Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.60% | -0.04 | 0.64% |
| Return on Equity (%) | ▼ | 7.19% | -0.34 | 7.53% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.05 | 3.28% |
| Efficiency Ratio (%) | ▲ | 72.55% | -1.45 | 74.00% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.35 | $7 |
| Cost of Funds (%) | ▲ | 2.52% | -0.03 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,578 | +283.92 | $3,294 |
| Gross Loans ($M) | ▲ | $3,161 | +330.02 | $2,831 |
| Loan Growth YoY (%) | ▲ | 97.20% | +2.67 | 94.53% |
| Total Deposits ($M) | ▲ | $3,232 | +254.98 | $2,977 |
| Shareholders Equity ($M) | ▲ | $298 | +29.52 | $269 |
| Tang. Book Value ($M) | ▲ | $298 | +29.55 | $269 |
| Loan / Deposit Ratio (%) | ▲ | 97.20% | +2.67 | 94.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.43% | -0.72 | 3.15% |
| Allowance / Loans (%) | — | 0.62% | 0.02% | 0.59% |
| Net Charge-Off Ratio (%) | ▲ | 2.73% | -0.93 | 3.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.31% | -0.65 | 12.96% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▂▃▃▁ | Net Interest Margin (%) | 3.84% | 3.91% | 3.86% | 3.28% | 3.42% | 3.47% | 3.47% | 3.33% |
| ██▆▁▂▂▂▁ | Return on Assets (%) | 1.05% | 1.01% | 0.93% | 0.64% | 0.69% | 0.69% | 0.68% | 0.60% |
| ▁▁▅█▆▆▇█ | Efficiency Ratio (%) | 60.5% | 60.7% | 67.9% | 74.0% | 70.1% | 69.6% | 71.4% | 72.5% |
| █▆▄▁▅▅▄▁ | Cost of Funds (%) | 3.13% | 2.96% | 2.77% | 2.55% | 2.87% | 2.88% | 2.77% | 2.52% |
| ▂▃▁█▇▇▇▄ | NPA / Assets (%) | 2.16% | 2.26% | 1.93% | 3.15% | 2.90% | 2.91% | 2.99% | 2.43% |
| ▂▃▁█▇▆▇▃ | Net Charge-Off Ratio (%) | 2.60% | 2.68% | 2.32% | 3.66% | 3.33% | 3.30% | 3.43% | 2.73% |
| ▁▁▂▃▄▅▇█ | Tang. Book Value ($M) | $253 | $258 | $264 | $269 | $275 | $281 | $292 | $298 |
| ▁▁▂▅▆▇▇█ | Gross Loans ($M) | $2,367 | $2,409 | $2,478 | $2,831 | $2,888 | $3,020 | $3,022 | $3,161 |
| ▁▁▂▆▆▇▇█ | Total Deposits ($M) | $2,546 | $2,547 | $2,665 | $2,977 | $2,995 | $3,107 | $3,140 | $3,232 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 40% |
| C&I / Commercial | 4% |
| Consumer | 56% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 31% |