Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.32% | +0.16 | 0.16% |
| Return on Equity (%) | ▲ | 2.93% | +1.42 | 1.51% |
| Net Interest Margin (%) | ▲ | 2.85% | +0.22 | 2.62% |
| Efficiency Ratio (%) | ▲ | 75.50% | -0.53 | 76.03% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.46 | $4 |
| Cost of Funds (%) | ▲ | 2.06% | -0.22 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,576 | +76.60 | $2,500 |
| Gross Loans ($M) | ▲ | $1,998 | +40.92 | $1,957 |
| Loan Growth YoY (%) | ▼ | 96.76% | -5.82 | 102.58% |
| Total Deposits ($M) | ▲ | $2,049 | +154.53 | $1,895 |
| Shareholders Equity ($M) | ▲ | $282 | +20.04 | $262 |
| Tang. Book Value ($M) | ▲ | $279 | +20.23 | $259 |
| TBV excl. AOCI ($M)** | ▲ | $302 | +20.66 | $281 |
| Loan / Deposit Ratio (%) | ▼ | 96.76% | -5.82 | 102.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.82% | +0.03 | 0.80% |
| Allowance / Loans (%) | — | 0.77% | 0.07% | 0.70% |
| Net Charge-Off Ratio (%) | ▲ | 0.68% | -0.03 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.83% | +0.48 | 13.35% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▅▆█ | Net Interest Margin (%) | 2.39% | 2.41% | 2.42% | 2.62% | 2.64% | 2.67% | 2.71% | 2.85% |
| ▆▇▅▁▅▇█▃ | Return on Assets (%) | 0.52% | 0.59% | 0.44% | 0.16% | 0.47% | 0.58% | 0.71% | 0.32% |
| ▇▇█▂▂▂▁▁ | Efficiency Ratio (%) | 88.4% | 87.0% | 91.0% | 76.0% | 76.5% | 76.7% | 73.9% | 75.5% |
| ▇█▇▅▄▃▃▁ | Cost of Funds (%) | 2.42% | 2.47% | 2.41% | 2.28% | 2.25% | 2.21% | 2.17% | 2.06% |
| ▁▆█▇█▅▆█ | NPA / Assets (%) | 0.65% | 0.78% | 0.81% | 0.80% | 0.83% | 0.75% | 0.77% | 0.82% |
| ▁██▇▇▂▃▆ | Net Charge-Off Ratio (%) | 0.57% | 0.74% | 0.74% | 0.71% | 0.72% | 0.60% | 0.62% | 0.68% |
| ▁▂▃▃▄▆██ | Tang. Book Value ($M) | $249 | $255 | $257 | $259 | $264 | $269 | $277 | $279 |
| ▁▂▅▆████ | Gross Loans ($M) | $1,868 | $1,894 | $1,949 | $1,957 | $1,986 | $1,991 | $1,985 | $1,998 |
| ▁▃▁▃▃▅▇█ | Total Deposits ($M) | $1,827 | $1,898 | $1,832 | $1,895 | $1,909 | $1,951 | $2,018 | $2,049 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 15% |