Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.56% | +0.13 | 0.44% |
| Return on Equity (%) | ▲ | 4.29% | +0.74 | 3.55% |
| Net Interest Margin (%) | ▲ | 3.03% | +0.36 | 2.67% |
| Efficiency Ratio (%) | ▲ | 69.55% | -8.74 | 78.29% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.80 | $3 |
| Cost of Funds (%) | ▲ | 1.79% | -0.25 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,828 | +68.35 | $1,760 |
| Gross Loans ($M) | ▲ | $1,531 | +60.71 | $1,471 |
| Loan Growth YoY (%) | ▲ | 109.00% | +0.34 | 108.66% |
| Total Deposits ($M) | ▲ | $1,396 | +51.25 | $1,345 |
| Shareholders Equity ($M) | ▲ | $241 | +22.11 | $219 |
| Tang. Book Value ($M) | ▲ | $241 | +22.12 | $219 |
| TBV excl. AOCI ($M)** | ▲ | $252 | +22.62 | $229 |
| Loan / Deposit Ratio (%) | ▲ | 109.00% | +0.34 | 108.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.11 | 0.27% |
| Allowance / Loans (%) | — | 0.61% | -0.01% | 0.62% |
| Net Charge-Off Ratio (%) | ▼ | 0.46% | +0.13 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.56% | +0.67 | 16.89% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 2.33% | 2.36% | 2.42% | 2.67% | 2.75% | 2.83% | 2.89% | 3.03% |
| ▄▅▂▁▇██▂ | Return on Assets (%) | 0.72% | 0.83% | 0.61% | 0.44% | 0.97% | 1.13% | 1.13% | 0.56% |
| ███▄▃▂▂▁ | Efficiency Ratio (%) | 91.6% | 90.1% | 89.4% | 78.3% | 76.4% | 74.8% | 74.6% | 69.5% |
| ▇█▇▄▃▃▂▁ | Cost of Funds (%) | 2.26% | 2.34% | 2.21% | 2.03% | 1.98% | 1.97% | 1.86% | 1.79% |
| ▁▃▂▃▄▄▇█ | NPA / Assets (%) | 0.23% | 0.28% | 0.26% | 0.27% | 0.30% | 0.30% | 0.35% | 0.38% |
| ▁▃▂▃▄▄▇█ | Net Charge-Off Ratio (%) | 0.28% | 0.33% | 0.31% | 0.33% | 0.36% | 0.36% | 0.42% | 0.46% |
| ▁▃▁▂▄▆██ | Tang. Book Value ($M) | $212 | $220 | $216 | $219 | $226 | $234 | $239 | $241 |
| ▁▁▃▃▅▆██ | Gross Loans ($M) | $1,440 | $1,443 | $1,469 | $1,471 | $1,494 | $1,508 | $1,526 | $1,531 |
| ▁▂▄▄▄▆██ | Total Deposits ($M) | $1,311 | $1,324 | $1,348 | $1,345 | $1,353 | $1,371 | $1,388 | $1,396 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 19% |