Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.42 | 0.84% |
| Return on Equity (%) | ▲ | 10.05% | +2.37 | 7.68% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.59 | 2.90% |
| Efficiency Ratio (%) | ▲ | 51.74% | -6.86 | 58.60% |
| Pre-Provision Profit ($M) | ▲ | $11 | +4.33 | $6 |
| Cost of Funds (%) | ▲ | 2.18% | -0.28 | 2.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,545 | +356.53 | $2,189 |
| Gross Loans ($M) | ▲ | $2,178 | +330.57 | $1,848 |
| Loan Growth YoY (%) | ▲ | 107.93% | +0.60 | 107.33% |
| Total Deposits ($M) | ▲ | $1,997 | +292.84 | $1,704 |
| Shareholders Equity ($M) | ▲ | $323 | +82.00 | $241 |
| Tang. Book Value ($M) | ▲ | $309 | +83.43 | $225 |
| TBV excl. AOCI ($M)** | ▲ | $322 | +84.41 | $237 |
| Loan / Deposit Ratio (%) | ▲ | 107.93% | +0.60 | 107.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.07 | 0.35% |
| Allowance / Loans (%) | — | 1.05% | 0.04% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.47% | +0.07 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▅▆█ | Net Interest Margin (%) | 2.68% | 2.74% | 2.80% | 2.90% | 2.98% | 3.17% | 3.25% | 3.49% |
| ▁▁▁▁▂▆▇█ | Return on Assets (%) | 0.80% | 0.82% | 0.83% | 0.84% | 0.91% | 1.12% | 1.15% | 1.26% |
| ▇▇██▇▂▂▁ | Efficiency Ratio (%) | 57.5% | 57.7% | 58.0% | 58.6% | 57.0% | 53.1% | 52.6% | 51.7% |
| ▆█▇▅▅█▁▁ | Cost of Funds (%) | 2.54% | 2.62% | 2.57% | 2.46% | 2.46% | 2.67% | 2.23% | 2.18% |
| ▁▃▆▆▇▅▄█ | NPA / Assets (%) | 0.18% | 0.26% | 0.34% | 0.35% | 0.36% | 0.30% | 0.29% | 0.42% |
| ▁▃▆▆▇▅▄█ | Net Charge-Off Ratio (%) | 0.21% | 0.30% | 0.40% | 0.40% | 0.42% | 0.36% | 0.33% | 0.47% |
| ▁▁▁▂▂███ | Tang. Book Value ($M) | $210 | $220 | $220 | $225 | $232 | $297 | $303 | $309 |
| ▁▁▁▁▂▇██ | Gross Loans ($M) | $1,848 | $1,832 | $1,819 | $1,848 | $1,884 | $2,122 | $2,162 | $2,178 |
| ▁▁▂▂▃███ | Total Deposits ($M) | $1,638 | $1,683 | $1,691 | $1,704 | $1,742 | $1,990 | $2,016 | $1,997 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 17% |