Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.50% | -0.00 | 1.50% |
| Return on Equity (%) | ▼ | 15.92% | -0.51 | 16.43% |
| Net Interest Margin (%) | ▼ | 3.41% | -0.25 | 3.66% |
| Efficiency Ratio (%) | ▼ | 34.78% | +0.37 | 34.41% |
| Pre-Provision Profit ($M) | ▲ | $12 | +1.15 | $11 |
| Cost of Funds (%) | ▲ | 1.93% | -0.34 | 2.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,149 | +316.59 | $1,832 |
| Gross Loans ($M) | ▲ | $1,629 | +184.31 | $1,445 |
| Loan Growth YoY (%) | ▼ | 89.63% | -5.69 | 95.32% |
| Total Deposits ($M) | ▲ | $1,802 | +299.70 | $1,503 |
| Shareholders Equity ($M) | ▲ | $202 | +35.16 | $167 |
| Tang. Book Value ($M) | ▲ | $202 | +35.16 | $167 |
| TBV excl. AOCI ($M)** | ▲ | $220 | +41.69 | $179 |
| Loan / Deposit Ratio (%) | ▼ | 89.63% | -5.69 | 95.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.02 | 0.28% |
| Allowance / Loans (%) | — | 0.82% | -0.02% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.08 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.72% | +0.90 | 10.82% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▆▆▆▄▁ | Net Interest Margin (%) | 3.79% | 3.80% | 3.75% | 3.66% | 3.66% | 3.68% | 3.60% | 3.41% |
| ▄█▇▁▅▇▆▁ | Return on Assets (%) | 1.63% | 1.80% | 1.76% | 1.50% | 1.65% | 1.76% | 1.70% | 1.50% |
| █▇█▆▄▁▁▇ | Efficiency Ratio (%) | 35.1% | 34.7% | 35.1% | 34.4% | 33.7% | 32.6% | 32.7% | 34.8% |
| ▅█▇▄▃▅▃▁ | Cost of Funds (%) | 2.34% | 2.67% | 2.53% | 2.27% | 2.17% | 2.33% | 2.14% | 1.93% |
| ▃█▆▄▂▁▇▄ | NPA / Assets (%) | 0.27% | 0.57% | 0.45% | 0.28% | 0.22% | 0.10% | 0.46% | 0.30% |
| ▂█▇▄▃▁█▅ | Net Charge-Off Ratio (%) | 0.17% | 0.54% | 0.51% | 0.32% | 0.24% | 0.09% | 0.60% | 0.40% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $150 | $166 | $163 | $167 | $176 | $188 | $196 | $202 |
| ▁▁▁▃▆▇██ | Gross Loans ($M) | $1,379 | $1,403 | $1,406 | $1,445 | $1,551 | $1,579 | $1,604 | $1,629 |
| ▁▁▁▁▄▆▇█ | Total Deposits ($M) | $1,496 | $1,460 | $1,462 | $1,503 | $1,617 | $1,682 | $1,732 | $1,802 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 39% |
| C&I / Commercial | 42% |
| Consumer | 13% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 24% |