Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.11 | 1.00% |
| Return on Equity (%) | ▲ | 10.00% | +0.23 | 9.77% |
| Net Interest Margin (%) | ▲ | 3.61% | +0.19 | 3.42% |
| Efficiency Ratio (%) | ▲ | 59.32% | -0.18 | 59.50% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.17 | $8 |
| Cost of Funds (%) | ▲ | 2.19% | -0.16 | 2.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,346 | +158.13 | $2,188 |
| Gross Loans ($M) | ▲ | $1,830 | +170.16 | $1,660 |
| Loan Growth YoY (%) | ▲ | 87.93% | +3.20 | 84.73% |
| Total Deposits ($M) | ▲ | $2,060 | +121.04 | $1,939 |
| Shareholders Equity ($M) | ▲ | $259 | +38.78 | $220 |
| Tang. Book Value ($M) | ▲ | $252 | +38.74 | $214 |
| TBV excl. AOCI ($M)** | ▲ | $270 | +39.84 | $230 |
| Loan / Deposit Ratio (%) | ▲ | 87.93% | +3.20 | 84.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.78% | +0.07 | 0.70% |
| Allowance / Loans (%) | — | 1.03% | -0.00% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.99% | +0.11 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.19% | +0.64 | 11.55% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▂▁▄▇██ | Net Interest Margin (%) | 3.46% | 3.49% | 3.47% | 3.42% | 3.50% | 3.59% | 3.62% | 3.61% |
| ▁▇▇▄▆██▇ | Return on Assets (%) | 0.88% | 1.11% | 1.12% | 1.00% | 1.07% | 1.14% | 1.17% | 1.11% |
| ▄▁▁██▅▃█ | Efficiency Ratio (%) | 57.4% | 55.7% | 55.5% | 59.5% | 59.6% | 57.7% | 57.0% | 59.3% |
| ▆█▆▂▃▃▂▁ | Cost of Funds (%) | 2.64% | 2.84% | 2.63% | 2.35% | 2.41% | 2.36% | 2.28% | 2.19% |
| ▁▁█▇▆▅██ | NPA / Assets (%) | 0.42% | 0.44% | 0.76% | 0.70% | 0.66% | 0.63% | 0.79% | 0.78% |
| ▁▁▇▆▆▅██ | Net Charge-Off Ratio (%) | 0.55% | 0.53% | 0.95% | 0.88% | 0.85% | 0.80% | 1.02% | 0.99% |
| ▁▂▃▃▃▇██ | Tang. Book Value ($M) | $196 | $210 | $212 | $214 | $215 | $240 | $249 | $252 |
| ▁▁▁▃▅▇▇█ | Gross Loans ($M) | $1,597 | $1,604 | $1,583 | $1,660 | $1,736 | $1,785 | $1,788 | $1,830 |
| ▁▁▁▅▆▅▆█ | Total Deposits ($M) | $1,808 | $1,809 | $1,836 | $1,939 | $1,969 | $1,952 | $1,990 | $2,060 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 11% |
| Consumer | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 21% |