Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.12 | 1.79% |
| Return on Equity (%) | ▼ | 17.62% | -0.39 | 18.01% |
| Net Interest Margin (%) | ▲ | 5.20% | +0.47 | 4.73% |
| Efficiency Ratio (%) | ▲ | 44.13% | -2.47 | 46.59% |
| Pre-Provision Profit ($M) | ▲ | $19 | +3.62 | $16 |
| Cost of Funds (%) | ▲ | 1.41% | -0.55 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,693 | +210.94 | $2,483 |
| Gross Loans ($M) | ▲ | $2,142 | +60.84 | $2,081 |
| Loan Growth YoY (%) | ▼ | 88.87% | -4.70 | 93.57% |
| Total Deposits ($M) | ▲ | $2,376 | +180.41 | $2,195 |
| Shareholders Equity ($M) | ▲ | $289 | +39.15 | $249 |
| Tang. Book Value ($M) | ▲ | $287 | +39.19 | $247 |
| TBV excl. AOCI ($M)** | ▲ | $298 | +42.42 | $255 |
| Loan / Deposit Ratio (%) | ▼ | 88.87% | -4.70 | 93.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.60% | +0.98 | 0.63% |
| Allowance / Loans (%) | — | 1.41% | 0.14% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 1.61% | +0.87 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.95% | +1.20 | 11.75% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▆▅▆█ | Net Interest Margin (%) | 4.48% | 4.52% | 4.59% | 4.73% | 4.93% | 4.90% | 4.95% | 5.20% |
| ▁▂▃▆▆▅▅█ | Return on Assets (%) | 1.48% | 1.56% | 1.63% | 1.79% | 1.78% | 1.72% | 1.70% | 1.91% |
| ██▇▄▅▆▅▁ | Efficiency Ratio (%) | 49.8% | 49.1% | 48.6% | 46.6% | 47.3% | 47.9% | 47.6% | 44.1% |
| ██▆▅▄▄▃▁ | Cost of Funds (%) | 2.39% | 2.33% | 2.09% | 1.96% | 1.88% | 1.79% | 1.65% | 1.41% |
| ▁▂▂▃▃██▇ | NPA / Assets (%) | 0.11% | 0.48% | 0.47% | 0.63% | 0.66% | 1.79% | 2.00% | 1.60% |
| ▁▂▂▃▂██▇ | Net Charge-Off Ratio (%) | 0.13% | 0.57% | 0.55% | 0.75% | 0.37% | 1.81% | 1.98% | 1.61% |
| ▁▂▃▄▅▇▇█ | Tang. Book Value ($M) | $214 | $227 | $236 | $247 | $259 | $269 | $275 | $287 |
| ▁▂▆▅▆▆██ | Gross Loans ($M) | $1,980 | $2,014 | $2,088 | $2,081 | $2,090 | $2,082 | $2,128 | $2,142 |
| ▁▃▃▅▄▆▅█ | Total Deposits ($M) | $2,005 | $2,111 | $2,138 | $2,195 | $2,167 | $2,276 | $2,228 | $2,376 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 22% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 6% |