Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.14 | 0.98% |
| Return on Equity (%) | ▲ | 9.91% | +0.29 | 9.62% |
| Net Interest Margin (%) | ▲ | 2.83% | +0.04 | 2.78% |
| Efficiency Ratio (%) | ▲ | 51.07% | -6.42 | 57.49% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.36 | $6 |
| Cost of Funds (%) | ▲ | 2.59% | -0.39 | 2.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,143 | +50.91 | $2,093 |
| Gross Loans ($M) | ▲ | $1,784 | +12.09 | $1,771 |
| Loan Growth YoY (%) | ▼ | 97.43% | -0.54 | 97.97% |
| Total Deposits ($M) | ▲ | $1,811 | +21.47 | $1,790 |
| Shareholders Equity ($M) | ▲ | $243 | +28.83 | $215 |
| Tang. Book Value ($M) | ▲ | $243 | +28.83 | $215 |
| Loan / Deposit Ratio (%) | ▼ | 97.43% | -0.54 | 97.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.95% | +0.23 | 0.72% |
| Allowance / Loans (%) | — | 1.05% | 0.04% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 1.14% | +0.32 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.95% | +1.36 | 12.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆███▇ | Net Interest Margin (%) | 2.50% | 2.51% | 2.57% | 2.78% | 2.89% | 2.90% | 2.92% | 2.83% |
| ▁▂▃▆▇▅▇█ | Return on Assets (%) | 0.58% | 0.70% | 0.77% | 0.98% | 1.04% | 0.90% | 0.99% | 1.12% |
| ██▇█▅▁▁▄ | Efficiency Ratio (%) | 56.9% | 56.5% | 55.3% | 57.5% | 53.2% | 48.1% | 47.2% | 51.1% |
| ██▇▄▃▄▃▁ | Cost of Funds (%) | 3.38% | 3.45% | 3.24% | 2.97% | 2.91% | 2.94% | 2.84% | 2.59% |
| ▂▄▅▅▆▁▅█ | NPA / Assets (%) | 0.54% | 0.71% | 0.72% | 0.72% | 0.80% | 0.48% | 0.72% | 0.95% |
| ▁▄▄▄▆▁▅█ | Net Charge-Off Ratio (%) | 0.64% | 0.84% | 0.84% | 0.82% | 0.94% | 0.57% | 0.87% | 1.14% |
| ▁▁▂▃▆▇██ | Tang. Book Value ($M) | $199 | $205 | $209 | $215 | $231 | $234 | $239 | $243 |
| ▁▄▄▇█▅▆█ | Gross Loans ($M) | $1,710 | $1,739 | $1,742 | $1,771 | $1,776 | $1,748 | $1,762 | $1,784 |
| ▁▄▅▇█▆▇█ | Total Deposits ($M) | $1,698 | $1,747 | $1,759 | $1,790 | $1,811 | $1,781 | $1,783 | $1,811 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 28% |