Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.77% | +0.24 | 1.53% |
| Return on Equity (%) | ▲ | 20.29% | +4.77 | 15.52% |
| Net Interest Margin (%) | ▼ | 3.99% | -0.42 | 4.40% |
| Efficiency Ratio (%) | ▲ | 53.26% | -5.93 | 59.19% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.99 | $5 |
| Cost of Funds (%) | ▼ | 1.35% | +0.12 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,558 | +382.71 | $1,175 |
| Gross Loans ($M) | ▲ | $924 | +33.08 | $891 |
| Loan Growth YoY (%) | ▼ | 64.40% | -19.48 | 83.88% |
| Total Deposits ($M) | ▲ | $1,422 | +368.06 | $1,054 |
| Shareholders Equity ($M) | ▲ | $132 | +13.75 | $118 |
| Tang. Book Value ($M) | ▲ | $113 | +14.18 | $99 |
| TBV excl. AOCI ($M)** | ▲ | $123 | +16.44 | $106 |
| Loan / Deposit Ratio (%) | ▼ | 64.40% | -19.48 | 83.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.40% | -0.36 | 0.77% |
| Allowance / Loans (%) | — | 0.89% | 0.12% | 0.77% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.67 | 0.97% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.49% | -0.02 | 11.51% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▇███▁ | Net Interest Margin (%) | 3.92% | 3.97% | 4.18% | 4.40% | 4.50% | 4.47% | 4.47% | 3.99% |
| ▁▂▁▅▇█▇█ | Return on Assets (%) | 1.29% | 1.37% | 1.24% | 1.53% | 1.68% | 1.78% | 1.71% | 1.77% |
| █▆▆▅▄▃▄▁ | Efficiency Ratio (%) | 64.9% | 61.4% | 61.9% | 59.2% | 58.2% | 56.3% | 58.8% | 53.3% |
| ▇▁▄▄▂▇█▇ | Cost of Funds (%) | 1.38% | 1.08% | 1.25% | 1.23% | 1.14% | 1.38% | 1.43% | 1.35% |
| ▁▅██▇▅▅▄ | NPA / Assets (%) | 0.13% | 0.46% | 0.78% | 0.77% | 0.63% | 0.52% | 0.47% | 0.40% |
| ▁▅██▃▃▃▂ | Net Charge-Off Ratio (%) | 0.17% | 0.62% | 1.00% | 0.97% | 0.43% | 0.40% | 0.39% | 0.30% |
| ▁▁▁▂▄▆▇█ | Tang. Book Value ($M) | $95 | $95 | $95 | $99 | $103 | $107 | $110 | $113 |
| ▁▆▆▆████ | Gross Loans ($M) | $774 | $876 | $892 | $891 | $925 | $917 | $936 | $924 |
| ▁▃▃▃▄▆▇█ | Total Deposits ($M) | $866 | $1,056 | $1,062 | $1,054 | $1,112 | $1,241 | $1,295 | $1,422 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 19% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 3% |