Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.19% | -2.23 | 3.41% |
| Return on Equity (%) | ▼ | 9.58% | -21.10 | 30.68% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.27 | 3.23% |
| Efficiency Ratio (%) | ▼ | 52.34% | +22.54 | 29.80% |
| Pre-Provision Profit ($M) | ▼ | $7 | -14.20 | $21 |
| Cost of Funds (%) | ▲ | 2.62% | -0.39 | 3.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,827 | -87.86 | $1,915 |
| Gross Loans ($M) | ▼ | $1,520 | -119.99 | $1,640 |
| Loan Growth YoY (%) | ▼ | 97.39% | -1.95 | 99.34% |
| Total Deposits ($M) | ▼ | $1,541 | -91.14 | $1,632 |
| Shareholders Equity ($M) | ▲ | $221 | +2.13 | $219 |
| Tang. Book Value ($M) | ▼ | $208 | -7.77 | $216 |
| Loan / Deposit Ratio (%) | ▼ | 97.39% | -1.95 | 99.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.26 | 0.14% |
| Allowance / Loans (%) | — | 1.25% | 0.12% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.33% | +0.17 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.32 | 12.32% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▆▇██ | Net Interest Margin (%) | 2.67% | 2.79% | 2.93% | 3.23% | 3.29% | 3.36% | 3.43% | 3.50% |
| ▁▁▂█▅▅▄▂ | Return on Assets (%) | 0.51% | 0.84% | 0.96% | 3.41% | 2.28% | 1.96% | 1.76% | 1.19% |
| █▇▇▁▂▃▅▅ | Efficiency Ratio (%) | 66.4% | 61.2% | 59.2% | 29.8% | 38.7% | 42.2% | 48.6% | 52.3% |
| █▇▅▄▅▅▁▁ | Cost of Funds (%) | 3.43% | 3.28% | 3.07% | 3.01% | 3.10% | 3.05% | 2.72% | 2.62% |
| ▁▄▅▃▂▁▄█ | NPA / Assets (%) | 0.01% | 0.16% | 0.24% | 0.14% | 0.10% | 0.02% | 0.18% | 0.40% |
| ▁▁▄▄▃▁▁█ | Net Charge-Off Ratio (%) | 0.01% | 0.03% | 0.17% | 0.16% | 0.12% | 0.02% | 0.02% | 0.33% |
| ▁▂▃▆▆██▄ | Tang. Book Value ($M) | $187 | $194 | $200 | $216 | $221 | $227 | $233 | $208 |
| ▁▄▇█▆▄▃▃ | Gross Loans ($M) | $1,477 | $1,547 | $1,615 | $1,640 | $1,583 | $1,543 | $1,529 | $1,520 |
| ▁▃▇█▆▄▅▄ | Total Deposits ($M) | $1,457 | $1,502 | $1,604 | $1,632 | $1,585 | $1,526 | $1,545 | $1,541 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 20% |