Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.24 | 0.57% |
| Return on Equity (%) | ▲ | 9.81% | +2.38 | 7.43% |
| Net Interest Margin (%) | ▲ | 2.88% | +0.42 | 2.46% |
| Efficiency Ratio (%) | ▲ | 55.70% | -10.40 | 66.11% |
| Pre-Provision Profit ($M) | ▲ | $9 | +3.35 | $5 |
| Cost of Funds (%) | ▲ | 2.33% | -0.43 | 2.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,676 | +93.21 | $2,582 |
| Gross Loans ($M) | ▲ | $2,172 | +109.80 | $2,062 |
| Loan Growth YoY (%) | ▼ | 102.58% | -4.67 | 107.25% |
| Total Deposits ($M) | ▲ | $2,092 | +192.17 | $1,899 |
| Shareholders Equity ($M) | ▲ | $221 | +23.82 | $197 |
| Tang. Book Value ($M) | ▲ | $221 | +23.82 | $197 |
| TBV excl. AOCI ($M)** | ▲ | $238 | +25.14 | $213 |
| Loan / Deposit Ratio (%) | ▼ | 102.58% | -4.67 | 107.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.13 | 0.14% |
| Allowance / Loans (%) | — | 1.23% | 0.01% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.02 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.46% | +0.37 | 10.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.01% | 2.07% | 2.17% | 2.46% | 2.57% | 2.63% | 2.74% | 2.88% |
| ▁▁▂▅▅▆▇█ | Return on Assets (%) | 0.32% | 0.37% | 0.42% | 0.57% | 0.61% | 0.66% | 0.71% | 0.81% |
| ██▇▅▃▂▂▁ | Efficiency Ratio (%) | 74.8% | 72.9% | 71.7% | 66.1% | 62.5% | 60.2% | 59.5% | 55.7% |
| ██▇▄▅▄▃▁ | Cost of Funds (%) | 3.23% | 3.31% | 3.10% | 2.76% | 2.84% | 2.82% | 2.66% | 2.33% |
| ▃▁▄▄▆█▇█ | NPA / Assets (%) | 0.07% | 0.00% | 0.12% | 0.14% | 0.18% | 0.28% | 0.22% | 0.27% |
| ▃▁▅▆▇█▆▅ | Net Charge-Off Ratio (%) | 0.09% | 0.00% | 0.14% | 0.17% | 0.22% | 0.25% | 0.17% | 0.16% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $185 | $190 | $192 | $197 | $202 | $210 | $216 | $221 |
| ▅▁▃▂▅▇█▇ | Gross Loans ($M) | $2,122 | $2,012 | $2,070 | $2,062 | $2,122 | $2,189 | $2,223 | $2,172 |
| ▁▂▂▄▄▇██ | Total Deposits ($M) | $1,741 | $1,808 | $1,801 | $1,899 | $1,906 | $2,011 | $2,064 | $2,092 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 19% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |