Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.50% | -0.09 | 1.59% |
| Return on Equity (%) | ▼ | 16.06% | -0.84 | 16.90% |
| Net Interest Margin (%) | ▼ | 3.51% | -0.19 | 3.70% |
| Efficiency Ratio (%) | ▼ | 55.37% | +1.56 | 53.81% |
| Pre-Provision Profit ($M) | ▼ | $12 | -0.33 | $12 |
| Cost of Funds (%) | ▲ | 1.55% | -0.26 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,915 | +207.63 | $2,707 |
| Gross Loans ($M) | ▼ | $1,360 | -3.17 | $1,364 |
| Loan Growth YoY (%) | ▼ | 57.14% | -5.54 | 62.68% |
| Total Deposits ($M) | ▲ | $2,357 | +202.82 | $2,154 |
| Shareholders Equity ($M) | ▲ | $274 | +14.30 | $260 |
| Tang. Book Value ($M) | ▲ | $274 | +14.30 | $260 |
| TBV excl. AOCI ($M)** | ▲ | $307 | +18.54 | $288 |
| Loan / Deposit Ratio (%) | ▼ | 57.14% | -5.54 | 62.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.27% | -0.17 | 0.44% |
| Allowance / Loans (%) | — | 1.01% | 0.02% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.05 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.82% | +0.51 | 18.31% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▃▃▄▃▁ | Net Interest Margin (%) | 4.19% | 4.22% | 4.12% | 3.70% | 3.74% | 3.79% | 3.76% | 3.51% |
| ███▂▃▄▄▁ | Return on Assets (%) | 1.98% | 1.99% | 1.94% | 1.59% | 1.67% | 1.71% | 1.69% | 1.50% |
| ▁▁▁▆▅▅▅█ | Efficiency Ratio (%) | 49.3% | 49.4% | 49.5% | 53.8% | 53.0% | 52.9% | 52.8% | 55.4% |
| ▇█▄▅▄▅▁▁ | Cost of Funds (%) | 1.98% | 2.07% | 1.80% | 1.81% | 1.79% | 1.83% | 1.61% | 1.55% |
| ▇█▆▇▇▇▅▁ | NPA / Assets (%) | 0.44% | 0.47% | 0.42% | 0.44% | 0.43% | 0.43% | 0.37% | 0.27% |
| ▁▅▄█▁▂▁▂ | Net Charge-Off Ratio (%) | 0.07% | 0.10% | 0.09% | 0.13% | 0.07% | 0.08% | 0.07% | 0.08% |
| ▁▁▃▅▅▆▇█ | Tang. Book Value ($M) | $245 | $248 | $254 | $260 | $262 | $264 | $270 | $274 |
| ▁▄▅▇█▆█▇ | Gross Loans ($M) | $1,246 | $1,298 | $1,330 | $1,364 | $1,377 | $1,337 | $1,381 | $1,360 |
| ▁▁▆▅▄▄██ | Total Deposits ($M) | $1,968 | $1,947 | $2,231 | $2,154 | $2,151 | $2,129 | $2,355 | $2,357 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 12% |