Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.89% | +0.50 | 1.38% |
| Return on Equity (%) | ▲ | 18.52% | +4.96 | 13.56% |
| Net Interest Margin (%) | ▲ | 3.30% | +0.17 | 3.13% |
| Efficiency Ratio (%) | ▲ | 33.90% | -4.39 | 38.30% |
| Pre-Provision Profit ($M) | ▲ | $14 | +2.73 | $11 |
| Cost of Funds (%) | ▲ | 1.99% | -0.44 | 2.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,394 | +208.10 | $2,186 |
| Gross Loans ($M) | ▲ | $1,770 | +47.24 | $1,723 |
| Loan Growth YoY (%) | ▼ | 85.77% | -5.35 | 91.12% |
| Total Deposits ($M) | ▲ | $2,052 | +174.95 | $1,877 |
| Shareholders Equity ($M) | ▲ | $233 | +11.69 | $222 |
| Tang. Book Value ($M) | ▲ | $217 | +11.72 | $206 |
| TBV excl. AOCI ($M)** | ▲ | $243 | +19.73 | $223 |
| Loan / Deposit Ratio (%) | ▼ | 85.77% | -5.35 | 91.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.06 | 0.15% |
| Allowance / Loans (%) | — | 0.55% | -0.15% | 0.70% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.07 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.41% | +0.33 | 11.08% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▁▄▆▆ | Net Interest Margin (%) | 3.40% | 3.35% | 3.30% | 3.13% | 3.15% | 3.25% | 3.30% | 3.30% |
| ▁▂▄▃▅▅▆█ | Return on Assets (%) | 1.19% | 1.36% | 1.48% | 1.38% | 1.60% | 1.63% | 1.64% | 1.89% |
| █▇▆█▆▄▃▁ | Efficiency Ratio (%) | 38.5% | 37.9% | 37.2% | 38.3% | 36.8% | 35.7% | 35.3% | 33.9% |
| ▇█▇▄▄▅▃▁ | Cost of Funds (%) | 2.81% | 2.96% | 2.80% | 2.43% | 2.46% | 2.51% | 2.28% | 1.99% |
| ▄▄█▇▂▂▆▁ | NPA / Assets (%) | 0.12% | 0.12% | 0.16% | 0.15% | 0.11% | 0.10% | 0.14% | 0.09% |
| ▄▄█▇▂▁▇▁ | Net Charge-Off Ratio (%) | 0.15% | 0.15% | 0.20% | 0.19% | 0.13% | 0.13% | 0.18% | 0.12% |
| ▁▄▃▃▆▇█▆ | Tang. Book Value ($M) | $192 | $208 | $205 | $206 | $217 | $224 | $229 | $217 |
| ▁▄▁▄█▇▂▆ | Gross Loans ($M) | $1,678 | $1,722 | $1,663 | $1,723 | $1,821 | $1,796 | $1,698 | $1,770 |
| ▂▂▁▂██▅█ | Total Deposits ($M) | $1,858 | $1,856 | $1,813 | $1,877 | $2,071 | $2,054 | $1,961 | $2,052 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 34% |
| C&I / Commercial | 41% |
| Consumer | 19% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 19% |