Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.46 | 0.56% |
| Return on Equity (%) | ▲ | 9.76% | +4.04 | 5.72% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.52 | 3.30% |
| Efficiency Ratio (%) | ▲ | 66.70% | -12.87 | 79.58% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.47 | $3 |
| Cost of Funds (%) | ▲ | 1.42% | -0.30 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,583 | +101.64 | $1,481 |
| Gross Loans ($M) | ▲ | $1,158 | +69.11 | $1,089 |
| Loan Growth YoY (%) | ▼ | 82.98% | -0.38 | 83.36% |
| Total Deposits ($M) | ▲ | $1,383 | +88.64 | $1,294 |
| Shareholders Equity ($M) | ▲ | $165 | +17.87 | $147 |
| Tang. Book Value ($M) | ▲ | $155 | +17.92 | $137 |
| TBV excl. AOCI ($M)** | ▲ | $170 | +19.75 | $150 |
| Loan / Deposit Ratio (%) | ▼ | 82.98% | -0.38 | 83.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.05 | 0.16% |
| Allowance / Loans (%) | — | 0.89% | -0.01% | 0.90% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.07 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.70% | -0.24 | 14.94% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▆█ | Net Interest Margin (%) | 3.31% | 3.28% | 3.29% | 3.30% | 3.46% | 3.54% | 3.62% | 3.82% |
| ██▇▅▇▁▃█ | Return on Assets (%) | 0.97% | 0.92% | 0.86% | 0.56% | 0.83% | 0.05% | 0.36% | 1.02% |
| ▁▁▂█▄▃▂▂ | Efficiency Ratio (%) | 64.2% | 65.3% | 66.5% | 79.6% | 71.4% | 68.8% | 67.2% | 66.7% |
| ▆██▄▃▂▂▁ | Cost of Funds (%) | 1.88% | 2.09% | 2.09% | 1.72% | 1.60% | 1.58% | 1.55% | 1.42% |
| ▁▁▁▂▁▂█▄ | NPA / Assets (%) | 0.13% | 0.14% | 0.12% | 0.16% | 0.13% | 0.15% | 0.34% | 0.21% |
| ▁▁▁▂▁▁█▄ | Net Charge-Off Ratio (%) | 0.17% | 0.19% | 0.16% | 0.22% | 0.16% | 0.19% | 0.46% | 0.29% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $130 | $136 | $135 | $137 | $142 | $147 | $153 | $155 |
| ▂▁▃▂▄▇██ | Gross Loans ($M) | $1,079 | $1,066 | $1,094 | $1,089 | $1,111 | $1,143 | $1,162 | $1,158 |
| ▇▇▁▁▃▅▅█ | Total Deposits ($M) | $1,364 | $1,368 | $1,298 | $1,294 | $1,319 | $1,344 | $1,348 | $1,383 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 11% |
| Consumer | 3% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 12% |