Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.04% | -0.28 | 2.32% |
| Return on Equity (%) | ▼ | 16.73% | -4.25 | 20.98% |
| Net Interest Margin (%) | ▼ | 4.96% | -0.05 | 5.02% |
| Efficiency Ratio (%) | ▼ | 48.62% | +3.33 | 45.28% |
| Pre-Provision Profit ($M) | ▼ | $17 | -0.34 | $17 |
| Cost of Funds (%) | ▲ | 0.87% | -0.13 | 1.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,579 | +126.66 | $2,452 |
| Gross Loans ($M) | ▲ | $1,599 | +8.12 | $1,591 |
| Loan Growth YoY (%) | ▼ | 70.63% | -2.54 | 73.17% |
| Total Deposits ($M) | ▲ | $2,227 | +85.02 | $2,142 |
| Shareholders Equity ($M) | ▲ | $319 | +43.80 | $276 |
| Tang. Book Value ($M) | ▲ | $304 | +43.80 | $260 |
| TBV excl. AOCI ($M)** | ▲ | $315 | +42.80 | $273 |
| Loan / Deposit Ratio (%) | ▼ | 70.63% | -2.54 | 73.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.15 | 0.36% |
| Allowance / Loans (%) | — | 1.61% | 0.14% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.15 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.44% | +2.43 | 14.01% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▅▂▆█▇▁ | Net Interest Margin (%) | 5.16% | 5.16% | 5.16% | 5.02% | 5.19% | 5.31% | 5.27% | 4.96% |
| ██▆█▇▇▆▁ | Return on Assets (%) | 2.35% | 2.35% | 2.27% | 2.32% | 2.28% | 2.29% | 2.27% | 2.04% |
| ▁▁▂▂▁▁▁█ | Efficiency Ratio (%) | 44.7% | 44.8% | 45.6% | 45.3% | 44.6% | 44.6% | 45.0% | 48.6% |
| ▇█▄▃▃▁▁▁ | Cost of Funds (%) | 1.24% | 1.36% | 1.11% | 1.01% | 1.00% | 0.92% | 0.93% | 0.87% |
| ▂▁▁▂███▅ | NPA / Assets (%) | 0.32% | 0.31% | 0.25% | 0.36% | 0.74% | 0.72% | 0.72% | 0.51% |
| ▁▁▁▂█▇█▄ | Net Charge-Off Ratio (%) | 0.47% | 0.46% | 0.38% | 0.55% | 1.05% | 0.95% | 1.09% | 0.70% |
| ▁▁▂▄▅▆██ | Tang. Book Value ($M) | $232 | $240 | $247 | $260 | $272 | $284 | $296 | $304 |
| ▁▁▅▆▆█▇▆ | Gross Loans ($M) | $1,477 | $1,499 | $1,583 | $1,591 | $1,606 | $1,658 | $1,616 | $1,599 |
| ▁▂▅▆▅▃██ | Total Deposits ($M) | $1,897 | $1,945 | $2,108 | $2,142 | $2,081 | $2,006 | $2,239 | $2,227 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 32% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 48% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 6% |