Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.62% | +0.73 | 0.88% |
| Return on Equity (%) | ▲ | 13.65% | +4.77 | 8.88% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.83 | 3.33% |
| Efficiency Ratio (%) | ▲ | 52.13% | -10.22 | 62.35% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.87 | $5 |
| Cost of Funds (%) | ▲ | 1.34% | -0.39 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,562 | -33.39 | $1,595 |
| Gross Loans ($M) | ▲ | $1,132 | +38.91 | $1,093 |
| Loan Growth YoY (%) | ▲ | 82.49% | +4.48 | 78.00% |
| Total Deposits ($M) | ▼ | $1,352 | -24.53 | $1,377 |
| Shareholders Equity ($M) | ▲ | $188 | +24.01 | $164 |
| Tang. Book Value ($M) | ▲ | $182 | +25.55 | $157 |
| TBV excl. AOCI ($M)** | ▲ | $189 | +12.58 | $176 |
| Loan / Deposit Ratio (%) | ▲ | 82.49% | +4.48 | 78.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.51 | 0.60% |
| Allowance / Loans (%) | — | 1.42% | -0.29% | 1.71% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.55 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▆█ | Net Interest Margin (%) | 3.16% | 3.15% | 3.19% | 3.33% | 3.41% | 3.56% | 3.79% | 4.16% |
| ▆▆▆▆▆▁▃█ | Return on Assets (%) | 0.84% | 0.84% | 0.91% | 0.88% | 0.93% | -0.89% | -0.19% | 1.62% |
| ████▇▄▁▁ | Efficiency Ratio (%) | 62.8% | 63.0% | 62.8% | 62.4% | 61.6% | 56.4% | 52.0% | 52.1% |
| ██▇▅▄▃▂▁ | Cost of Funds (%) | 1.93% | 2.00% | 1.92% | 1.73% | 1.66% | 1.58% | 1.46% | 1.34% |
| ████▆▆▁▁ | NPA / Assets (%) | 0.65% | 0.67% | 0.65% | 0.60% | 0.52% | 0.48% | 0.13% | 0.10% |
| ███▇▆▅▁▁ | Net Charge-Off Ratio (%) | 0.63% | 0.67% | 0.66% | 0.56% | 0.47% | 0.39% | 0.02% | 0.01% |
| ▁▃▂▄▄▆██ | Tang. Book Value ($M) | $140 | $154 | $149 | $157 | $161 | $169 | $177 | $182 |
| ▂▅▁▂▁▅▅█ | Gross Loans ($M) | $1,092 | $1,113 | $1,090 | $1,093 | $1,085 | $1,110 | $1,109 | $1,132 |
| ▃▇█▄▁▅▃▂ | Total Deposits ($M) | $1,365 | $1,412 | $1,425 | $1,377 | $1,341 | $1,388 | $1,366 | $1,352 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 7% |