Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.58% | -0.31 | 1.89% |
| Return on Equity (%) | ▼ | 14.25% | -8.31 | 22.56% |
| Net Interest Margin (%) | ▼ | 3.94% | -0.10 | 4.04% |
| Efficiency Ratio (%) | ▼ | 43.70% | +3.40 | 40.30% |
| Pre-Provision Profit ($M) | ▼ | $12 | -1.13 | $13 |
| Cost of Funds (%) | ▲ | 1.10% | -0.50 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,950 | +25.04 | $1,925 |
| Gross Loans ($M) | ▲ | $1,363 | +144.00 | $1,219 |
| Loan Growth YoY (%) | ▲ | 78.63% | +6.62 | 72.01% |
| Total Deposits ($M) | ▲ | $1,714 | +39.55 | $1,675 |
| Shareholders Equity ($M) | ▲ | $222 | +42.56 | $180 |
| Tang. Book Value ($M) | ▲ | $222 | +42.56 | $180 |
| TBV excl. AOCI ($M)** | ▲ | $241 | +40.53 | $200 |
| Loan / Deposit Ratio (%) | ▲ | 78.63% | +6.62 | 72.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.73% | +2.72 | 1.02% |
| Allowance / Loans (%) | — | 1.09% | 0.04% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 5.20% | +3.60 | 1.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.09% | +0.67 | 15.42% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▅▃▄▆▇▁ | Net Interest Margin (%) | 4.27% | 4.17% | 4.12% | 4.04% | 4.10% | 4.15% | 4.22% | 3.94% |
| ▇▆▅█▇██▁ | Return on Assets (%) | 1.84% | 1.80% | 1.76% | 1.89% | 1.85% | 1.88% | 1.87% | 1.58% |
| ▁▂▂▁▂▁▃█ | Efficiency Ratio (%) | 40.2% | 40.7% | 40.7% | 40.3% | 40.8% | 40.1% | 41.4% | 43.7% |
| ██▆▅▃▃▂▁ | Cost of Funds (%) | 2.03% | 2.08% | 1.78% | 1.60% | 1.46% | 1.44% | 1.26% | 1.10% |
| ▁▁▁▁▁▄▅█ | NPA / Assets (%) | 1.04% | 1.02% | 1.02% | 1.02% | 0.84% | 2.14% | 2.33% | 3.73% |
| ▁▁▁▁▁▄▅█ | Net Charge-Off Ratio (%) | 1.72% | 1.73% | 1.83% | 1.61% | 1.36% | 3.14% | 3.49% | 5.20% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $147 | $166 | $165 | $180 | $191 | $203 | $215 | $222 |
| ▁▁▂▂▃▅▅█ | Gross Loans ($M) | $1,181 | $1,193 | $1,212 | $1,219 | $1,242 | $1,274 | $1,277 | $1,363 |
| ▁▁█▁▃▃▃▃ | Total Deposits ($M) | $1,665 | $1,689 | $1,859 | $1,675 | $1,737 | $1,730 | $1,728 | $1,714 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 44% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 3% |