Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.78% | +0.15 | 1.63% |
| Return on Equity (%) | ▲ | 12.30% | +1.10 | 11.20% |
| Net Interest Margin (%) | ▼ | 5.05% | -0.57 | 5.61% |
| Efficiency Ratio (%) | ▼ | 49.17% | +15.67 | 33.49% |
| Pre-Provision Profit ($M) | ▼ | $20 | -8.89 | $29 |
| Cost of Funds (%) | ▲ | 2.11% | -0.47 | 2.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,267 | +136.49 | $3,131 |
| Gross Loans ($M) | ▲ | $2,906 | +175.53 | $2,731 |
| Loan Growth YoY (%) | ▲ | 104.40% | +1.63 | 102.77% |
| Total Deposits ($M) | ▲ | $2,722 | +126.74 | $2,595 |
| Shareholders Equity ($M) | ▲ | $469 | +4.36 | $464 |
| Tang. Book Value ($M) | ▲ | $469 | +4.53 | $464 |
| TBV excl. AOCI ($M)** | ▲ | $477 | +6.57 | $470 |
| Loan / Deposit Ratio (%) | ▲ | 104.40% | +1.63 | 102.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.06% | -0.25 | 2.31% |
| Allowance / Loans (%) | — | 2.22% | -0.11% | 2.33% |
| Net Charge-Off Ratio (%) | ▲ | 2.09% | -0.34 | 2.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.15% | -0.77 | 15.92% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▆▅▅▄ | Net Interest Margin (%) | 4.50% | 4.59% | 4.53% | 5.61% | 5.20% | 5.12% | 5.14% | 5.05% |
| ▆▂▁▃█▇▃█ | Return on Assets (%) | 1.72% | 1.60% | 1.56% | 1.63% | 1.80% | 1.75% | 1.64% | 1.78% |
| ▅▆█▁▂▄▇█ | Efficiency Ratio (%) | 43.1% | 44.9% | 47.3% | 33.5% | 37.1% | 40.0% | 46.2% | 49.2% |
| ▇█▇▅▃▃▂▁ | Cost of Funds (%) | 2.73% | 2.88% | 2.71% | 2.58% | 2.35% | 2.40% | 2.26% | 2.11% |
| ▁▁▅▄▄██▃ | NPA / Assets (%) | 1.69% | 1.68% | 2.34% | 2.31% | 2.17% | 2.97% | 2.91% | 2.06% |
| ▂▁▄▅▆██▄ | Net Charge-Off Ratio (%) | 1.62% | 1.26% | 2.20% | 2.43% | 2.50% | 3.19% | 3.07% | 2.09% |
| ▁▂▃▅██▄▆ | Tang. Book Value ($M) | $448 | $453 | $458 | $464 | $473 | $476 | $462 | $469 |
| ▅▅▅▁▄▅▅█ | Gross Loans ($M) | $2,837 | $2,822 | $2,833 | $2,731 | $2,799 | $2,826 | $2,821 | $2,906 |
| █▂▄▁▄▃▁▆ | Total Deposits ($M) | $2,788 | $2,625 | $2,689 | $2,595 | $2,669 | $2,657 | $2,589 | $2,722 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 44% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 20% |