Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.02 | 1.76% |
| Return on Equity (%) | ▼ | 14.92% | -0.31 | 15.23% |
| Net Interest Margin (%) | ▼ | 3.55% | -0.07 | 3.62% |
| Efficiency Ratio (%) | ▲ | 44.15% | -3.91 | 48.07% |
| Pre-Provision Profit ($M) | ▲ | $13 | +0.43 | $12 |
| Cost of Funds (%) | ▲ | 1.73% | -0.26 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,872 | +84.60 | $2,788 |
| Gross Loans ($M) | ▲ | $1,991 | +87.33 | $1,903 |
| Loan Growth YoY (%) | ▲ | 79.16% | +1.41 | 77.75% |
| Total Deposits ($M) | ▲ | $2,473 | +63.98 | $2,409 |
| Shareholders Equity ($M) | ▲ | $346 | +19.45 | $326 |
| Tang. Book Value ($M) | ▲ | $346 | +19.45 | $326 |
| TBV excl. AOCI ($M)** | ▲ | $372 | +24.49 | $347 |
| Loan / Deposit Ratio (%) | ▲ | 79.16% | +1.41 | 77.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.12 | 0.30% |
| Allowance / Loans (%) | — | 1.67% | 0.06% | 1.61% |
| Net Charge-Off Ratio (%) | ▼ | 0.51% | +0.21 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.39% | -0.07 | 14.46% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇▃▄▆▇█▁ | Net Interest Margin (%) | 3.65% | 3.67% | 3.60% | 3.62% | 3.65% | 3.67% | 3.70% | 3.55% |
| ██▆▁▆█▇▁ | Return on Assets (%) | 2.60% | 2.63% | 2.41% | 1.76% | 2.46% | 2.70% | 2.58% | 1.79% |
| ▁▂▃█▂▁▃▆ | Efficiency Ratio (%) | 37.1% | 37.5% | 39.2% | 48.1% | 38.7% | 35.7% | 39.3% | 44.2% |
| ▇▇██▃▁▃▁ | Cost of Funds (%) | 1.96% | 1.98% | 2.02% | 1.99% | 1.82% | 1.77% | 1.84% | 1.73% |
| ▁▁█▁▁▁▁▁ | NPA / Assets (%) | 0.38% | 0.29% | 1.91% | 0.30% | 0.48% | 0.30% | 0.43% | 0.41% |
| ▁▁█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.40% | 0.29% | 2.60% | 0.30% | 0.53% | 0.34% | 0.52% | 0.51% |
| ▆█▁▂▅▄▃▅ | Tang. Book Value ($M) | $355 | $378 | $314 | $326 | $347 | $341 | $335 | $346 |
| ▁▂▅▄▅▇▆█ | Gross Loans ($M) | $1,833 | $1,872 | $1,928 | $1,903 | $1,917 | $1,953 | $1,935 | $1,991 |
| ▁▃▅▇▅█▇█ | Total Deposits ($M) | $2,141 | $2,229 | $2,308 | $2,409 | $2,317 | $2,474 | $2,411 | $2,473 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 15% |