Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.69% | +1.24 | -0.55% |
| Return on Equity (%) | ▲ | 9.65% | +17.28 | -7.63% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.17 | 3.22% |
| Efficiency Ratio (%) | ▲ | 65.20% | -23.07 | 88.27% |
| Pre-Provision Profit ($M) | ▲ | $7 | +5.50 | $2 |
| Cost of Funds (%) | ▲ | 3.49% | -0.32 | 3.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,327 | +597.87 | $1,729 |
| Gross Loans ($M) | ▲ | $2,175 | +512.18 | $1,662 |
| Loan Growth YoY (%) | ▼ | 109.11% | -3.57 | 112.68% |
| Total Deposits ($M) | ▲ | $1,978 | +512.27 | $1,466 |
| Shareholders Equity ($M) | ▲ | $168 | +42.03 | $126 |
| Tang. Book Value ($M) | ▲ | $164 | +41.20 | $123 |
| Loan / Deposit Ratio (%) | ▼ | 109.11% | -3.57 | 112.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.55% | +0.12 | 3.42% |
| Allowance / Loans (%) | — | 0.75% | 0.10% | 0.65% |
| Net Charge-Off Ratio (%) | ▼ | 3.76% | +0.20 | 3.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.96% | +0.25 | 15.71% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▂▃▂▂ | Net Interest Margin (%) | 4.31% | 4.13% | 4.03% | 3.22% | 3.40% | 3.49% | 3.48% | 3.39% |
| █▇▇▁▃▅▅▆ | Return on Assets (%) | 1.35% | 0.98% | 0.90% | -0.55% | 0.12% | 0.45% | 0.55% | 0.69% |
| ▁▂▃█▆▄▃▂ | Efficiency Ratio (%) | 57.5% | 63.6% | 66.0% | 88.3% | 77.1% | 69.6% | 65.4% | 65.2% |
| ▆█▇▄▄▃▁▁ | Cost of Funds (%) | 4.02% | 4.22% | 4.05% | 3.81% | 3.78% | 3.69% | 3.51% | 3.49% |
| ▁▄▅██▇▅█ | NPA / Assets (%) | 1.64% | 2.51% | 2.75% | 3.42% | 3.33% | 3.23% | 2.82% | 3.55% |
| ▁▄▅█▇▇▆█ | Net Charge-Off Ratio (%) | 1.75% | 2.60% | 2.87% | 3.56% | 3.45% | 3.45% | 3.07% | 3.76% |
| ▁▁▂▃▅▇██ | Tang. Book Value ($M) | $100 | $101 | $111 | $123 | $135 | $152 | $158 | $164 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $1,253 | $1,409 | $1,508 | $1,662 | $1,802 | $1,888 | $2,085 | $2,175 |
| ▁▁▃▄▄▆██ | Total Deposits ($M) | $1,150 | $1,177 | $1,401 | $1,466 | $1,561 | $1,743 | $1,936 | $1,978 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 53% |
| C&I / Commercial | 47% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 1% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 57% |