Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.67% | +0.07 | 0.60% |
| Return on Equity (%) | ▼ | 10.66% | -0.94 | 11.60% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.35 | 3.24% |
| Efficiency Ratio (%) | ▲ | 78.85% | -4.34 | 83.20% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.65 | $4 |
| Cost of Funds (%) | ▲ | 0.83% | -0.18 | 1.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,964 | +15.47 | $2,949 |
| Gross Loans ($M) | ▼ | $1,767 | -120.99 | $1,888 |
| Loan Growth YoY (%) | ▼ | 65.70% | -8.08 | 73.78% |
| Total Deposits ($M) | ▲ | $2,665 | +127.36 | $2,537 |
| Shareholders Equity ($M) | ▲ | $192 | +33.32 | $158 |
| Tang. Book Value ($M) | ▲ | $192 | +33.32 | $158 |
| TBV excl. AOCI ($M)** | ▲ | $228 | +29.82 | $198 |
| Loan / Deposit Ratio (%) | ▼ | 65.70% | -8.08 | 73.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.30 | 0.05% |
| Allowance / Loans (%) | — | 0.92% | 0.08% | 0.84% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.38 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.19% | +1.17 | 13.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▇▇█ | Net Interest Margin (%) | 2.92% | 2.98% | 3.08% | 3.24% | 3.34% | 3.43% | 3.46% | 3.59% |
| ▁▁▁▂▄▅█▄ | Return on Assets (%) | 0.55% | 0.56% | 0.58% | 0.60% | 0.65% | 0.70% | 0.81% | 0.67% |
| ▅▅▄█▆▃▁▁ | Efficiency Ratio (%) | 81.2% | 80.9% | 80.6% | 83.2% | 81.4% | 79.9% | 78.4% | 78.9% |
| ██▅▄▄▂▁▁ | Cost of Funds (%) | 1.28% | 1.27% | 1.09% | 1.01% | 1.00% | 0.87% | 0.80% | 0.83% |
| ▁▁▁▁▁▁█▃ | NPA / Assets (%) | 0.13% | 0.05% | 0.06% | 0.05% | 0.11% | 0.13% | 0.93% | 0.35% |
| ▁▁▁▁▁▁█▃ | Net Charge-Off Ratio (%) | 0.14% | 0.03% | 0.07% | 0.05% | 0.06% | 0.08% | 1.39% | 0.43% |
| ▃▅▁▂▂▄▇█ | Tang. Book Value ($M) | $159 | $171 | $147 | $158 | $156 | $168 | $181 | $192 |
| ▇██▇▆█▅▁ | Gross Loans ($M) | $1,876 | $1,908 | $1,908 | $1,888 | $1,869 | $1,893 | $1,844 | $1,767 |
| ▁▄▅▄▃▇██ | Total Deposits ($M) | $2,428 | $2,539 | $2,569 | $2,537 | $2,524 | $2,637 | $2,693 | $2,665 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 6% |