Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.87% | -0.02 | 1.89% |
| Return on Equity (%) | ▼ | 17.12% | -1.40 | 18.52% |
| Net Interest Margin (%) | ▲ | 4.63% | +0.02 | 4.61% |
| Efficiency Ratio (%) | ▲ | 47.08% | -0.79 | 47.87% |
| Pre-Provision Profit ($M) | ▲ | $10 | +1.24 | $9 |
| Cost of Funds (%) | ▲ | 1.46% | -0.18 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,538 | +169.99 | $1,368 |
| Gross Loans ($M) | ▲ | $1,262 | +152.93 | $1,109 |
| Loan Growth YoY (%) | ▲ | 95.20% | +3.77 | 91.43% |
| Total Deposits ($M) | ▲ | $1,306 | +111.22 | $1,195 |
| Shareholders Equity ($M) | ▲ | $167 | +25.30 | $142 |
| Tang. Book Value ($M) | ▲ | $166 | +26.22 | $140 |
| TBV excl. AOCI ($M)** | ▲ | $172 | +26.18 | $146 |
| Loan / Deposit Ratio (%) | ▲ | 95.20% | +3.77 | 91.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.93% | +0.50 | 0.44% |
| Allowance / Loans (%) | — | 1.44% | -0.02% | 1.46% |
| Net Charge-Off Ratio (%) | ▼ | 1.12% | +0.58 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.56% | -0.01 | 14.58% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇███▇ | Net Interest Margin (%) | 4.20% | 4.21% | 4.29% | 4.61% | 4.68% | 4.69% | 4.72% | 4.63% |
| ▁▁▃▇███▇ | Return on Assets (%) | 1.49% | 1.51% | 1.63% | 1.89% | 1.95% | 1.97% | 1.98% | 1.87% |
| █▇▇▃▁▁▁▂ | Efficiency Ratio (%) | 53.8% | 52.8% | 52.1% | 47.9% | 46.5% | 45.7% | 46.7% | 47.1% |
| ▇█▆▃▂▃▃▁ | Cost of Funds (%) | 2.00% | 2.11% | 1.93% | 1.64% | 1.61% | 1.64% | 1.63% | 1.46% |
| ▁▁▂▂▃▄▅█ | NPA / Assets (%) | 0.28% | 0.34% | 0.42% | 0.44% | 0.47% | 0.54% | 0.63% | 0.93% |
| ▁▁▂▂▃▃▅█ | Net Charge-Off Ratio (%) | 0.35% | 0.43% | 0.51% | 0.54% | 0.59% | 0.64% | 0.74% | 1.12% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $121 | $129 | $132 | $140 | $145 | $154 | $160 | $166 |
| ▁▂▂▃▄▆▇█ | Gross Loans ($M) | $1,040 | $1,077 | $1,092 | $1,109 | $1,135 | $1,198 | $1,214 | $1,262 |
| ▁▁▃▄▅▆▆█ | Total Deposits ($M) | $1,128 | $1,145 | $1,173 | $1,195 | $1,227 | $1,253 | $1,261 | $1,306 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |