Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.01 | 0.99% |
| Return on Equity (%) | ▲ | 9.76% | +0.27 | 9.49% |
| Net Interest Margin (%) | ▼ | 3.57% | -0.12 | 3.69% |
| Efficiency Ratio (%) | ▼ | 62.19% | +1.13 | 61.05% |
| Pre-Provision Profit ($M) | ▲ | $10 | +0.65 | $9 |
| Cost of Funds (%) | ▲ | 2.28% | -0.42 | 2.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,902 | +338.16 | $2,564 |
| Gross Loans ($M) | ▲ | $2,123 | +176.44 | $1,946 |
| Loan Growth YoY (%) | ▼ | 81.28% | -2.96 | 84.24% |
| Total Deposits ($M) | ▲ | $2,578 | +297.06 | $2,281 |
| Shareholders Equity ($M) | ▲ | $300 | +31.63 | $268 |
| Tang. Book Value ($M) | ▲ | $270 | +32.28 | $238 |
| TBV excl. AOCI ($M)** | ▲ | $275 | +30.21 | $245 |
| Loan / Deposit Ratio (%) | ▼ | 81.28% | -2.96 | 84.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.43% | -0.59 | 1.01% |
| Allowance / Loans (%) | — | 1.29% | 0.01% | 1.28% |
| Net Charge-Off Ratio (%) | ▲ | 0.58% | -0.58 | 1.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.06% | +0.92 | 11.14% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▅▅▇██▁ | Net Interest Margin (%) | 3.67% | 3.71% | 3.71% | 3.69% | 3.75% | 3.80% | 3.77% | 3.57% |
| ▃▁▃█▁▇▇█ | Return on Assets (%) | 0.83% | 0.77% | 0.82% | 0.99% | 0.76% | 0.95% | 0.96% | 1.00% |
| █▇▆▂▁▁▃▃ | Efficiency Ratio (%) | 66.6% | 65.3% | 64.6% | 61.1% | 60.1% | 60.5% | 61.8% | 62.2% |
| ▇█▇▅▄▄▃▁ | Cost of Funds (%) | 2.91% | 3.10% | 2.93% | 2.71% | 2.69% | 2.67% | 2.53% | 2.28% |
| ▂▃▄█▆▃▄▁ | NPA / Assets (%) | 0.52% | 0.58% | 0.72% | 1.01% | 0.86% | 0.58% | 0.66% | 0.43% |
| ▂▂▂█▆▄▅▁ | Net Charge-Off Ratio (%) | 0.67% | 0.65% | 0.67% | 1.16% | 0.97% | 0.81% | 0.92% | 0.58% |
| ▁▂▂▄▄▆▇█ | Tang. Book Value ($M) | $217 | $225 | $230 | $238 | $244 | $254 | $263 | $270 |
| ▁▂▄▅▅▆▇█ | Gross Loans ($M) | $1,730 | $1,809 | $1,896 | $1,946 | $1,964 | $1,980 | $2,064 | $2,123 |
| ▁▂▃▄▅▆██ | Total Deposits ($M) | $2,053 | $2,163 | $2,233 | $2,281 | $2,337 | $2,422 | $2,565 | $2,578 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 29% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 4% |