Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.98% | +0.34 | 0.64% |
| Return on Equity (%) | ▲ | 10.48% | +4.17 | 6.31% |
| Net Interest Margin (%) | ▼ | 3.58% | -1.32 | 4.90% |
| Efficiency Ratio (%) | ▲ | 64.67% | -28.16 | 92.83% |
| Pre-Provision Profit ($M) | ▲ | $9 | +7.13 | $2 |
| Cost of Funds (%) | ▲ | 1.79% | -0.16 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,895 | +192.37 | $2,702 |
| Gross Loans ($M) | ▲ | $2,397 | +174.70 | $2,222 |
| Loan Growth YoY (%) | ▲ | 104.83% | +7.68 | 97.16% |
| Total Deposits ($M) | ▲ | $2,271 | +0.54 | $2,271 |
| Shareholders Equity ($M) | ▲ | $271 | +27.04 | $244 |
| Tang. Book Value ($M) | ▲ | $250 | +29.34 | $221 |
| TBV excl. AOCI ($M)** | ▲ | $263 | +29.43 | $233 |
| Loan / Deposit Ratio (%) | ▲ | 104.83% | +7.68 | 97.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.10 | 0.36% |
| Allowance / Loans (%) | — | 0.66% | -0.06% | 0.72% |
| Net Charge-Off Ratio (%) | ▼ | 0.45% | +0.00 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▆▆▅▃ | Net Interest Margin (%) | 3.00% | 3.05% | 3.08% | 4.90% | 4.42% | 4.23% | 4.11% | 3.58% |
| ▁▁▂▂▅▃▃█ | Return on Assets (%) | 0.58% | 0.62% | 0.65% | 0.64% | 0.81% | 0.68% | 0.70% | 0.98% |
| ▅▄▄█▅▆▄▁ | Efficiency Ratio (%) | 78.9% | 77.2% | 75.6% | 92.8% | 81.0% | 82.7% | 77.7% | 64.7% |
| ▅██▆▄▃▁▁ | Cost of Funds (%) | 1.91% | 2.03% | 2.00% | 1.95% | 1.90% | 1.86% | 1.79% | 1.79% |
| █▁▂▃▆▆▆▅ | NPA / Assets (%) | 0.61% | 0.23% | 0.30% | 0.36% | 0.52% | 0.49% | 0.48% | 0.46% |
| █▁▂▃▇▆▆▃ | Net Charge-Off Ratio (%) | 0.74% | 0.28% | 0.35% | 0.44% | 0.62% | 0.59% | 0.57% | 0.45% |
| ▁▁▁▆▇▇██ | Tang. Book Value ($M) | $142 | $146 | $147 | $221 | $229 | $235 | $243 | $250 |
| ▁▁▁█████ | Gross Loans ($M) | $968 | $985 | $993 | $2,222 | $2,277 | $2,310 | $2,380 | $2,397 |
| ▁▁▁█████ | Total Deposits ($M) | $864 | $906 | $896 | $2,271 | $2,253 | $2,318 | $2,289 | $2,271 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 13% |