Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.26 | 1.22% |
| Return on Equity (%) | ▲ | 16.70% | +2.26 | 14.44% |
| Net Interest Margin (%) | ▼ | 6.10% | -0.20 | 6.30% |
| Efficiency Ratio (%) | ▲ | 59.63% | -0.05 | 59.68% |
| Pre-Provision Profit ($M) | ▲ | $15 | +1.01 | $14 |
| Cost of Funds (%) | ▲ | 1.75% | -0.06 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,276 | +209.00 | $2,067 |
| Gross Loans ($M) | ▲ | $1,799 | +182.98 | $1,616 |
| Loan Growth YoY (%) | ▲ | 86.01% | +1.67 | 84.35% |
| Total Deposits ($M) | ▲ | $2,057 | +178.25 | $1,878 |
| Shareholders Equity ($M) | ▲ | $201 | +26.77 | $174 |
| Tang. Book Value ($M) | ▲ | $201 | +26.77 | $174 |
| TBV excl. AOCI ($M)** | ▲ | $211 | +27.77 | $183 |
| Loan / Deposit Ratio (%) | ▲ | 86.01% | +1.67 | 84.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.54% | +0.02 | 0.52% |
| Allowance / Loans (%) | — | 1.66% | -0.29% | 1.95% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -0.04 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.47% | +0.26 | 11.22% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆█▆▅▆▆▁ | Net Interest Margin (%) | 6.32% | 6.31% | 6.39% | 6.30% | 6.27% | 6.30% | 6.30% | 6.10% |
| ▃▄▁▃▄▇▆█ | Return on Assets (%) | 1.18% | 1.24% | 1.07% | 1.22% | 1.26% | 1.38% | 1.38% | 1.48% |
| █▆▅▃▂▁▂▃ | Efficiency Ratio (%) | 62.5% | 61.1% | 60.8% | 59.7% | 59.5% | 58.7% | 59.6% | 59.6% |
| █▅█▃▂▅▃▁ | Cost of Funds (%) | 1.94% | 1.87% | 1.96% | 1.81% | 1.78% | 1.87% | 1.82% | 1.75% |
| ▁▂▄▇▂▁██ | NPA / Assets (%) | 0.41% | 0.43% | 0.48% | 0.52% | 0.43% | 0.42% | 0.55% | 0.54% |
| ▁▃▅█▃▁▆▆ | Net Charge-Off Ratio (%) | 0.50% | 0.55% | 0.57% | 0.65% | 0.55% | 0.51% | 0.60% | 0.60% |
| ▁▂▂▄▄▆██ | Tang. Book Value ($M) | $158 | $167 | $168 | $174 | $179 | $190 | $197 | $201 |
| ▁▁▃▄▅▆██ | Gross Loans ($M) | $1,473 | $1,503 | $1,576 | $1,616 | $1,655 | $1,715 | $1,769 | $1,799 |
| ▁▃▃▅▇▇▆█ | Total Deposits ($M) | $1,684 | $1,787 | $1,788 | $1,878 | $1,986 | $1,984 | $1,946 | $2,057 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 7% |
| Consumer | 27% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 24% |