Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.37% | -0.17 | 1.55% |
| Return on Equity (%) | ▼ | 8.92% | -2.48 | 11.40% |
| Net Interest Margin (%) | ▼ | 4.48% | -0.01 | 4.50% |
| Efficiency Ratio (%) | ▼ | 52.72% | +2.99 | 49.74% |
| Pre-Provision Profit ($M) | ▼ | $8 | -0.28 | $8 |
| Cost of Funds (%) | ▲ | 2.25% | -0.24 | 2.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,461 | -33.88 | $1,495 |
| Gross Loans ($M) | ▼ | $905 | -20.33 | $925 |
| Loan Growth YoY (%) | ▲ | 79.39% | +0.77 | 78.63% |
| Total Deposits ($M) | ▼ | $1,120 | -37.73 | $1,158 |
| Shareholders Equity ($M) | ▲ | $229 | +26.48 | $202 |
| Tang. Book Value ($M) | ▲ | $228 | +26.49 | $201 |
| TBV excl. AOCI ($M)** | ▲ | $239 | +22.44 | $217 |
| Loan / Deposit Ratio (%) | ▲ | 79.39% | +0.77 | 78.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.28% | +1.34 | 0.95% |
| Allowance / Loans (%) | — | 1.66% | 0.12% | 1.55% |
| Net Charge-Off Ratio (%) | ▼ | 3.69% | +2.16 | 1.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▄▆▄▁ | Net Interest Margin (%) | 4.78% | 4.81% | 4.76% | 4.50% | 4.64% | 4.70% | 4.62% | 4.48% |
| ▆██▄▇█▇▁ | Return on Assets (%) | 1.66% | 1.76% | 1.76% | 1.55% | 1.70% | 1.76% | 1.68% | 1.37% |
| ▃▂▁▂▂▃▃█ | Efficiency Ratio (%) | 50.0% | 49.7% | 48.8% | 49.7% | 49.3% | 49.8% | 49.9% | 52.7% |
| █▇▇▃▆▆▄▁ | Cost of Funds (%) | 2.89% | 2.78% | 2.76% | 2.49% | 2.68% | 2.68% | 2.53% | 2.25% |
| ▁▁▁▂▄▅██ | NPA / Assets (%) | 0.81% | 0.67% | 0.65% | 0.95% | 1.38% | 1.59% | 2.38% | 2.28% |
| ▁▁▁▂▄▄██ | Net Charge-Off Ratio (%) | 1.34% | 1.12% | 1.12% | 1.53% | 2.20% | 2.44% | 3.99% | 3.69% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $180 | $188 | $195 | $201 | $209 | $217 | $224 | $228 |
| ▁▄▃███▅▇ | Gross Loans ($M) | $810 | $855 | $839 | $925 | $920 | $914 | $879 | $905 |
| ▁▃▃█▆▁▇▅ | Total Deposits ($M) | $1,063 | $1,097 | $1,096 | $1,158 | $1,128 | $1,070 | $1,137 | $1,120 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 38% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 18% |