Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.03% | -0.31 | 2.34% |
| Return on Equity (%) | ▼ | 16.46% | -0.55 | 17.01% |
| Net Interest Margin (%) | ▼ | 4.10% | -0.41 | 4.51% |
| Efficiency Ratio (%) | ▼ | 39.83% | +1.93 | 37.90% |
| Pre-Provision Profit ($M) | ▼ | $15 | -0.85 | $16 |
| Cost of Funds (%) | ▲ | 1.22% | -0.23 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,241 | +200.53 | $2,040 |
| Gross Loans ($M) | ▼ | $1,111 | -22.18 | $1,133 |
| Loan Growth YoY (%) | ▼ | 55.83% | -8.16 | 63.99% |
| Total Deposits ($M) | ▲ | $1,949 | +212.29 | $1,737 |
| Shareholders Equity ($M) | ▼ | $278 | -12.43 | $291 |
| Tang. Book Value ($M) | ▼ | $278 | -12.43 | $291 |
| TBV excl. AOCI ($M)** | ▼ | $315 | -6.11 | $321 |
| Loan / Deposit Ratio (%) | ▼ | 55.83% | -8.16 | 63.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.04 | 0.05% |
| Allowance / Loans (%) | — | 2.03% | 0.13% | 1.90% |
| Net Charge-Off Ratio (%) | ▼ | 0.18% | +0.09 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 25.30% | -0.38 | 25.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▅▆▆▅▁ | Net Interest Margin (%) | 4.76% | 4.79% | 4.74% | 4.51% | 4.54% | 4.54% | 4.49% | 4.10% |
| ███▆▆▆▆▁ | Return on Assets (%) | 2.45% | 2.46% | 2.42% | 2.34% | 2.34% | 2.33% | 2.34% | 2.03% |
| ▁▂▃▃▄▅▆█ | Efficiency Ratio (%) | 37.1% | 37.6% | 37.9% | 37.9% | 38.2% | 38.5% | 39.1% | 39.8% |
| ▇█▆▅▄▅▄▁ | Cost of Funds (%) | 1.54% | 1.63% | 1.48% | 1.45% | 1.41% | 1.46% | 1.40% | 1.22% |
| ▁▁▁▄▂▄▄█ | NPA / Assets (%) | 0.02% | 0.02% | 0.01% | 0.05% | 0.03% | 0.05% | 0.04% | 0.09% |
| ▁▁▁▄▂▄▃█ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.03% | 0.09% | 0.05% | 0.09% | 0.08% | 0.18% |
| ▁▃▄▇██▃▅ | Tang. Book Value ($M) | $258 | $268 | $276 | $291 | $293 | $297 | $270 | $278 |
| ▁▁▄▇▆█▇▅ | Gross Loans ($M) | $1,052 | $1,052 | $1,099 | $1,133 | $1,115 | $1,148 | $1,126 | $1,111 |
| ▁▁▄▂▄▅██ | Total Deposits ($M) | $1,705 | $1,701 | $1,802 | $1,737 | $1,801 | $1,847 | $1,924 | $1,949 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 41% |
| Brokered / Other | 23% |