Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.22 | 1.00% |
| Return on Equity (%) | ▲ | 10.46% | +1.55 | 8.91% |
| Net Interest Margin (%) | ▲ | 3.24% | +0.35 | 2.89% |
| Efficiency Ratio (%) | ▲ | 50.92% | -4.58 | 55.50% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.17 | $7 |
| Cost of Funds (%) | ▲ | 2.03% | -0.34 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,331 | +95.63 | $2,235 |
| Gross Loans ($M) | ▲ | $1,923 | +41.17 | $1,882 |
| Loan Growth YoY (%) | ▼ | 93.47% | -4.21 | 97.68% |
| Total Deposits ($M) | ▲ | $2,037 | +129.19 | $1,908 |
| Shareholders Equity ($M) | ▲ | $271 | +18.66 | $252 |
| Tang. Book Value ($M) | ▲ | $263 | +18.78 | $245 |
| TBV excl. AOCI ($M)** | ▲ | $271 | +18.41 | $252 |
| Loan / Deposit Ratio (%) | ▼ | 93.47% | -4.21 | 97.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.52% | +0.04 | 0.48% |
| Allowance / Loans (%) | — | 1.00% | 0.02% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.64% | +0.06 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.83% | +0.76 | 14.07% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 2.57% | 2.60% | 2.67% | 2.89% | 2.95% | 2.96% | 3.01% | 3.24% |
| ▁▂▃▆▆▆▆█ | Return on Assets (%) | 0.56% | 0.67% | 0.74% | 1.00% | 1.04% | 1.04% | 1.05% | 1.22% |
| ██▇▄▄▃▂▁ | Efficiency Ratio (%) | 60.6% | 59.8% | 58.8% | 55.5% | 54.7% | 54.2% | 53.2% | 50.9% |
| ▇██▅▆▅▅▁ | Cost of Funds (%) | 2.45% | 2.58% | 2.57% | 2.37% | 2.41% | 2.34% | 2.32% | 2.03% |
| ▁▁█▇▆▇▇▇ | NPA / Assets (%) | 0.14% | 0.16% | 0.59% | 0.48% | 0.47% | 0.48% | 0.48% | 0.52% |
| ▁▁█▇▇▇▇█ | Net Charge-Off Ratio (%) | 0.17% | 0.19% | 0.69% | 0.57% | 0.57% | 0.60% | 0.56% | 0.64% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $228 | $233 | $238 | $245 | $248 | $255 | $259 | $263 |
| ▃▂▂▃▂▁█▇ | Gross Loans ($M) | $1,887 | $1,875 | $1,870 | $1,882 | $1,869 | $1,858 | $1,941 | $1,923 |
| ▅▅▁▂▂▆▇█ | Total Deposits ($M) | $1,971 | $1,963 | $1,872 | $1,908 | $1,905 | $1,980 | $1,998 | $2,037 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 23% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 21% |