Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.27 | 1.01% |
| Return on Equity (%) | ▲ | 10.12% | +3.13 | 6.99% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.25 | 3.91% |
| Efficiency Ratio (%) | ▲ | 60.62% | -0.87 | 61.49% |
| Pre-Provision Profit ($M) | ▲ | $11 | +0.95 | $10 |
| Cost of Funds (%) | ▲ | 1.36% | -0.01 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,632 | +85.03 | $2,547 |
| Gross Loans ($M) | ▲ | $2,011 | +44.46 | $1,967 |
| Loan Growth YoY (%) | ▼ | 87.81% | -3.44 | 91.26% |
| Total Deposits ($M) | ▲ | $2,267 | +131.98 | $2,135 |
| Shareholders Equity ($M) | ▼ | $335 | -45.64 | $381 |
| Tang. Book Value ($M) | ▼ | $295 | -44.59 | $339 |
| TBV excl. AOCI ($M)** | ▼ | $304 | -44.74 | $349 |
| Loan / Deposit Ratio (%) | ▼ | 87.81% | -3.44 | 91.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.24 | 0.39% |
| Allowance / Loans (%) | — | 1.02% | 0.08% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.83% | +0.32 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.54% | -2.70 | 17.23% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▁▁▃▄█ | Net Interest Margin (%) | 3.92% | 3.94% | 3.95% | 3.91% | 3.93% | 3.99% | 4.03% | 4.16% |
| ▁▁▂▂▃▁▂█ | Return on Assets (%) | 1.00% | 0.96% | 1.02% | 1.01% | 1.05% | 1.00% | 1.04% | 1.29% |
| ██▇▅▃▁▁▂ | Efficiency Ratio (%) | 62.8% | 62.8% | 62.2% | 61.5% | 60.9% | 60.1% | 60.0% | 60.6% |
| ▂▇▄▁▃█▄▁ | Cost of Funds (%) | 1.40% | 1.50% | 1.44% | 1.37% | 1.41% | 1.52% | 1.43% | 1.36% |
| █▁▁▁█▆▅█ | NPA / Assets (%) | 0.63% | 0.38% | 0.36% | 0.39% | 0.63% | 0.53% | 0.52% | 0.63% |
| █▁▁▁▇▅▄█ | Net Charge-Off Ratio (%) | 0.86% | 0.50% | 0.48% | 0.51% | 0.81% | 0.68% | 0.65% | 0.83% |
| ▆▆▇██▁▂▃ | Tang. Book Value ($M) | $330 | $323 | $330 | $339 | $348 | $276 | $286 | $295 |
| ▁▂▄▅▆██▆ | Gross Loans ($M) | $1,864 | $1,914 | $1,955 | $1,967 | $2,000 | $2,043 | $2,068 | $2,011 |
| ▃▁▇▁▄▇▆█ | Total Deposits ($M) | $2,175 | $2,147 | $2,243 | $2,135 | $2,187 | $2,239 | $2,221 | $2,267 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 6% |