Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.40 | 0.97% |
| Return on Equity (%) | ▲ | 10.57% | +2.13 | 8.44% |
| Net Interest Margin (%) | ▲ | 3.71% | +0.62 | 3.09% |
| Efficiency Ratio (%) | ▲ | 49.80% | -4.38 | 54.19% |
| Pre-Provision Profit ($M) | ▲ | $12 | +2.93 | $9 |
| Cost of Funds (%) | ▲ | 1.57% | -0.19 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,712 | -32.82 | $2,745 |
| Gross Loans ($M) | ▲ | $1,888 | +129.88 | $1,758 |
| Loan Growth YoY (%) | ▲ | 79.54% | +7.43 | 72.11% |
| Total Deposits ($M) | ▼ | $2,345 | -63.20 | $2,408 |
| Shareholders Equity ($M) | ▲ | $348 | +28.29 | $320 |
| Tang. Book Value ($M) | ▲ | $250 | +31.44 | $219 |
| TBV excl. AOCI ($M)** | ▲ | $278 | +27.31 | $251 |
| Loan / Deposit Ratio (%) | ▲ | 79.54% | +7.43 | 72.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.26% | +0.20 | 1.06% |
| Allowance / Loans (%) | — | 1.17% | -0.02% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.04 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.63% | -0.40 | 14.02% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.63% | 2.54% | 2.66% | 3.09% | 3.23% | 3.34% | 3.44% | 3.71% |
| ▂▁▁▄▅▆▆█ | Return on Assets (%) | 0.74% | 0.58% | 0.63% | 0.97% | 1.05% | 1.08% | 1.14% | 1.37% |
| ▄██▄▃▃▃▁ | Efficiency Ratio (%) | 54.4% | 60.9% | 60.5% | 54.2% | 53.6% | 53.3% | 52.7% | 49.8% |
| ▆█▄▂▂▂▁▁ | Cost of Funds (%) | 2.25% | 2.47% | 1.94% | 1.77% | 1.75% | 1.75% | 1.68% | 1.57% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 3.94% | 1.09% | 1.18% | 1.06% | 1.13% | 1.22% | 1.29% | 1.26% |
| █▁▂▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.06% | 0.03% | 0.18% | 0.03% | 0.03% | 0.10% | 0.15% | 0.07% |
| ▁▃▁▃▅▇█▇ | Tang. Book Value ($M) | $200 | $218 | $204 | $219 | $234 | $246 | $258 | $250 |
| ▁▂▄▅▆███ | Gross Loans ($M) | $1,616 | $1,675 | $1,719 | $1,758 | $1,814 | $1,860 | $1,861 | $1,888 |
| ▁▃▄█▃▅▄▄ | Total Deposits ($M) | $2,307 | $2,340 | $2,357 | $2,408 | $2,337 | $2,358 | $2,353 | $2,345 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 5% |