Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.17% | +0.57 | 1.60% |
| Return on Equity (%) | ▲ | 14.16% | +4.21 | 9.95% |
| Net Interest Margin (%) | ▲ | 4.17% | +0.81 | 3.36% |
| Efficiency Ratio (%) | ▲ | 30.83% | -4.77 | 35.61% |
| Pre-Provision Profit ($M) | ▲ | $16 | +4.33 | $12 |
| Cost of Funds (%) | ▲ | 2.64% | -0.44 | 3.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,213 | +71.08 | $2,141 |
| Gross Loans ($M) | ▲ | $2,043 | +160.12 | $1,883 |
| Loan Growth YoY (%) | ▲ | 118.03% | +7.25 | 110.78% |
| Total Deposits ($M) | ▲ | $1,702 | +31.55 | $1,670 |
| Shareholders Equity ($M) | ▼ | $348 | -0.25 | $348 |
| Tang. Book Value ($M) | ▼ | $348 | -0.25 | $348 |
| Loan / Deposit Ratio (%) | ▲ | 118.03% | +7.25 | 110.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.55% | -0.05 | 0.60% |
| Allowance / Loans (%) | — | 1.71% | -0.05% | 1.76% |
| Net Charge-Off Ratio (%) | ▲ | 0.46% | -0.14 | 0.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 3.09% | 3.11% | 3.13% | 3.36% | 3.47% | 3.62% | 3.75% | 4.17% |
| ▁▁▁▂▃▄▅█ | Return on Assets (%) | 1.41% | 1.49% | 1.50% | 1.60% | 1.64% | 1.77% | 1.84% | 2.17% |
| ███▅▄▄▃▁ | Efficiency Ratio (%) | 39.3% | 39.0% | 38.9% | 35.6% | 34.8% | 34.3% | 33.8% | 30.8% |
| ▅██▇▆▅▂▁ | Cost of Funds (%) | 2.98% | 3.22% | 3.16% | 3.08% | 3.03% | 2.96% | 2.72% | 2.64% |
| ▁█▇▆▆▇▆▅ | NPA / Assets (%) | 0.42% | 0.68% | 0.64% | 0.60% | 0.59% | 0.65% | 0.61% | 0.55% |
| ▁██▇▆▇▄▃ | Net Charge-Off Ratio (%) | 0.39% | 0.68% | 0.65% | 0.60% | 0.58% | 0.64% | 0.53% | 0.46% |
| ▃▄▅▇█▁▃▇ | Tang. Book Value ($M) | $335 | $339 | $342 | $348 | $354 | $327 | $336 | $348 |
| ▁▂▃▃▅▆██ | Gross Loans ($M) | $1,805 | $1,840 | $1,868 | $1,883 | $1,935 | $1,960 | $2,035 | $2,043 |
| ▁▂▅▆▇██▇ | Total Deposits ($M) | $1,501 | $1,562 | $1,635 | $1,670 | $1,698 | $1,756 | $1,763 | $1,702 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 17% |