Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.39% | -0.36 | 0.75% |
| Return on Equity (%) | ▼ | 4.14% | -4.28 | 8.42% |
| Net Interest Margin (%) | ▲ | 3.16% | +0.34 | 2.83% |
| Efficiency Ratio (%) | ▲ | 61.84% | -2.19 | 64.03% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.21 | $8 |
| Cost of Funds (%) | ▲ | 2.00% | -0.13 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,460 | +206.59 | $3,253 |
| Gross Loans ($M) | ▲ | $2,888 | +133.91 | $2,754 |
| Loan Growth YoY (%) | ▼ | 95.62% | -3.55 | 99.17% |
| Total Deposits ($M) | ▲ | $2,995 | +241.27 | $2,753 |
| Shareholders Equity ($M) | ▲ | $326 | +36.38 | $290 |
| Tang. Book Value ($M) | ▲ | $322 | +35.75 | $287 |
| TBV excl. AOCI ($M)** | ▲ | $331 | +36.30 | $294 |
| Loan / Deposit Ratio (%) | ▼ | 95.62% | -3.55 | 99.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.14 | 0.48% |
| Allowance / Loans (%) | — | 0.85% | -0.01% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 0.75% | +0.18 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.13% | +0.57 | 10.56% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▆▇█ | Net Interest Margin (%) | 2.74% | 2.76% | 2.76% | 2.83% | 2.94% | 3.01% | 3.06% | 3.16% |
| ▄▄▄▇███▁ | Return on Assets (%) | 0.59% | 0.60% | 0.58% | 0.75% | 0.80% | 0.85% | 0.85% | 0.39% |
| █▇▇▃▂▁▁▁ | Efficiency Ratio (%) | 68.3% | 67.4% | 67.2% | 64.0% | 62.7% | 61.8% | 61.7% | 61.8% |
| ▆█▇▄▂▄▃▁ | Cost of Funds (%) | 2.22% | 2.32% | 2.26% | 2.13% | 2.07% | 2.13% | 2.11% | 2.00% |
| ▁▁▆▆▇██▇ | NPA / Assets (%) | 0.04% | 0.04% | 0.50% | 0.48% | 0.61% | 0.71% | 0.71% | 0.62% |
| ▁▁▆▆▇██▇ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.59% | 0.57% | 0.72% | 0.86% | 0.85% | 0.75% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $266 | $275 | $279 | $287 | $294 | $303 | $311 | $322 |
| ▁▂▄▅▇▆██ | Gross Loans ($M) | $2,538 | $2,614 | $2,698 | $2,754 | $2,802 | $2,796 | $2,851 | $2,888 |
| ▁▁▂▃▅▇██ | Total Deposits ($M) | $2,611 | $2,635 | $2,665 | $2,753 | $2,829 | $2,944 | $2,971 | $2,995 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 13% |