Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.30 | 0.55% |
| Return on Equity (%) | ▲ | 6.71% | +2.23 | 4.48% |
| Net Interest Margin (%) | ▲ | 3.57% | +0.21 | 3.36% |
| Efficiency Ratio (%) | ▲ | 67.85% | -10.55 | 78.40% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.07 | $4 |
| Cost of Funds (%) | ▲ | 2.33% | -0.49 | 2.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,220 | +3.35 | $2,217 |
| Gross Loans ($M) | ▲ | $1,870 | +38.76 | $1,831 |
| Loan Growth YoY (%) | ▲ | 96.34% | +1.67 | 94.67% |
| Total Deposits ($M) | ▲ | $1,921 | +7.57 | $1,914 |
| Shareholders Equity ($M) | ▲ | $276 | +4.51 | $271 |
| Tang. Book Value ($M) | ▲ | $276 | +4.51 | $271 |
| TBV excl. AOCI ($M)** | ▲ | $279 | +4.55 | $275 |
| Loan / Deposit Ratio (%) | ▲ | 96.34% | +1.67 | 94.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.47% | +1.34 | 1.13% |
| Allowance / Loans (%) | — | 1.02% | -0.04% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 2.87% | +1.51 | 1.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.63% | -0.15 | 14.78% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁██▇▆ | Net Interest Margin (%) | 3.42% | 3.37% | 3.35% | 3.36% | 3.65% | 3.64% | 3.61% | 3.57% |
| ▇▆▁▆████ | Return on Assets (%) | 0.68% | 0.51% | -0.35% | 0.55% | 0.74% | 0.81% | 0.82% | 0.85% |
| ▄▆▇█▆▄▃▁ | Efficiency Ratio (%) | 73.0% | 74.6% | 76.2% | 78.4% | 74.8% | 72.3% | 71.3% | 67.8% |
| █▇█▅▄▄▂▁ | Cost of Funds (%) | 3.30% | 3.08% | 3.30% | 2.82% | 2.79% | 2.75% | 2.52% | 2.33% |
| ▃▄▃▃▁▃▅█ | NPA / Assets (%) | 0.99% | 1.27% | 1.13% | 1.13% | 0.34% | 1.10% | 1.50% | 2.47% |
| ▃▄▄▄▁▃▅█ | Net Charge-Off Ratio (%) | 1.15% | 1.58% | 1.37% | 1.36% | 0.40% | 1.29% | 1.69% | 2.87% |
| ██▁▁▃▄▅▃ | Tang. Book Value ($M) | $290 | $291 | $269 | $271 | $275 | $279 | $283 | $276 |
| ▁▁▅▅▁▂██ | Gross Loans ($M) | $1,796 | $1,794 | $1,830 | $1,831 | $1,786 | $1,807 | $1,861 | $1,870 |
| ▁▇██▃▃██ | Total Deposits ($M) | $1,758 | $1,895 | $1,913 | $1,914 | $1,804 | $1,817 | $1,902 | $1,921 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 39% |
| Brokered / Other | 42% |