Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.42% | -0.36 | 1.79% |
| Return on Equity (%) | ▼ | 9.61% | -2.58 | 12.19% |
| Net Interest Margin (%) | ▼ | 4.67% | -0.16 | 4.83% |
| Efficiency Ratio (%) | ▼ | 54.84% | +3.08 | 51.76% |
| Pre-Provision Profit ($M) | ▼ | $20 | -1.86 | $21 |
| Cost of Funds (%) | ▲ | 1.09% | -0.24 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,047 | +65.10 | $3,981 |
| Gross Loans ($M) | ▼ | $2,997 | -76.47 | $3,073 |
| Loan Growth YoY (%) | ▼ | 87.08% | -3.43 | 90.50% |
| Total Deposits ($M) | ▲ | $3,403 | +57.39 | $3,345 |
| Shareholders Equity ($M) | ▲ | $604 | +6.44 | $598 |
| Tang. Book Value ($M) | ▲ | $475 | +10.91 | $464 |
| TBV excl. AOCI ($M)** | ▲ | $493 | +19.25 | $474 |
| Loan / Deposit Ratio (%) | ▼ | 87.08% | -3.43 | 90.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.97% | +0.30 | 0.68% |
| Allowance / Loans (%) | — | 1.13% | -0.36% | 1.49% |
| Net Charge-Off Ratio (%) | ▼ | 1.03% | +0.28 | 0.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.76% | +0.48 | 13.29% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆████▇ | Net Interest Margin (%) | 3.94% | 4.14% | 4.51% | 4.83% | 4.82% | 4.80% | 4.79% | 4.67% |
| ▄▁▃████▇ | Return on Assets (%) | 0.49% | -0.46% | 0.26% | 1.79% | 1.66% | 1.65% | 1.66% | 1.42% |
| ▆█▆▁▁▁▁▁ | Efficiency Ratio (%) | 75.3% | 84.1% | 73.0% | 51.8% | 51.9% | 50.7% | 52.5% | 54.8% |
| █▅▆▃▃▃▂▁ | Cost of Funds (%) | 1.85% | 1.48% | 1.65% | 1.32% | 1.31% | 1.32% | 1.25% | 1.09% |
| ▁▅▆▅▃▂▃█ | NPA / Assets (%) | 0.20% | 0.68% | 0.76% | 0.68% | 0.46% | 0.38% | 0.40% | 0.97% |
| ▁▆▇▆▄▃▃█ | Net Charge-Off Ratio (%) | 0.25% | 0.79% | 0.84% | 0.74% | 0.61% | 0.52% | 0.53% | 1.03% |
| ▁▇▇██▇██ | Tang. Book Value ($M) | $267 | $427 | $443 | $464 | $453 | $444 | $462 | $475 |
| ▁███▇▇▇▇ | Gross Loans ($M) | $1,885 | $3,233 | $3,156 | $3,073 | $2,998 | $2,997 | $3,059 | $2,997 |
| ▁█▇▇▇▇▇▇ | Total Deposits ($M) | $1,939 | $3,746 | $3,403 | $3,345 | $3,327 | $3,481 | $3,390 | $3,403 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 18% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 3% |