Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.40 | 0.59% |
| Return on Equity (%) | ▲ | 7.76% | +3.18 | 4.58% |
| Net Interest Margin (%) | ▲ | 2.78% | +0.34 | 2.43% |
| Efficiency Ratio (%) | ▲ | 52.32% | -7.63 | 59.94% |
| Pre-Provision Profit ($M) | ▲ | $20 | +5.41 | $14 |
| Cost of Funds (%) | ▲ | 1.77% | -0.18 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,735 | +25.65 | $5,709 |
| Gross Loans ($M) | ▼ | $3,808 | -188.47 | $3,996 |
| Loan Growth YoY (%) | ▼ | 91.50% | -3.33 | 94.82% |
| Total Deposits ($M) | ▼ | $4,121 | -56.46 | $4,178 |
| Shareholders Equity ($M) | ▼ | $737 | -5.01 | $742 |
| Tang. Book Value ($M) | ▲ | $737 | +36.10 | $701 |
| TBV excl. AOCI ($M)** | ▲ | $806 | +42.63 | $764 |
| Loan / Deposit Ratio (%) | ▼ | 91.50% | -3.33 | 94.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.03 | 0.38% |
| Allowance / Loans (%) | — | 0.97% | 0.10% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 0.61% | +0.07 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.15% | 2.15% | 2.18% | 2.43% | 2.53% | 2.56% | 2.61% | 2.78% |
| ▄▄▅▅▆▆▁█ | Return on Assets (%) | 0.46% | 0.47% | 0.56% | 0.59% | 0.65% | 0.70% | 0.05% | 0.99% |
| ▅▅▄▃▂▂█▁ | Efficiency Ratio (%) | 70.3% | 67.6% | 64.3% | 59.9% | 58.8% | 58.5% | 82.7% | 52.3% |
| ██▇▄▄▄▂▁ | Cost of Funds (%) | 2.17% | 2.15% | 2.10% | 1.95% | 1.94% | 1.95% | 1.84% | 1.77% |
| ▂█▄▃▁▃▁▄ | NPA / Assets (%) | 0.33% | 0.57% | 0.40% | 0.38% | 0.29% | 0.37% | 0.31% | 0.41% |
| ▁█▃▃▁▃▂▅ | Net Charge-Off Ratio (%) | 0.46% | 0.80% | 0.56% | 0.54% | 0.42% | 0.54% | 0.47% | 0.61% |
| ▁▂▃▅▅▆▇█ | Tang. Book Value ($M) | $652 | $671 | $683 | $701 | $696 | $706 | $724 | $737 |
| ██▇▆▄▃▂▁ | Gross Loans ($M) | $4,091 | $4,064 | $4,027 | $3,996 | $3,921 | $3,900 | $3,857 | $3,808 |
| ▁▂██▅▄▅▇ | Total Deposits ($M) | $3,865 | $3,927 | $4,184 | $4,178 | $4,031 | $4,016 | $4,049 | $4,121 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 4% |