Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.26 | 1.69% |
| Return on Equity (%) | ▲ | 13.20% | +0.66 | 12.54% |
| Net Interest Margin (%) | ▲ | 4.97% | +0.23 | 4.74% |
| Efficiency Ratio (%) | ▲ | 48.10% | -3.93 | 52.02% |
| Pre-Provision Profit ($M) | ▲ | $14 | +2.35 | $12 |
| Cost of Funds (%) | ▲ | 1.56% | -0.09 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,149 | +124.74 | $2,024 |
| Gross Loans ($M) | ▲ | $1,374 | +51.07 | $1,323 |
| Loan Growth YoY (%) | ▼ | 75.04% | -3.75 | 78.79% |
| Total Deposits ($M) | ▲ | $1,773 | +145.57 | $1,628 |
| Shareholders Equity ($M) | ▲ | $311 | +34.52 | $277 |
| Tang. Book Value ($M) | ▲ | $305 | +35.57 | $270 |
| TBV excl. AOCI ($M)** | ▲ | $333 | +33.77 | $299 |
| Loan / Deposit Ratio (%) | ▼ | 75.04% | -3.75 | 78.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.49% | +0.06 | 0.43% |
| Allowance / Loans (%) | — | 3.14% | 0.10% | 3.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.06 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇███ | Net Interest Margin (%) | 4.23% | 4.33% | 4.44% | 4.74% | 4.86% | 4.94% | 5.02% | 4.97% |
| ▁▁▁▅▅▅▆█ | Return on Assets (%) | 1.43% | 1.47% | 1.48% | 1.69% | 1.70% | 1.72% | 1.78% | 1.95% |
| █▇▆▄▃▂▃▁ | Efficiency Ratio (%) | 56.9% | 54.7% | 53.7% | 52.0% | 51.2% | 49.9% | 50.5% | 48.1% |
| ███▄▃▄▄▁ | Cost of Funds (%) | 1.75% | 1.76% | 1.77% | 1.65% | 1.63% | 1.65% | 1.66% | 1.56% |
| ▁▁█▁▄▆▃▃ | NPA / Assets (%) | 0.40% | 0.41% | 0.74% | 0.43% | 0.54% | 0.62% | 0.49% | 0.49% |
| ▁▁█▁▄▆▂▂ | Net Charge-Off Ratio (%) | 0.60% | 0.60% | 1.01% | 0.61% | 0.77% | 0.86% | 0.67% | 0.67% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $241 | $261 | $259 | $270 | $278 | $292 | $302 | $305 |
| ▁▃▅▅▆█▇▇ | Gross Loans ($M) | $1,230 | $1,285 | $1,323 | $1,323 | $1,356 | $1,401 | $1,367 | $1,374 |
| ▁▁▁▄▅▆▆█ | Total Deposits ($M) | $1,513 | $1,521 | $1,503 | $1,628 | $1,648 | $1,699 | $1,682 | $1,773 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 11% |