Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.05 | 1.22% |
| Return on Equity (%) | ▼ | 12.31% | -0.50 | 12.81% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.16 | 3.44% |
| Efficiency Ratio (%) | ▲ | 50.55% | -0.74 | 51.29% |
| Pre-Provision Profit ($M) | ▲ | $12 | +1.04 | $11 |
| Cost of Funds (%) | ▲ | 1.90% | -0.23 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,854 | +10.12 | $2,843 |
| Gross Loans ($M) | ▲ | $2,195 | +77.86 | $2,117 |
| Loan Growth YoY (%) | ▲ | 87.60% | +2.90 | 84.70% |
| Total Deposits ($M) | ▲ | $2,479 | +7.76 | $2,471 |
| Shareholders Equity ($M) | ▲ | $301 | +23.33 | $278 |
| Tang. Book Value ($M) | ▲ | $258 | +25.32 | $233 |
| TBV excl. AOCI ($M)** | ▲ | $277 | +27.55 | $250 |
| Loan / Deposit Ratio (%) | ▲ | 87.60% | +2.90 | 84.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.21% | +0.47 | 0.74% |
| Allowance / Loans (%) | — | 1.06% | -0.07% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 1.55% | +0.56 | 0.99% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.75% | -0.02 | 11.78% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▇▇██ | Net Interest Margin (%) | 3.22% | 3.28% | 3.31% | 3.44% | 3.53% | 3.54% | 3.57% | 3.60% |
| ▁▃▄▇███▇ | Return on Assets (%) | 0.64% | 0.92% | 1.01% | 1.22% | 1.32% | 1.38% | 1.41% | 1.27% |
| █▅▄▂▁▁▁▂ | Efficiency Ratio (%) | 64.7% | 56.8% | 54.4% | 51.3% | 49.8% | 48.1% | 48.3% | 50.6% |
| █▇█▄▄▃▃▁ | Cost of Funds (%) | 2.37% | 2.32% | 2.40% | 2.13% | 2.09% | 2.06% | 2.08% | 1.90% |
| ▁▄▃▃▄▆▆█ | NPA / Assets (%) | 0.49% | 0.81% | 0.69% | 0.74% | 0.82% | 1.00% | 0.95% | 1.21% |
| ▁▄▃▄▄▇▆█ | Net Charge-Off Ratio (%) | 0.62% | 1.06% | 0.94% | 0.99% | 1.07% | 1.34% | 1.25% | 1.55% |
| ▁▃▃▅▆█▇█ | Tang. Book Value ($M) | $205 | $220 | $222 | $233 | $241 | $253 | $251 | $258 |
| ▁▁▁▂▆███ | Gross Loans ($M) | $2,099 | $2,102 | $2,102 | $2,117 | $2,162 | $2,186 | $2,184 | $2,195 |
| ▁▆█▇▆██▇ | Total Deposits ($M) | $2,241 | $2,429 | $2,516 | $2,471 | $2,438 | $2,535 | $2,540 | $2,479 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 8% |
| Consumer | 11% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 9% |