Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.22 | 1.43% |
| Return on Equity (%) | ▲ | 15.93% | +2.29 | 13.64% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.36 | 3.45% |
| Efficiency Ratio (%) | ▲ | 54.44% | -4.16 | 58.60% |
| Pre-Provision Profit ($M) | ▲ | $13 | +2.98 | $10 |
| Cost of Funds (%) | ▲ | 2.16% | -0.36 | 2.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,859 | +213.06 | $2,646 |
| Gross Loans ($M) | ▲ | $2,287 | +114.15 | $2,173 |
| Loan Growth YoY (%) | ▼ | 92.12% | -6.61 | 98.73% |
| Total Deposits ($M) | ▲ | $2,452 | +277.69 | $2,174 |
| Shareholders Equity ($M) | ▲ | $300 | +15.74 | $284 |
| Tang. Book Value ($M) | ▲ | $300 | +15.74 | $284 |
| TBV excl. AOCI ($M)** | ▲ | $309 | +13.53 | $296 |
| Loan / Deposit Ratio (%) | ▼ | 92.12% | -6.61 | 98.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.03 | 0.07% |
| Allowance / Loans (%) | — | 1.24% | 0.03% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.04 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.31% | -0.43 | 12.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▇▇█ | Net Interest Margin (%) | 3.01% | 3.10% | 3.17% | 3.45% | 3.62% | 3.63% | 3.70% | 3.81% |
| ▁▁▂▅▆▇██ | Return on Assets (%) | 1.14% | 1.19% | 1.25% | 1.43% | 1.51% | 1.57% | 1.64% | 1.65% |
| █▇▇▇▃▂▁▁ | Efficiency Ratio (%) | 60.1% | 58.9% | 59.0% | 58.6% | 56.1% | 55.1% | 53.7% | 54.4% |
| ██▅▄▄▃▂▁ | Cost of Funds (%) | 2.91% | 2.97% | 2.65% | 2.53% | 2.49% | 2.45% | 2.36% | 2.16% |
| █▃▂▂▁▂▁▁ | NPA / Assets (%) | 0.23% | 0.10% | 0.07% | 0.07% | 0.04% | 0.06% | 0.03% | 0.03% |
| █▃▂▂▁▂▁▁ | Net Charge-Off Ratio (%) | 0.29% | 0.12% | 0.09% | 0.08% | 0.05% | 0.08% | 0.04% | 0.04% |
| ▁▃▄▆▅▅██ | Tang. Book Value ($M) | $257 | $269 | $276 | $284 | $283 | $283 | $297 | $300 |
| ▂▂▁▃▃▆██ | Gross Loans ($M) | $2,131 | $2,125 | $2,098 | $2,173 | $2,175 | $2,238 | $2,308 | $2,287 |
| ▁▁▃▁▃▇██ | Total Deposits ($M) | $2,205 | $2,174 | $2,285 | $2,174 | $2,261 | $2,418 | $2,471 | $2,452 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 11% |