Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.06 | 1.20% |
| Return on Equity (%) | ▲ | 8.56% | +0.28 | 8.28% |
| Net Interest Margin (%) | ▲ | 4.45% | +0.43 | 4.02% |
| Efficiency Ratio (%) | ▲ | 49.46% | -3.97 | 53.43% |
| Pre-Provision Profit ($M) | ▲ | $16 | +4.17 | $12 |
| Cost of Funds (%) | ▲ | 1.43% | -0.21 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,271 | +290.12 | $2,981 |
| Gross Loans ($M) | ▲ | $2,442 | +144.07 | $2,298 |
| Loan Growth YoY (%) | ▼ | 91.59% | -3.21 | 94.80% |
| Total Deposits ($M) | ▲ | $2,652 | +239.84 | $2,412 |
| Shareholders Equity ($M) | ▲ | $485 | +52.33 | $433 |
| Tang. Book Value ($M) | ▲ | $351 | +48.42 | $302 |
| TBV excl. AOCI ($M)** | ▲ | $369 | +54.51 | $315 |
| Loan / Deposit Ratio (%) | ▼ | 91.59% | -3.21 | 94.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.15 | 0.50% |
| Allowance / Loans (%) | — | 0.53% | 0.05% | 0.48% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.18 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.99% | +1.14 | 14.84% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▁▂▇████ | Net Interest Margin (%) | 3.44% | 1.52% | 2.22% | 4.02% | 4.09% | 4.16% | 4.20% | 4.45% |
| ▆▁▃█████ | Return on Assets (%) | 0.93% | 0.20% | 0.53% | 1.20% | 1.23% | 1.28% | 1.31% | 1.27% |
| █▆▃▃▂▂▂▁ | Efficiency Ratio (%) | 64.5% | 60.3% | 53.3% | 53.4% | 52.7% | 51.8% | 51.5% | 49.5% |
| ▆▁█▇▇▆▅▅ | Cost of Funds (%) | 1.56% | 0.98% | 1.76% | 1.64% | 1.57% | 1.51% | 1.47% | 1.43% |
| ▁▇██▆█▅▃ | NPA / Assets (%) | 0.27% | 0.47% | 0.51% | 0.50% | 0.45% | 0.51% | 0.40% | 0.35% |
| ▁▇██▆█▅▄ | Net Charge-Off Ratio (%) | 0.33% | 0.59% | 0.64% | 0.65% | 0.57% | 0.66% | 0.52% | 0.47% |
| ▁▅▅▆▆▇██ | Tang. Book Value ($M) | $206 | $284 | $292 | $302 | $312 | $324 | $341 | $351 |
| ▁▇▇▇▇▇██ | Gross Loans ($M) | $1,339 | $2,330 | $2,320 | $2,298 | $2,328 | $2,301 | $2,472 | $2,442 |
| ▁▇▇▇▇▇██ | Total Deposits ($M) | $1,414 | $2,346 | $2,345 | $2,412 | $2,401 | $2,402 | $2,620 | $2,652 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 12% |