Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.47% | -0.20 | 1.67% |
| Return on Equity (%) | ▼ | 6.69% | -1.72 | 8.41% |
| Net Interest Margin (%) | ▼ | 4.44% | -0.44 | 4.88% |
| Efficiency Ratio (%) | ▼ | 58.49% | +6.39 | 52.11% |
| Pre-Provision Profit ($M) | ▼ | $12 | -3.15 | $16 |
| Cost of Funds (%) | ▲ | 1.08% | -0.13 | 1.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,827 | +3.28 | $2,824 |
| Gross Loans ($M) | ▼ | $1,864 | -129.60 | $1,993 |
| Loan Growth YoY (%) | ▼ | 84.79% | -4.24 | 89.04% |
| Total Deposits ($M) | ▼ | $2,173 | -36.91 | $2,210 |
| Shareholders Equity ($M) | ▲ | $622 | +50.42 | $572 |
| Tang. Book Value ($M) | ▲ | $503 | +51.51 | $452 |
| TBV excl. AOCI ($M)** | ▲ | $516 | +49.75 | $466 |
| Loan / Deposit Ratio (%) | ▼ | 84.79% | -4.24 | 89.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.74% | +1.69 | 1.05% |
| Allowance / Loans (%) | — | 1.14% | -0.16% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 3.85% | +2.72 | 1.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 26.06% | +4.42 | 21.64% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▄▄▄▁ | Net Interest Margin (%) | 5.38% | 5.35% | 5.29% | 4.88% | 4.89% | 4.84% | 4.86% | 4.44% |
| ███▄▄▅▅▁ | Return on Assets (%) | 1.98% | 1.99% | 1.96% | 1.67% | 1.72% | 1.74% | 1.78% | 1.47% |
| ▂▁▁▄▃▃▂█ | Efficiency Ratio (%) | 50.5% | 48.2% | 48.6% | 52.1% | 51.5% | 51.6% | 50.8% | 58.5% |
| ▁▃▇▇▇█▅▁ | Cost of Funds (%) | 1.08% | 1.13% | 1.20% | 1.21% | 1.21% | 1.23% | 1.16% | 1.08% |
| ▁▁▃▂▂▄▄█ | NPA / Assets (%) | 0.79% | 0.76% | 1.32% | 1.05% | 1.19% | 1.52% | 1.65% | 2.74% |
| ▁▁▃▂▂▃▅█ | Net Charge-Off Ratio (%) | 0.66% | 0.66% | 1.47% | 1.13% | 1.29% | 1.75% | 2.27% | 3.85% |
| ▁▂▃▅▆▇██ | Tang. Book Value ($M) | $397 | $417 | $427 | $452 | $466 | $480 | $494 | $503 |
| ▄▄▇██▇▁▁ | Gross Loans ($M) | $1,928 | $1,919 | $1,975 | $1,993 | $1,993 | $1,966 | $1,878 | $1,864 |
| ▁▃██▇▅▅▇ | Total Deposits ($M) | $2,045 | $2,100 | $2,213 | $2,210 | $2,173 | $2,131 | $2,143 | $2,173 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 4% |