Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 3.94% | -0.13 | 4.07% |
| Return on Equity (%) | ▼ | 26.95% | -2.56 | 29.51% |
| Net Interest Margin (%) | ▼ | 5.04% | -0.06 | 5.09% |
| Efficiency Ratio (%) | ▼ | 20.65% | +1.28 | 19.37% |
| Pre-Provision Profit ($M) | ▼ | $27 | -1.35 | $28 |
| Cost of Funds (%) | ▲ | 3.09% | -0.57 | 3.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,765 | -25.53 | $2,790 |
| Gross Loans ($M) | ▼ | $2,232 | -51.02 | $2,283 |
| Loan Growth YoY (%) | ▲ | 99.27% | +2.59 | 96.68% |
| Total Deposits ($M) | ▼ | $2,224 | -111.02 | $2,335 |
| Shareholders Equity ($M) | ▲ | $401 | +22.71 | $379 |
| Tang. Book Value ($M) | ▲ | $401 | +22.71 | $379 |
| TBV excl. AOCI ($M)** | ▲ | $410 | +24.24 | $386 |
| Loan / Deposit Ratio (%) | ▲ | 99.27% | +2.59 | 96.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.30% | +0.20 | 2.10% |
| Allowance / Loans (%) | — | 1.07% | -0.04% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 1.24% | -1.24 | 2.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▂▃▃▁ | Net Interest Margin (%) | 5.70% | 5.62% | 5.58% | 5.09% | 5.14% | 5.24% | 5.27% | 5.04% |
| ██▁▂▂▃▁▁ | Return on Assets (%) | 4.66% | 4.60% | 4.00% | 4.07% | 4.05% | 4.14% | 3.98% | 3.94% |
| ▁▁▁▅▇▆▇█ | Efficiency Ratio (%) | 17.3% | 17.5% | 17.6% | 19.4% | 20.0% | 19.5% | 20.1% | 20.6% |
| ███▅▄▃▂▁ | Cost of Funds (%) | 4.22% | 4.19% | 4.08% | 3.67% | 3.60% | 3.50% | 3.33% | 3.09% |
| ▁▃▃▃███▄ | NPA / Assets (%) | 1.82% | 2.14% | 2.19% | 2.10% | 2.82% | 2.87% | 2.78% | 2.30% |
| ▅████▇▆▁ | Net Charge-Off Ratio (%) | 2.07% | 2.55% | 2.57% | 2.48% | 2.44% | 2.39% | 2.20% | 1.24% |
| ▁▁▃▁▄█▅▄ | Tang. Book Value ($M) | $376 | $380 | $390 | $379 | $398 | $431 | $407 | $401 |
| ▁█▇▆▃▅▄▁ | Gross Loans ($M) | $2,223 | $2,307 | $2,289 | $2,283 | $2,251 | $2,274 | $2,260 | $2,232 |
| █▇▄█▆▆▁▁ | Total Deposits ($M) | $2,323 | $2,315 | $2,279 | $2,335 | $2,297 | $2,305 | $2,238 | $2,224 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 25% |