Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.15 | 0.90% |
| Return on Equity (%) | ▲ | 10.89% | +1.50 | 9.39% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.35 | 3.53% |
| Efficiency Ratio (%) | ▲ | 67.29% | -1.06 | 68.35% |
| Pre-Provision Profit ($M) | ▲ | $11 | +0.71 | $10 |
| Cost of Funds (%) | ▲ | 2.00% | -0.32 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,345 | +131.51 | $3,214 |
| Gross Loans ($M) | ▲ | $2,637 | +127.43 | $2,509 |
| Loan Growth YoY (%) | ▲ | 97.97% | +2.97 | 95.00% |
| Total Deposits ($M) | ▲ | $2,656 | +48.76 | $2,608 |
| Shareholders Equity ($M) | ▲ | $324 | +15.40 | $309 |
| Tang. Book Value ($M) | ▲ | $295 | +16.72 | $278 |
| TBV excl. AOCI ($M)** | ▲ | $310 | +19.37 | $291 |
| Loan / Deposit Ratio (%) | ▲ | 97.97% | +2.97 | 95.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.33% | +0.24 | 1.09% |
| Allowance / Loans (%) | — | 1.30% | 0.02% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.82% | +0.45 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.91% | +0.04 | 10.87% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 3.13% | 3.17% | 3.24% | 3.53% | 3.64% | 3.67% | 3.72% | 3.88% |
| ▁▁▂▇▇▇██ | Return on Assets (%) | 0.43% | 0.48% | 0.58% | 0.90% | 0.94% | 0.91% | 0.99% | 1.05% |
| ▇█▇▂▂▂▁▁ | Efficiency Ratio (%) | 72.3% | 74.3% | 72.9% | 68.4% | 67.5% | 67.5% | 66.4% | 67.3% |
| ██▆▃▄▃▂▁ | Cost of Funds (%) | 2.87% | 2.80% | 2.58% | 2.32% | 2.39% | 2.32% | 2.18% | 2.00% |
| ▁▆▇▆▆▇▇█ | NPA / Assets (%) | 0.56% | 1.11% | 1.15% | 1.09% | 1.05% | 1.19% | 1.17% | 1.33% |
| ▂█▁▁▁▂▂▅ | Net Charge-Off Ratio (%) | 0.53% | 1.23% | 0.42% | 0.36% | 0.32% | 0.52% | 0.49% | 0.82% |
| ▁▆▆▇▇███ | Tang. Book Value ($M) | $223 | $271 | $271 | $278 | $284 | $288 | $294 | $295 |
| ▁▂▁▃▄▇██ | Gross Loans ($M) | $2,461 | $2,482 | $2,459 | $2,509 | $2,542 | $2,602 | $2,629 | $2,637 |
| ▁▂▅▆█▄▆█ | Total Deposits ($M) | $2,412 | $2,452 | $2,566 | $2,608 | $2,680 | $2,534 | $2,601 | $2,656 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 17% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |