Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.42 | 0.55% |
| Return on Equity (%) | ▲ | 9.33% | +4.51 | 4.82% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.60 | 2.93% |
| Efficiency Ratio (%) | ▲ | 62.32% | -11.81 | 74.13% |
| Pre-Provision Profit ($M) | ▲ | $13 | +5.99 | $7 |
| Cost of Funds (%) | ▼ | 1.19% | +0.11 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,913 | +129.56 | $3,784 |
| Gross Loans ($M) | ▲ | $2,116 | +42.17 | $2,074 |
| Loan Growth YoY (%) | ▼ | 60.51% | -1.27 | 61.78% |
| Total Deposits ($M) | ▲ | $3,459 | +150.91 | $3,308 |
| Shareholders Equity ($M) | ▼ | $409 | -24.94 | $434 |
| Tang. Book Value ($M) | ▼ | $334 | -24.09 | $358 |
| TBV excl. AOCI ($M)** | ▼ | $400 | -19.81 | $420 |
| Loan / Deposit Ratio (%) | ▼ | 60.51% | -1.27 | 61.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.65 | 0.87% |
| Allowance / Loans (%) | — | 1.08% | -0.36% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 0.41% | -1.18 | 1.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.17% | -2.08 | 15.25% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▄█ | Net Interest Margin (%) | 2.65% | 2.70% | 2.77% | 2.93% | 2.99% | 3.06% | 3.07% | 3.54% |
| ▁▃▄▇▄▅▁█ | Return on Assets (%) | -0.97% | -0.48% | -0.19% | 0.55% | -0.16% | 0.17% | -0.89% | 0.97% |
| █▇▆▅▅▄▂▁ | Efficiency Ratio (%) | 82.0% | 78.8% | 74.7% | 74.1% | 72.7% | 70.6% | 66.5% | 62.3% |
| ▄▄▃▁▁▁█▃ | Cost of Funds (%) | 1.28% | 1.27% | 1.22% | 1.09% | 1.11% | 1.12% | 1.48% | 1.19% |
| ██▇▆▆▆▅▁ | NPA / Assets (%) | 1.13% | 1.05% | 0.92% | 0.87% | 0.87% | 0.81% | 0.69% | 0.22% |
| ██▇▆▆▆▅▁ | Net Charge-Off Ratio (%) | 2.01% | 1.91% | 1.63% | 1.59% | 1.57% | 1.51% | 1.27% | 0.41% |
| ▂▅▆█▁▄▁▂ | Tang. Book Value ($M) | $336 | $346 | $349 | $358 | $332 | $343 | $329 | $334 |
| ▂▃▂▁▁▃██ | Gross Loans ($M) | $2,082 | $2,090 | $2,083 | $2,074 | $2,074 | $2,090 | $2,121 | $2,116 |
| ▁▄▁▃▂▇██ | Total Deposits ($M) | $3,237 | $3,323 | $3,230 | $3,308 | $3,276 | $3,409 | $3,451 | $3,459 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 3% |