Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.23% | -0.12 | 1.35% |
| Return on Equity (%) | ▼ | 15.24% | -0.39 | 15.63% |
| Net Interest Margin (%) | ▼ | 3.52% | -0.14 | 3.66% |
| Efficiency Ratio (%) | ▲ | 51.68% | -2.32 | 54.00% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.13 | $6 |
| Cost of Funds (%) | ▼ | 1.75% | +0.04 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,566 | +205.00 | $1,361 |
| Gross Loans ($M) | ▲ | $1,280 | +176.57 | $1,103 |
| Loan Growth YoY (%) | ▲ | 89.81% | +1.60 | 88.21% |
| Total Deposits ($M) | ▲ | $1,407 | +171.57 | $1,236 |
| Shareholders Equity ($M) | ▲ | $129 | +14.83 | $115 |
| Tang. Book Value ($M) | ▲ | $129 | +14.99 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $132 | +14.43 | $117 |
| Loan / Deposit Ratio (%) | ▲ | 89.81% | +1.60 | 88.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.10 | 0.24% |
| Allowance / Loans (%) | — | 1.26% | 0.05% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.13 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.71% | -0.46 | 11.17% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▃▄▄▃▁ | Net Interest Margin (%) | 4.06% | 4.02% | 3.99% | 3.66% | 3.77% | 3.77% | 3.71% | 3.52% |
| ▇██▇▄▆▄▁ | Return on Assets (%) | 1.35% | 1.37% | 1.38% | 1.35% | 1.30% | 1.34% | 1.30% | 1.23% |
| █▄█▆▇▆█▁ | Efficiency Ratio (%) | 55.0% | 53.5% | 55.3% | 54.0% | 54.7% | 54.3% | 54.9% | 51.7% |
| ▁▆▄▅▇█▄▇ | Cost of Funds (%) | 1.53% | 1.72% | 1.65% | 1.71% | 1.76% | 1.82% | 1.67% | 1.75% |
| ▇▇█▇▄▂▁▁ | NPA / Assets (%) | 0.24% | 0.25% | 0.27% | 0.24% | 0.19% | 0.17% | 0.14% | 0.14% |
| ▇▇██▄▂▁▁ | Net Charge-Off Ratio (%) | 0.29% | 0.29% | 0.31% | 0.30% | 0.23% | 0.20% | 0.18% | 0.17% |
| ▁▂▃▄▄▅▇█ | Tang. Book Value ($M) | $105 | $109 | $111 | $114 | $116 | $119 | $124 | $129 |
| ▁▂▄▄▅▆▇█ | Gross Loans ($M) | $944 | $1,010 | $1,075 | $1,103 | $1,139 | $1,179 | $1,238 | $1,280 |
| ▁▂▃▅▅▅██ | Total Deposits ($M) | $998 | $1,064 | $1,122 | $1,236 | $1,254 | $1,264 | $1,427 | $1,407 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 21% |
| Consumer | 7% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 42% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 13% |