Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +1.19 | 0.06% |
| Return on Equity (%) | ▲ | 12.83% | +12.07 | 0.76% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.63 | 3.72% |
| Efficiency Ratio (%) | ▲ | 59.10% | -28.31 | 87.41% |
| Pre-Provision Profit ($M) | ▲ | $12 | +9.47 | $3 |
| Cost of Funds (%) | ▲ | 1.91% | -0.31 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,676 | +202.20 | $2,474 |
| Gross Loans ($M) | ▲ | $2,280 | +235.49 | $2,044 |
| Loan Growth YoY (%) | ▲ | 100.47% | +0.73 | 99.74% |
| Total Deposits ($M) | ▲ | $2,245 | +219.36 | $2,025 |
| Shareholders Equity ($M) | ▲ | $266 | +34.16 | $232 |
| Tang. Book Value ($M) | ▲ | $256 | +34.67 | $221 |
| TBV excl. AOCI ($M)** | ▲ | $261 | +35.60 | $226 |
| Loan / Deposit Ratio (%) | ▲ | 100.47% | +0.73 | 99.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.67% | +0.18 | 0.49% |
| Allowance / Loans (%) | — | 1.08% | -0.11% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.79% | +0.19 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.54% | +0.82 | 10.72% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆▆▁▄▆▇█ | Net Interest Margin (%) | 4.19% | 4.15% | 4.11% | 3.72% | 4.02% | 4.17% | 4.27% | 4.35% |
| ▂▃▄▁▅▆▇█ | Return on Assets (%) | 0.30% | 0.46% | 0.57% | 0.06% | 0.66% | 0.85% | 0.96% | 1.25% |
| ▅▄▄█▄▃▂▁ | Efficiency Ratio (%) | 75.2% | 73.1% | 71.5% | 87.4% | 72.5% | 68.0% | 65.9% | 59.1% |
| ██▇▃▄▃▃▁ | Cost of Funds (%) | 2.91% | 2.91% | 2.71% | 2.22% | 2.32% | 2.28% | 2.19% | 1.91% |
| █▆▁▂▂▂▃▅ | NPA / Assets (%) | 0.94% | 0.75% | 0.35% | 0.49% | 0.46% | 0.47% | 0.55% | 0.67% |
| █▆▁▂▂▂▃▄ | Net Charge-Off Ratio (%) | 1.14% | 0.89% | 0.43% | 0.59% | 0.54% | 0.57% | 0.66% | 0.79% |
| ▁▁▂▆▆▇██ | Tang. Book Value ($M) | $157 | $168 | $172 | $221 | $229 | $239 | $248 | $256 |
| ▁▃▄▆████ | Gross Loans ($M) | $1,521 | $1,765 | $1,811 | $2,044 | $2,245 | $2,245 | $2,230 | $2,280 |
| ▁▂▄▅▆▇█▇ | Total Deposits ($M) | $1,540 | $1,675 | $1,869 | $2,025 | $2,086 | $2,188 | $2,373 | $2,245 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 17% |