Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.28 | 1.02% |
| Return on Equity (%) | ▲ | 11.37% | +2.51 | 8.86% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.10 | 3.26% |
| Efficiency Ratio (%) | ▲ | 48.09% | -4.80 | 52.89% |
| Pre-Provision Profit ($M) | ▲ | $16 | +2.98 | $13 |
| Cost of Funds (%) | ▲ | 2.59% | -0.25 | 2.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,395 | +212.44 | $3,183 |
| Gross Loans ($M) | ▲ | $2,877 | +137.44 | $2,740 |
| Loan Growth YoY (%) | ▼ | 98.09% | -1.35 | 99.43% |
| Total Deposits ($M) | ▲ | $2,899 | +175.43 | $2,723 |
| Shareholders Equity ($M) | ▲ | $385 | +23.91 | $361 |
| Tang. Book Value ($M) | ▲ | $379 | +23.85 | $355 |
| TBV excl. AOCI ($M)** | ▲ | $388 | +24.96 | $363 |
| Loan / Deposit Ratio (%) | ▼ | 98.09% | -1.35 | 99.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.04 | 0.20% |
| Allowance / Loans (%) | — | 1.18% | 0.01% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.28% | +0.06 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.46% | +0.04 | 13.42% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▄▇███ | Net Interest Margin (%) | 3.16% | 3.21% | 3.21% | 3.26% | 3.31% | 3.34% | 3.36% | 3.35% |
| ▁▂▂▄▅▇▇█ | Return on Assets (%) | 0.80% | 0.91% | 0.92% | 1.02% | 1.09% | 1.20% | 1.18% | 1.30% |
| █▇▆▃▂▁▁▁ | Efficiency Ratio (%) | 64.3% | 61.7% | 59.1% | 52.9% | 51.1% | 49.9% | 50.0% | 48.1% |
| ██▆▃▃▄▃▁ | Cost of Funds (%) | 3.25% | 3.22% | 3.02% | 2.84% | 2.82% | 2.91% | 2.83% | 2.59% |
| █▇▁▃█▇▆▆ | NPA / Assets (%) | 0.26% | 0.25% | 0.15% | 0.20% | 0.27% | 0.24% | 0.24% | 0.24% |
| █▆▁▃█▇▆▇ | Net Charge-Off Ratio (%) | 0.31% | 0.27% | 0.18% | 0.23% | 0.32% | 0.30% | 0.28% | 0.28% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $339 | $348 | $349 | $355 | $360 | $368 | $373 | $379 |
| ▁▁▄▆▇▆██ | Gross Loans ($M) | $2,452 | $2,471 | $2,636 | $2,740 | $2,803 | $2,762 | $2,832 | $2,877 |
| ▁▁▄▅▇█▇█ | Total Deposits ($M) | $2,415 | $2,468 | $2,624 | $2,723 | $2,832 | $2,923 | $2,806 | $2,899 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 11% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 37% |