Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.47% | -0.18 | 1.65% |
| Return on Equity (%) | ▼ | 15.99% | -2.62 | 18.61% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.03 | 3.41% |
| Efficiency Ratio (%) | ▲ | 33.83% | -1.05 | 34.88% |
| Pre-Provision Profit ($M) | ▲ | $19 | +2.73 | $16 |
| Cost of Funds (%) | ▲ | 1.94% | -0.31 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,154 | +309.40 | $2,845 |
| Gross Loans ($M) | ▲ | $2,413 | +187.97 | $2,225 |
| Loan Growth YoY (%) | ▼ | 89.85% | -2.35 | 92.20% |
| Total Deposits ($M) | ▲ | $2,663 | +267.89 | $2,396 |
| Shareholders Equity ($M) | ▲ | $293 | +41.45 | $251 |
| Tang. Book Value ($M) | ▲ | $288 | +41.45 | $246 |
| TBV excl. AOCI ($M)** | ▲ | $318 | +48.49 | $269 |
| Loan / Deposit Ratio (%) | ▼ | 89.85% | -2.35 | 92.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.12 | 0.46% |
| Allowance / Loans (%) | — | 0.84% | 0.09% | 0.75% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.14 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.58% | +0.67 | 10.91% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▄▂▁▁▃▇ | Net Interest Margin (%) | 3.46% | 3.44% | 3.43% | 3.41% | 3.41% | 3.41% | 3.42% | 3.45% |
| ▅██▆██▆▁ | Return on Assets (%) | 1.62% | 1.71% | 1.68% | 1.65% | 1.70% | 1.68% | 1.65% | 1.47% |
| ▅▇▇▆▆█▄▁ | Efficiency Ratio (%) | 34.8% | 35.1% | 35.0% | 34.9% | 34.8% | 35.3% | 34.5% | 33.8% |
| ▇█▆▃▃▄▃▁ | Cost of Funds (%) | 2.63% | 2.81% | 2.58% | 2.25% | 2.20% | 2.31% | 2.20% | 1.94% |
| ▁▇▇█▇▃▇▆ | NPA / Assets (%) | 0.13% | 0.38% | 0.40% | 0.46% | 0.41% | 0.23% | 0.40% | 0.35% |
| ▁▇▇█▇▃▇▆ | Net Charge-Off Ratio (%) | 0.15% | 0.47% | 0.48% | 0.57% | 0.51% | 0.28% | 0.50% | 0.43% |
| ▁▃▁▂▄▅▇█ | Tang. Book Value ($M) | $235 | $254 | $235 | $246 | $260 | $266 | $280 | $288 |
| ▂▁▂▄▅▇██ | Gross Loans ($M) | $2,139 | $2,081 | $2,136 | $2,225 | $2,279 | $2,362 | $2,396 | $2,413 |
| ▁▁▁▄▆███ | Total Deposits ($M) | $2,274 | $2,232 | $2,267 | $2,396 | $2,524 | $2,645 | $2,653 | $2,663 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 39% |
| C&I / Commercial | 40% |
| Consumer | 14% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 20% |