Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.16 | 1.25% |
| Return on Equity (%) | ▲ | 12.45% | +0.19 | 12.26% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.09 | 3.29% |
| Efficiency Ratio (%) | ▲ | 50.88% | -4.99 | 55.87% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.92 | $6 |
| Cost of Funds (%) | ▲ | 1.43% | -0.19 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,646 | +13.56 | $1,633 |
| Gross Loans ($M) | ▼ | $1,238 | -4.83 | $1,242 |
| Loan Growth YoY (%) | ▲ | 86.13% | +0.10 | 86.02% |
| Total Deposits ($M) | ▼ | $1,428 | -6.89 | $1,435 |
| Shareholders Equity ($M) | ▲ | $187 | +18.66 | $168 |
| Tang. Book Value ($M) | ▲ | $177 | +19.72 | $157 |
| TBV excl. AOCI ($M)** | ▲ | $189 | +18.60 | $170 |
| Loan / Deposit Ratio (%) | ▲ | 86.13% | +0.10 | 86.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.05 | 0.31% |
| Allowance / Loans (%) | — | 0.64% | -0.03% | 0.67% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.08 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.73% | +1.77 | 17.95% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇███ | Net Interest Margin (%) | 3.00% | 3.08% | 3.14% | 3.29% | 3.35% | 3.40% | 3.43% | 3.38% |
| ▁▂▃▅▄▄▆█ | Return on Assets (%) | 1.07% | 1.13% | 1.16% | 1.25% | 1.22% | 1.22% | 1.29% | 1.40% |
| █▆▆▆▅▄▂▁ | Efficiency Ratio (%) | 58.6% | 56.7% | 56.2% | 55.9% | 55.2% | 54.5% | 52.1% | 50.9% |
| █▇▆▄▂▃▂▁ | Cost of Funds (%) | 1.88% | 1.81% | 1.73% | 1.63% | 1.53% | 1.58% | 1.51% | 1.43% |
| ▂▄▁▃▇▆█▄ | NPA / Assets (%) | 0.25% | 0.33% | 0.19% | 0.31% | 0.48% | 0.42% | 0.56% | 0.36% |
| ▂▄▁▃▇▅█▄ | Net Charge-Off Ratio (%) | 0.34% | 0.44% | 0.24% | 0.41% | 0.63% | 0.55% | 0.75% | 0.48% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $143 | $155 | $150 | $157 | $161 | $167 | $174 | $177 |
| ▁▆██████ | Gross Loans ($M) | $1,158 | $1,216 | $1,236 | $1,242 | $1,242 | $1,235 | $1,238 | $1,238 |
| ▁▁▇█▃▂██ | Total Deposits ($M) | $1,375 | $1,381 | $1,425 | $1,435 | $1,390 | $1,386 | $1,433 | $1,428 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 21% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 6% |