Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.25% | +0.20 | 0.05% |
| Return on Equity (%) | ▲ | 2.73% | +2.23 | 0.50% |
| Net Interest Margin (%) | ▲ | 2.09% | +0.26 | 1.83% |
| Efficiency Ratio (%) | ▲ | 83.33% | -12.52 | 95.85% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.56 | $0 |
| Cost of Funds (%) | ▲ | 2.81% | -0.26 | 3.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,161 | +190.96 | $1,970 |
| Gross Loans ($M) | ▲ | $1,484 | +152.21 | $1,331 |
| Loan Growth YoY (%) | ▲ | 84.05% | +3.08 | 80.97% |
| Total Deposits ($M) | ▲ | $1,750 | +119.92 | $1,630 |
| Shareholders Equity ($M) | ▲ | $197 | +9.33 | $187 |
| Tang. Book Value ($M) | ▲ | $197 | +9.33 | $187 |
| TBV excl. AOCI ($M)** | ▲ | $220 | +8.86 | $211 |
| Loan / Deposit Ratio (%) | ▲ | 84.05% | +3.08 | 80.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.51% | -0.12 | 0.63% |
| Allowance / Loans (%) | — | 0.85% | -0.01% | 0.86% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.57 | 0.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▆▇█ | Net Interest Margin (%) | 1.36% | 1.43% | 1.48% | 1.83% | 1.87% | 1.90% | 1.94% | 2.09% |
| ▃▃▁▅▆▇██ | Return on Assets (%) | -0.07% | -0.04% | -0.18% | 0.05% | 0.10% | 0.17% | 0.23% | 0.25% |
| ███▄▃▂▁▁ | Efficiency Ratio (%) | 112.9% | 113.8% | 110.4% | 95.8% | 91.1% | 88.3% | 84.6% | 83.3% |
| ██▅▃▂▂▁▁ | Cost of Funds (%) | 3.69% | 3.64% | 3.29% | 3.07% | 3.02% | 3.00% | 2.84% | 2.81% |
| ▃▃▁▆▆█▃▁ | NPA / Assets (%) | 0.55% | 0.56% | 0.49% | 0.63% | 0.62% | 0.70% | 0.54% | 0.51% |
| ▇▇▅█▃▄▁▁ | Net Charge-Off Ratio (%) | 0.86% | 0.85% | 0.71% | 0.94% | 0.51% | 0.64% | 0.42% | 0.36% |
| ▇▅▂▁▁▁██ | Tang. Book Value ($M) | $195 | $192 | $188 | $187 | $187 | $187 | $196 | $197 |
| ▁▁▄▃▅▆██ | Gross Loans ($M) | $1,239 | $1,251 | $1,351 | $1,331 | $1,372 | $1,417 | $1,501 | $1,484 |
| ▁▁▁▄▃▄▇█ | Total Deposits ($M) | $1,562 | $1,556 | $1,548 | $1,630 | $1,616 | $1,640 | $1,721 | $1,750 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 49% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 33% |