Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.54% | +0.53 | 1.02% |
| Return on Equity (%) | ▲ | 14.82% | +4.87 | 9.95% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.47 | 2.98% |
| Efficiency Ratio (%) | ▲ | 48.40% | -5.96 | 54.36% |
| Pre-Provision Profit ($M) | ▲ | $16 | +4.91 | $11 |
| Cost of Funds (%) | ▲ | 2.71% | -0.51 | 3.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,365 | +186.11 | $3,179 |
| Gross Loans ($M) | ▲ | $2,862 | +221.28 | $2,641 |
| Loan Growth YoY (%) | ▲ | 97.26% | +2.74 | 94.52% |
| Total Deposits ($M) | ▲ | $2,912 | +149.55 | $2,763 |
| Shareholders Equity ($M) | ▲ | $351 | +20.23 | $331 |
| Tang. Book Value ($M) | ▲ | $347 | +19.49 | $328 |
| TBV excl. AOCI ($M)** | ▲ | $356 | +22.07 | $334 |
| Loan / Deposit Ratio (%) | ▲ | 97.26% | +2.74 | 94.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.57% | -0.26 | 0.83% |
| Allowance / Loans (%) | — | 1.03% | -0.08% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.67% | -0.33 | 1.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.97% | -0.14 | 12.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 2.92% | 2.90% | 2.85% | 2.98% | 3.10% | 3.23% | 3.30% | 3.46% |
| ▁▁▁▄▆▆▆█ | Return on Assets (%) | 0.56% | 0.53% | 0.54% | 1.02% | 1.17% | 1.27% | 1.27% | 1.54% |
| ▁▂▃█▅▂▁▁ | Efficiency Ratio (%) | 48.9% | 49.6% | 49.9% | 54.4% | 51.7% | 49.5% | 48.2% | 48.4% |
| ▇█▇▇▃▃▁▁ | Cost of Funds (%) | 3.26% | 3.37% | 3.28% | 3.22% | 2.95% | 2.93% | 2.72% | 2.71% |
| ▇██▂▂▁▁▁ | NPA / Assets (%) | 1.79% | 2.08% | 1.89% | 0.83% | 0.78% | 0.56% | 0.49% | 0.57% |
| ▇█▆▂▂▁▁▁ | Net Charge-Off Ratio (%) | 2.12% | 2.50% | 1.97% | 1.00% | 0.90% | 0.63% | 0.58% | 0.67% |
| ▁▁▁▂▅▇██ | Tang. Book Value ($M) | $322 | $322 | $324 | $328 | $335 | $344 | $345 | $347 |
| ▂▁▃▁▂▄██ | Gross Loans ($M) | $2,653 | $2,619 | $2,702 | $2,641 | $2,665 | $2,714 | $2,835 | $2,862 |
| ▁▁▅▃▄▄▆█ | Total Deposits ($M) | $2,673 | $2,701 | $2,799 | $2,763 | $2,773 | $2,771 | $2,851 | $2,912 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 25% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 26% |