Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.91% | +0.37 | 0.54% |
| Return on Equity (%) | ▲ | 10.48% | +4.08 | 6.40% |
| Net Interest Margin (%) | ▲ | 2.88% | +0.48 | 2.41% |
| Efficiency Ratio (%) | ▲ | 58.73% | -10.94 | 69.67% |
| Pre-Provision Profit ($M) | ▲ | $14 | +5.94 | $8 |
| Cost of Funds (%) | ▲ | 2.09% | -0.32 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,582 | +290.02 | $4,291 |
| Gross Loans ($M) | ▲ | $3,958 | +261.62 | $3,697 |
| Loan Growth YoY (%) | ▲ | 100.61% | +0.35 | 100.26% |
| Total Deposits ($M) | ▲ | $3,891 | +244.57 | $3,646 |
| Shareholders Equity ($M) | ▲ | $397 | +38.80 | $359 |
| Tang. Book Value ($M) | ▲ | $397 | +38.80 | $359 |
| TBV excl. AOCI ($M)** | ▲ | $404 | +38.45 | $365 |
| Loan / Deposit Ratio (%) | ▲ | 100.61% | +0.35 | 100.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.00 | 0.26% |
| Allowance / Loans (%) | — | 1.10% | -0.00% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.00 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.56% | +0.18 | 11.38% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 2.03% | 2.07% | 2.15% | 2.41% | 2.48% | 2.57% | 2.63% | 2.88% |
| ▁▁▂▄▄▅▆█ | Return on Assets (%) | 0.32% | 0.37% | 0.42% | 0.54% | 0.60% | 0.68% | 0.75% | 0.91% |
| ██▇▅▄▃▂▁ | Efficiency Ratio (%) | 79.5% | 77.6% | 76.0% | 69.7% | 67.9% | 65.3% | 62.9% | 58.7% |
| ██▇▃▄▄▂▁ | Cost of Funds (%) | 2.96% | 2.88% | 2.76% | 2.41% | 2.47% | 2.48% | 2.30% | 2.09% |
| ▂▃▂▁▃▂█▁ | NPA / Assets (%) | 0.27% | 0.28% | 0.27% | 0.26% | 0.28% | 0.27% | 0.32% | 0.26% |
| ▃▄▂▁▃▂█▁ | Net Charge-Off Ratio (%) | 0.31% | 0.32% | 0.30% | 0.29% | 0.31% | 0.30% | 0.36% | 0.29% |
| ▁▁▁▃▄▅▇█ | Tang. Book Value ($M) | $345 | $348 | $351 | $359 | $366 | $376 | $387 | $397 |
| ▁▁▁▂▄▅▆█ | Gross Loans ($M) | $3,638 | $3,629 | $3,637 | $3,697 | $3,759 | $3,798 | $3,859 | $3,958 |
| ▁▂▁▄▄▅▆█ | Total Deposits ($M) | $3,478 | $3,535 | $3,451 | $3,646 | $3,656 | $3,695 | $3,732 | $3,891 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 19% |