Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.49% | +0.04 | 1.45% |
| Return on Equity (%) | ▼ | 11.28% | -0.31 | 11.59% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.04 | 3.64% |
| Efficiency Ratio (%) | ▲ | 42.51% | -2.41 | 44.92% |
| Pre-Provision Profit ($M) | ▲ | $12 | +1.53 | $10 |
| Cost of Funds (%) | ▲ | 2.69% | -0.34 | 3.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,249 | +114.04 | $2,135 |
| Gross Loans ($M) | ▲ | $1,911 | +148.82 | $1,762 |
| Loan Growth YoY (%) | ▲ | 99.98% | +2.43 | 97.55% |
| Total Deposits ($M) | ▲ | $1,886 | +100.82 | $1,786 |
| Shareholders Equity ($M) | ▲ | $299 | +35.89 | $263 |
| Tang. Book Value ($M) | ▲ | $298 | +36.07 | $262 |
| TBV excl. AOCI ($M)** | ▲ | $301 | +36.06 | $265 |
| Loan / Deposit Ratio (%) | ▲ | 99.98% | +2.43 | 97.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.63% | +0.34 | 1.29% |
| Allowance / Loans (%) | — | 1.30% | 0.15% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 1.91% | +0.35 | 1.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.25% | +0.42 | 14.83% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▆▁▄▇█▂ | Net Interest Margin (%) | 3.74% | 3.74% | 3.78% | 3.64% | 3.71% | 3.80% | 3.83% | 3.68% |
| ▃▅█▁▄█▇▂ | Return on Assets (%) | 1.50% | 1.55% | 1.62% | 1.45% | 1.52% | 1.61% | 1.58% | 1.49% |
| ██▂█▅▁▁▄ | Efficiency Ratio (%) | 44.6% | 44.5% | 41.9% | 44.9% | 43.1% | 41.2% | 41.0% | 42.5% |
| ██▇▄▅▄▂▁ | Cost of Funds (%) | 3.39% | 3.45% | 3.33% | 3.03% | 3.08% | 3.06% | 2.82% | 2.69% |
| ▂▁▁▃▆▄██ | NPA / Assets (%) | 1.24% | 1.16% | 1.12% | 1.29% | 1.45% | 1.32% | 1.60% | 1.63% |
| ▃▂▁▄▇▅██ | Net Charge-Off Ratio (%) | 1.49% | 1.42% | 1.31% | 1.56% | 1.78% | 1.62% | 1.90% | 1.91% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $237 | $246 | $254 | $262 | $271 | $282 | $290 | $298 |
| ▁▁▄▅▅▆▇█ | Gross Loans ($M) | $1,582 | $1,615 | $1,707 | $1,762 | $1,774 | $1,822 | $1,869 | $1,911 |
| ▁▃▃▆▇███ | Total Deposits ($M) | $1,588 | $1,669 | $1,669 | $1,786 | $1,822 | $1,868 | $1,868 | $1,886 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 33% |