Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.62% | +0.43 | 0.19% |
| Return on Equity (%) | ▲ | 5.68% | +3.84 | 1.84% |
| Net Interest Margin (%) | ▲ | 2.68% | +0.50 | 2.18% |
| Efficiency Ratio (%) | ▲ | 72.09% | -11.19 | 83.28% |
| Pre-Provision Profit ($M) | ▲ | $6 | +3.14 | $3 |
| Cost of Funds (%) | ▲ | 2.02% | -0.35 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,019 | +122.76 | $2,897 |
| Gross Loans ($M) | ▲ | $2,151 | +156.50 | $1,995 |
| Loan Growth YoY (%) | ▲ | 87.75% | +1.96 | 85.79% |
| Total Deposits ($M) | ▲ | $2,428 | +124.90 | $2,303 |
| Shareholders Equity ($M) | ▲ | $331 | +29.90 | $301 |
| Tang. Book Value ($M) | ▲ | $327 | +30.06 | $297 |
| TBV excl. AOCI ($M)** | ▲ | $356 | +28.58 | $327 |
| Loan / Deposit Ratio (%) | ▲ | 87.75% | +1.96 | 85.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.30 | 0.10% |
| Allowance / Loans (%) | — | 0.94% | 0.01% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.52% | +0.38 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.48% | -0.72 | 17.20% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▂▄▅█ | Net Interest Margin (%) | 2.25% | 2.22% | 2.19% | 2.18% | 2.29% | 2.40% | 2.48% | 2.68% |
| ▅▄▂▁▂▃▄█ | Return on Assets (%) | 0.44% | 0.39% | 0.28% | 0.19% | 0.28% | 0.32% | 0.39% | 0.62% |
| ▇▇█▆▅▃▃▁ | Efficiency Ratio (%) | 83.9% | 84.6% | 87.1% | 83.3% | 81.0% | 77.1% | 77.5% | 72.1% |
| ▇██▅▄▄▂▁ | Cost of Funds (%) | 2.46% | 2.61% | 2.58% | 2.37% | 2.26% | 2.29% | 2.15% | 2.02% |
| ▁▁▁▂▂███ | NPA / Assets (%) | 0.04% | 0.06% | 0.06% | 0.10% | 0.10% | 0.40% | 0.37% | 0.40% |
| ▁▁▁▂▂█▇█ | Net Charge-Off Ratio (%) | 0.06% | 0.10% | 0.09% | 0.14% | 0.14% | 0.56% | 0.49% | 0.52% |
| ▁▄▁▃▄▆██ | Tang. Book Value ($M) | $281 | $302 | $287 | $297 | $304 | $314 | $323 | $327 |
| ▁▁▁▃▅█▇█ | Gross Loans ($M) | $1,935 | $1,931 | $1,919 | $1,995 | $2,073 | $2,177 | $2,114 | $2,151 |
| ▁▂▃▃█▇██ | Total Deposits ($M) | $2,246 | $2,274 | $2,307 | $2,303 | $2,411 | $2,391 | $2,421 | $2,428 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 10% |