Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.86% | -0.10 | 0.96% |
| Return on Equity (%) | ▼ | 6.30% | -0.84 | 7.14% |
| Net Interest Margin (%) | ▲ | 3.06% | +0.17 | 2.89% |
| Efficiency Ratio (%) | ▲ | 69.15% | -2.17 | 71.32% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.94 | $6 |
| Cost of Funds (%) | ▲ | 2.20% | -0.26 | 2.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,051 | +234.36 | $2,817 |
| Gross Loans ($M) | ▲ | $2,327 | +141.07 | $2,185 |
| Loan Growth YoY (%) | ▼ | 98.80% | -2.61 | 101.41% |
| Total Deposits ($M) | ▲ | $2,340 | +201.44 | $2,138 |
| Shareholders Equity ($M) | ▲ | $417 | +34.46 | $382 |
| Tang. Book Value ($M) | ▲ | $369 | +21.30 | $348 |
| TBV excl. AOCI ($M)** | ▲ | $394 | +23.75 | $370 |
| Loan / Deposit Ratio (%) | ▼ | 98.80% | -2.61 | 101.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.62% | +0.98 | 0.64% |
| Allowance / Loans (%) | — | 0.64% | -0.13% | 0.78% |
| Net Charge-Off Ratio (%) | ▼ | 2.11% | +1.30 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▇▇▇█ | Net Interest Margin (%) | 2.65% | 2.63% | 2.67% | 2.89% | 2.97% | 2.98% | 2.99% | 3.06% |
| ▁█▃▄▂▆▅▂ | Return on Assets (%) | 0.75% | 1.22% | 0.90% | 0.96% | 0.87% | 1.09% | 1.01% | 0.86% |
| ██▇▄▁▁▁▁ | Efficiency Ratio (%) | 75.7% | 74.8% | 74.0% | 71.3% | 68.3% | 68.2% | 69.2% | 69.2% |
| ▇█▆▄▃▃▁▁ | Cost of Funds (%) | 2.69% | 2.78% | 2.61% | 2.46% | 2.36% | 2.40% | 2.27% | 2.20% |
| ▁▁▁▁▁▅█▇ | NPA / Assets (%) | 0.59% | 0.68% | 0.58% | 0.64% | 0.56% | 1.29% | 1.83% | 1.62% |
| ▁▁▁▁▁▅█▇ | Net Charge-Off Ratio (%) | 0.76% | 0.87% | 0.72% | 0.81% | 0.71% | 1.66% | 2.38% | 2.11% |
| ▁▄▃▅▄▆▇█ | Tang. Book Value ($M) | $324 | $344 | $340 | $348 | $341 | $356 | $364 | $369 |
| ▁▁▄▄▅▆██ | Gross Loans ($M) | $2,095 | $2,118 | $2,188 | $2,185 | $2,221 | $2,251 | $2,304 | $2,327 |
| ▁▂▄▄▄▆▇█ | Total Deposits ($M) | $1,995 | $2,052 | $2,126 | $2,138 | $2,142 | $2,229 | $2,285 | $2,340 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 20% |