Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.28% | -0.11 | 1.39% |
| Return on Equity (%) | ▼ | 14.74% | -1.78 | 16.52% |
| Net Interest Margin (%) | ▼ | 3.24% | -0.07 | 3.30% |
| Efficiency Ratio (%) | ▼ | 47.71% | +0.42 | 47.29% |
| Pre-Provision Profit ($M) | ▲ | $14 | +0.77 | $14 |
| Cost of Funds (%) | ▲ | 1.91% | -0.18 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,321 | +292.86 | $3,028 |
| Gross Loans ($M) | ▲ | $2,389 | +173.98 | $2,215 |
| Loan Growth YoY (%) | ▲ | 82.21% | +0.05 | 82.16% |
| Total Deposits ($M) | ▲ | $2,888 | +209.40 | $2,679 |
| Shareholders Equity ($M) | ▲ | $286 | +29.23 | $257 |
| Tang. Book Value ($M) | ▲ | $270 | +29.26 | $241 |
| TBV excl. AOCI ($M)** | ▲ | $307 | +37.84 | $269 |
| Loan / Deposit Ratio (%) | ▲ | 82.21% | +0.05 | 82.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.14 | 0.37% |
| Allowance / Loans (%) | — | 0.59% | -0.03% | 0.62% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.16 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.93% | +0.23 | 10.70% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁█▆▄▄▁ | Net Interest Margin (%) | 3.23% | 3.24% | 3.23% | 3.30% | 3.28% | 3.26% | 3.26% | 3.24% |
| ▁▁▁█▇▄▄▆ | Return on Assets (%) | 1.04% | 0.99% | 0.99% | 1.39% | 1.32% | 1.19% | 1.16% | 1.28% |
| █▇▇▁▂▁▂▁ | Efficiency Ratio (%) | 53.7% | 52.9% | 52.7% | 47.3% | 48.1% | 48.1% | 48.3% | 47.7% |
| ██▇▃▅▆▄▁ | Cost of Funds (%) | 2.47% | 2.47% | 2.35% | 2.09% | 2.22% | 2.30% | 2.12% | 1.91% |
| ▆█▅▇▄▄▇▁ | NPA / Assets (%) | 0.34% | 0.41% | 0.33% | 0.37% | 0.32% | 0.31% | 0.38% | 0.24% |
| ▅█▄▇▄▄█▁ | Net Charge-Off Ratio (%) | 0.45% | 0.54% | 0.41% | 0.48% | 0.43% | 0.42% | 0.52% | 0.32% |
| ▁▃▂▄▆▇██ | Tang. Book Value ($M) | $212 | $229 | $226 | $241 | $251 | $262 | $273 | $270 |
| ▁▂▃▅▇███ | Gross Loans ($M) | $1,995 | $2,072 | $2,142 | $2,215 | $2,292 | $2,353 | $2,364 | $2,389 |
| ▁▁▁▄▆█▇█ | Total Deposits ($M) | $2,522 | $2,549 | $2,546 | $2,679 | $2,774 | $2,884 | $2,840 | $2,888 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 32% |
| C&I / Commercial | 45% |
| Consumer | 17% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 18% |