Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.30 | 0.94% |
| Return on Equity (%) | ▲ | 12.21% | +1.31 | 10.90% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.32 | 2.97% |
| Efficiency Ratio (%) | ▲ | 51.95% | -4.90 | 56.85% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.35 | $6 |
| Cost of Funds (%) | ▲ | 2.02% | -0.15 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,718 | -48.61 | $1,766 |
| Gross Loans ($M) | ▲ | $1,342 | +21.54 | $1,320 |
| Loan Growth YoY (%) | ▲ | 88.47% | +5.22 | 83.25% |
| Total Deposits ($M) | ▼ | $1,497 | -70.83 | $1,568 |
| Shareholders Equity ($M) | ▲ | $175 | +22.84 | $153 |
| Tang. Book Value ($M) | ▲ | $160 | +23.00 | $137 |
| TBV excl. AOCI ($M)** | ▲ | $174 | +22.27 | $152 |
| Loan / Deposit Ratio (%) | ▲ | 88.47% | +5.22 | 83.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.55 | 0.29% |
| Allowance / Loans (%) | — | 1.27% | 0.16% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 1.07% | +0.69 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.70% | +0.91 | 10.79% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▇██ | Net Interest Margin (%) | 2.58% | 2.70% | 2.80% | 2.97% | 3.07% | 3.16% | 3.24% | 3.29% |
| ▁▃▁▄▆▇▆█ | Return on Assets (%) | 0.76% | 0.87% | 0.72% | 0.94% | 1.05% | 1.13% | 1.10% | 1.24% |
| █▆▆▅▂▁▃▁ | Efficiency Ratio (%) | 61.3% | 58.8% | 58.1% | 56.9% | 53.4% | 52.5% | 55.2% | 52.0% |
| ██▅▂▃▃▃▁ | Cost of Funds (%) | 2.72% | 2.74% | 2.47% | 2.17% | 2.24% | 2.27% | 2.23% | 2.02% |
| ▁▁█▃▃▄▅█ | NPA / Assets (%) | 0.01% | 0.01% | 0.84% | 0.29% | 0.27% | 0.38% | 0.49% | 0.84% |
| ▁▁█▃▃▄▅█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 1.07% | 0.39% | 0.35% | 0.48% | 0.63% | 1.07% |
| ▁▃▁▃▅▆██ | Tang. Book Value ($M) | $126 | $138 | $130 | $137 | $143 | $150 | $157 | $160 |
| ▆▃▁▂▅█▅▄ | Gross Loans ($M) | $1,363 | $1,328 | $1,309 | $1,320 | $1,353 | $1,383 | $1,347 | $1,342 |
| ▅▆▁█▃▆▁▁ | Total Deposits ($M) | $1,538 | $1,543 | $1,498 | $1,568 | $1,511 | $1,546 | $1,490 | $1,497 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 33% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 15% |