Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.23 | 0.44% |
| Return on Equity (%) | ▲ | 4.80% | +1.72 | 3.08% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.25 | 3.02% |
| Efficiency Ratio (%) | ▲ | 72.98% | -9.38 | 82.36% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.45 | $3 |
| Cost of Funds (%) | ▼ | 1.73% | +0.04 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,221 | +147.46 | $2,074 |
| Gross Loans ($M) | ▲ | $1,748 | +148.59 | $1,600 |
| Loan Growth YoY (%) | ▼ | 102.93% | -1.55 | 104.48% |
| Total Deposits ($M) | ▲ | $1,682 | +164.83 | $1,517 |
| Shareholders Equity ($M) | ▲ | $313 | +17.36 | $296 |
| Tang. Book Value ($M) | ▲ | $312 | +17.39 | $294 |
| TBV excl. AOCI ($M)** | ▲ | $328 | +17.40 | $311 |
| Loan / Deposit Ratio (%) | ▼ | 102.93% | -1.55 | 104.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.92% | -0.08 | 1.00% |
| Allowance / Loans (%) | — | 0.99% | 0.06% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 1.17% | -0.13 | 1.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.85% | 2.84% | 2.89% | 3.02% | 3.09% | 3.15% | 3.20% | 3.27% |
| ▁▂▁▁▂▅▆█ | Return on Assets (%) | 0.47% | 0.48% | 0.46% | 0.44% | 0.48% | 0.57% | 0.60% | 0.68% |
| ████▅▃▁▁ | Efficiency Ratio (%) | 82.2% | 81.2% | 81.9% | 82.4% | 78.6% | 75.6% | 74.1% | 73.0% |
| ▅█▅▁▅▅▄▁ | Cost of Funds (%) | 1.86% | 1.99% | 1.85% | 1.69% | 1.84% | 1.87% | 1.82% | 1.73% |
| ▇█▇▆▃▁▁▁ | NPA / Assets (%) | 1.03% | 1.05% | 1.03% | 1.00% | 0.96% | 0.92% | 0.93% | 0.92% |
| ▇█▇▅▃▁▁▁ | Net Charge-Off Ratio (%) | 1.35% | 1.38% | 1.35% | 1.30% | 1.23% | 1.17% | 1.19% | 1.17% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $280 | $290 | $288 | $294 | $298 | $305 | $309 | $312 |
| ▁▂▂▄▆███ | Gross Loans ($M) | $1,468 | $1,510 | $1,512 | $1,600 | $1,678 | $1,714 | $1,725 | $1,748 |
| ▁▁▁▃▂▇██ | Total Deposits ($M) | $1,450 | $1,457 | $1,448 | $1,517 | $1,497 | $1,632 | $1,668 | $1,682 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 16% |