Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.03% | -0.16 | 2.19% |
| Return on Equity (%) | ▼ | 12.16% | -2.20 | 14.36% |
| Net Interest Margin (%) | ▼ | 4.93% | -0.20 | 5.13% |
| Efficiency Ratio (%) | ▼ | 40.74% | +0.47 | 40.28% |
| Pre-Provision Profit ($M) | ▼ | $15 | -0.03 | $15 |
| Cost of Funds (%) | ▲ | 2.35% | -0.57 | 2.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,020 | +100.73 | $1,919 |
| Gross Loans ($M) | ▲ | $1,825 | +103.79 | $1,721 |
| Loan Growth YoY (%) | ▲ | 111.27% | +3.55 | 107.72% |
| Total Deposits ($M) | ▲ | $1,636 | +42.94 | $1,593 |
| Shareholders Equity ($M) | ▲ | $341 | +36.96 | $304 |
| Tang. Book Value ($M) | ▲ | $341 | +36.96 | $304 |
| TBV excl. AOCI ($M)** | ▲ | $343 | +37.35 | $306 |
| Loan / Deposit Ratio (%) | ▲ | 111.27% | +3.55 | 107.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.27 | 0.27% |
| Allowance / Loans (%) | — | 0.25% | -0.05% | 0.30% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.47% | +0.67 | 14.79% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▂▃▄▄▁ | Net Interest Margin (%) | 5.76% | 5.72% | 5.61% | 5.13% | 5.23% | 5.26% | 5.25% | 4.93% |
| ██▇▃▃▄▄▁ | Return on Assets (%) | 2.65% | 2.65% | 2.52% | 2.19% | 2.26% | 2.31% | 2.28% | 2.03% |
| ▁▁▁█▇▅▆█ | Efficiency Ratio (%) | 34.8% | 34.9% | 35.2% | 40.3% | 39.3% | 38.4% | 38.8% | 40.7% |
| ▇██▇▄▃▃▁ | Cost of Funds (%) | 2.94% | 3.07% | 3.06% | 2.92% | 2.65% | 2.61% | 2.56% | 2.35% |
| ██▇▇▂▁▁▁ | NPA / Assets (%) | 0.31% | 0.28% | 0.26% | 0.27% | 0.04% | 0.03% | 0.00% | 0.00% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.26% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $275 | $288 | $293 | $304 | $316 | $329 | $340 | $341 |
| ▁▃▅▂▅██▆ | Gross Loans ($M) | $1,694 | $1,746 | $1,797 | $1,721 | $1,793 | $1,870 | $1,857 | $1,825 |
| ▄▇█▅▁▂▆▇ | Total Deposits ($M) | $1,569 | $1,633 | $1,676 | $1,593 | $1,493 | $1,527 | $1,623 | $1,636 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 30% |