Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.79% | +0.09 | 0.71% |
| Return on Equity (%) | ▼ | 10.33% | -0.40 | 10.73% |
| Net Interest Margin (%) | ▲ | 3.05% | +0.30 | 2.75% |
| Efficiency Ratio (%) | ▼ | 68.30% | +1.81 | 66.49% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.33 | $5 |
| Cost of Funds (%) | ▲ | 1.77% | -0.30 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,900 | +25.82 | $1,874 |
| Gross Loans ($M) | ▲ | $1,284 | +71.55 | $1,212 |
| Loan Growth YoY (%) | ▲ | 77.00% | +4.74 | 72.26% |
| Total Deposits ($M) | ▼ | $1,655 | -9.88 | $1,665 |
| Shareholders Equity ($M) | ▲ | $146 | +20.95 | $125 |
| Tang. Book Value ($M) | ▲ | $145 | +20.97 | $124 |
| TBV excl. AOCI ($M)** | ▲ | $171 | +20.08 | $151 |
| Loan / Deposit Ratio (%) | ▲ | 77.00% | +4.74 | 72.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.04 | 0.46% |
| Allowance / Loans (%) | — | 0.74% | -0.02% | 0.77% |
| Net Charge-Off Ratio (%) | ▼ | 0.75% | +0.04 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.25% | -0.13 | 13.37% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 2.50% | 2.54% | 2.58% | 2.75% | 2.88% | 2.93% | 3.02% | 3.05% |
| ▁▂▃▃▆▇█▅ | Return on Assets (%) | 0.59% | 0.65% | 0.69% | 0.71% | 0.86% | 0.91% | 0.97% | 0.79% |
| █▇▆▃▂▁▁▅ | Efficiency Ratio (%) | 74.3% | 71.5% | 70.4% | 66.5% | 64.1% | 62.9% | 62.0% | 68.3% |
| ▇█▇▅▅▄▂▁ | Cost of Funds (%) | 2.23% | 2.30% | 2.23% | 2.08% | 2.04% | 2.04% | 1.87% | 1.77% |
| ▁▁▁█████ | NPA / Assets (%) | 0.12% | 0.09% | 0.11% | 0.46% | 0.48% | 0.48% | 0.47% | 0.51% |
| ▁▁▁█████ | Net Charge-Off Ratio (%) | 0.18% | 0.14% | 0.16% | 0.71% | 0.73% | 0.72% | 0.70% | 0.75% |
| ▁▆▅▆▆▇██ | Tang. Book Value ($M) | $83 | $123 | $120 | $124 | $129 | $137 | $145 | $145 |
| ▁▁▄▄▄▆▇█ | Gross Loans ($M) | $1,163 | $1,172 | $1,217 | $1,212 | $1,220 | $1,247 | $1,262 | $1,284 |
| ▁▄▅▇▆█▆▇ | Total Deposits ($M) | $1,573 | $1,626 | $1,630 | $1,665 | $1,653 | $1,682 | $1,644 | $1,655 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 11% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 3% |