | Total Deposits ($M) | $1,682 | $1,661 | $1,712 | $1,720 | $1,725 | $1,755 | $1,799 | $1,738 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 12% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 6% |