Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.81% | +0.21 | 1.60% |
| Return on Equity (%) | ▲ | 16.88% | +1.83 | 15.05% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.08 | 3.77% |
| Efficiency Ratio (%) | ▲ | 41.32% | -2.96 | 44.28% |
| Pre-Provision Profit ($M) | ▲ | $13 | +1.16 | $12 |
| Cost of Funds (%) | ▲ | 1.53% | -0.39 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,308 | +62.75 | $2,245 |
| Gross Loans ($M) | ▲ | $1,880 | +97.25 | $1,783 |
| Loan Growth YoY (%) | ▲ | 96.61% | +3.88 | 92.74% |
| Total Deposits ($M) | ▲ | $1,927 | +24.08 | $1,903 |
| Shareholders Equity ($M) | ▲ | $251 | +7.90 | $243 |
| Tang. Book Value ($M) | ▲ | $247 | +9.44 | $238 |
| TBV excl. AOCI ($M)** | ▲ | $254 | +6.93 | $247 |
| Loan / Deposit Ratio (%) | ▲ | 96.61% | +3.88 | 92.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.04 | 0.24% |
| Allowance / Loans (%) | — | 0.97% | -0.04% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.04 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.05% | +0.02 | 13.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▂▅██▅ | Net Interest Margin (%) | 3.71% | 3.79% | 3.83% | 3.77% | 3.86% | 3.93% | 3.94% | 3.84% |
| ▅▆▃▁▄▆▇█ | Return on Assets (%) | 1.73% | 1.74% | 1.67% | 1.60% | 1.70% | 1.74% | 1.77% | 1.81% |
| ████▆▆▅▁ | Efficiency Ratio (%) | 44.4% | 44.4% | 44.6% | 44.3% | 43.6% | 43.5% | 43.0% | 41.3% |
| ████▆▃▁▁ | Cost of Funds (%) | 1.91% | 1.94% | 1.92% | 1.92% | 1.82% | 1.67% | 1.57% | 1.53% |
| ▆▇▃▁█▅▇▆ | NPA / Assets (%) | 0.28% | 0.29% | 0.26% | 0.24% | 0.30% | 0.27% | 0.29% | 0.28% |
| ▃▇▂▁█▅█▆ | Net Charge-Off Ratio (%) | 0.29% | 0.32% | 0.28% | 0.27% | 0.33% | 0.31% | 0.34% | 0.31% |
| ▁▆▅▆▇█▆▇ | Tang. Book Value ($M) | $199 | $236 | $232 | $238 | $247 | $256 | $237 | $247 |
| ▁▅▇▆▆▆██ | Gross Loans ($M) | $1,521 | $1,737 | $1,794 | $1,783 | $1,779 | $1,755 | $1,861 | $1,880 |
| ▁▇██▆▅▆█ | Total Deposits ($M) | $1,608 | $1,894 | $1,940 | $1,903 | $1,851 | $1,781 | $1,857 | $1,927 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 8% |