Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.00 | 0.68% |
| Return on Equity (%) | ▼ | 5.46% | -0.09 | 5.55% |
| Net Interest Margin (%) | ▲ | 3.66% | +0.24 | 3.41% |
| Efficiency Ratio (%) | ▲ | 64.40% | -5.78 | 70.18% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.63 | $4 |
| Cost of Funds (%) | ▲ | 1.79% | -0.02 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,879 | +145.78 | $1,733 |
| Gross Loans ($M) | ▲ | $1,479 | +155.77 | $1,323 |
| Loan Growth YoY (%) | ▲ | 90.46% | +2.97 | 87.49% |
| Total Deposits ($M) | ▲ | $1,615 | +120.10 | $1,495 |
| Shareholders Equity ($M) | ▲ | $231 | +21.35 | $209 |
| Tang. Book Value ($M) | ▲ | $231 | +21.35 | $209 |
| TBV excl. AOCI ($M)** | ▲ | $241 | +21.62 | $219 |
| Loan / Deposit Ratio (%) | ▲ | 90.46% | +2.97 | 87.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.73% | -0.38 | 1.11% |
| Allowance / Loans (%) | — | 1.19% | 0.06% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.93% | -0.53 | 1.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.29% | -0.09 | 16.38% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▆▇██ | Net Interest Margin (%) | 3.30% | 3.30% | 3.35% | 3.41% | 3.56% | 3.59% | 3.65% | 3.66% |
| ▁▁▂▁▅▂█▁ | Return on Assets (%) | 0.66% | 0.68% | 0.70% | 0.68% | 0.81% | 0.71% | 0.93% | 0.68% |
| ████▅▄▁▃ | Efficiency Ratio (%) | 70.6% | 70.0% | 69.7% | 70.2% | 66.9% | 65.0% | 61.4% | 64.4% |
| ▁▇█▅███▄ | Cost of Funds (%) | 1.72% | 1.85% | 1.86% | 1.80% | 1.87% | 1.86% | 1.87% | 1.79% |
| ▆█▇▇▇▂▁▄ | NPA / Assets (%) | 1.02% | 1.30% | 1.16% | 1.11% | 1.16% | 0.48% | 0.32% | 0.73% |
| ▇█▇▇▇▂▁▄ | Net Charge-Off Ratio (%) | 1.39% | 1.70% | 1.49% | 1.45% | 1.50% | 0.61% | 0.41% | 0.93% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $196 | $203 | $205 | $209 | $215 | $218 | $228 | $231 |
| ▁▂▃▃▄▅▇█ | Gross Loans ($M) | $1,230 | $1,264 | $1,297 | $1,323 | $1,354 | $1,380 | $1,432 | $1,479 |
| ▂▁▁▄▄▄▅█ | Total Deposits ($M) | $1,452 | $1,418 | $1,429 | $1,495 | $1,508 | $1,515 | $1,539 | $1,615 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 12% |