Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.14% | +0.19 | 1.95% |
| Return on Equity (%) | ▲ | 13.12% | +1.73 | 11.39% |
| Net Interest Margin (%) | ▲ | 4.33% | +0.11 | 4.22% |
| Efficiency Ratio (%) | ▲ | 27.83% | -3.06 | 30.89% |
| Pre-Provision Profit ($M) | ▲ | $14 | +2.47 | $11 |
| Cost of Funds (%) | ▲ | 2.44% | -0.20 | 2.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,848 | +160.26 | $1,688 |
| Gross Loans ($M) | ▲ | $1,574 | +113.68 | $1,460 |
| Loan Growth YoY (%) | ▼ | 101.99% | -2.36 | 104.35% |
| Total Deposits ($M) | ▲ | $1,528 | +142.65 | $1,385 |
| Shareholders Equity ($M) | ▲ | $293 | +19.40 | $273 |
| Tang. Book Value ($M) | ▲ | $293 | +19.40 | $273 |
| TBV excl. AOCI ($M)** | ▲ | $294 | +20.14 | $274 |
| Loan / Deposit Ratio (%) | ▼ | 101.99% | -2.36 | 104.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.62% | -0.21 | 1.83% |
| Allowance / Loans (%) | — | 0.98% | -0.02% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.69% | -0.12 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▅▆▁▄▇█▆ | Net Interest Margin (%) | 4.21% | 4.31% | 4.32% | 4.22% | 4.29% | 4.35% | 4.38% | 4.33% |
| ▁▄▆▁▃▆█▅ | Return on Assets (%) | 1.93% | 2.10% | 2.17% | 1.95% | 2.05% | 2.19% | 2.28% | 2.14% |
| █▇▄▇▄▃▁▃ | Efficiency Ratio (%) | 32.2% | 30.9% | 28.9% | 30.9% | 28.9% | 27.9% | 26.3% | 27.8% |
| ▇█▆▄▅▅▄▁ | Cost of Funds (%) | 2.84% | 2.96% | 2.81% | 2.65% | 2.72% | 2.73% | 2.64% | 2.44% |
| ▅▅█▂▂▁▁▁ | NPA / Assets (%) | 2.07% | 2.12% | 2.48% | 1.83% | 1.75% | 1.69% | 1.68% | 1.62% |
| █▆▇▁▁▁▁▁ | Net Charge-Off Ratio (%) | 2.34% | 1.74% | 2.10% | 0.81% | 0.74% | 0.73% | 0.71% | 0.69% |
| ▁▂▄▃▅▇█▇ | Tang. Book Value ($M) | $259 | $268 | $276 | $273 | $282 | $292 | $303 | $293 |
| ▁▁▃▅████ | Gross Loans ($M) | $1,284 | $1,298 | $1,372 | $1,460 | $1,550 | $1,583 | $1,578 | $1,574 |
| ▁▁▂▅▇█▇█ | Total Deposits ($M) | $1,168 | $1,197 | $1,227 | $1,385 | $1,440 | $1,485 | $1,473 | $1,528 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 36% |