Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.16% | +0.25 | 1.91% |
| Return on Equity (%) | ▲ | 17.70% | +1.34 | 16.36% |
| Net Interest Margin (%) | ▲ | 5.28% | +0.39 | 4.89% |
| Efficiency Ratio (%) | ▲ | 48.77% | -3.25 | 52.01% |
| Pre-Provision Profit ($M) | ▲ | $15 | +2.79 | $12 |
| Cost of Funds (%) | ▲ | 1.42% | -0.23 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,110 | +190.84 | $1,919 |
| Gross Loans ($M) | ▲ | $1,911 | +251.48 | $1,660 |
| Loan Growth YoY (%) | ▲ | 104.57% | +6.15 | 98.43% |
| Total Deposits ($M) | ▲ | $1,808 | +139.79 | $1,668 |
| Shareholders Equity ($M) | ▲ | $257 | +30.27 | $227 |
| Tang. Book Value ($M) | ▲ | $253 | +30.34 | $223 |
| TBV excl. AOCI ($M)** | ▲ | $254 | +30.58 | $224 |
| Loan / Deposit Ratio (%) | ▲ | 104.57% | +6.15 | 98.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.79% | +0.16 | 0.63% |
| Allowance / Loans (%) | — | 1.09% | 0.00% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.65% | +0.48 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.42% | -0.10 | 13.52% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 4.42% | 4.48% | 4.57% | 4.89% | 5.06% | 5.13% | 5.22% | 5.28% |
| ▁▁▂▅█▆▆▆ | Return on Assets (%) | 1.46% | 1.36% | 1.59% | 1.91% | 2.43% | 2.12% | 2.10% | 2.16% |
| ██▆▄▂▁▁▂ | Efficiency Ratio (%) | 57.3% | 56.2% | 54.6% | 52.0% | 49.2% | 47.5% | 46.9% | 48.8% |
| ▆█▇▅▂▂▁▁ | Cost of Funds (%) | 1.72% | 1.92% | 1.79% | 1.65% | 1.50% | 1.48% | 1.37% | 1.42% |
| ▁▁▁▁█▇▂▂ | NPA / Assets (%) | 0.68% | 0.67% | 0.66% | 0.63% | 1.33% | 1.22% | 0.79% | 0.79% |
| ▁▁▂▁██▇▅ | Net Charge-Off Ratio (%) | 0.25% | 0.24% | 0.31% | 0.17% | 0.99% | 1.04% | 0.87% | 0.65% |
| ▁▁▂▃▅▅██ | Tang. Book Value ($M) | $209 | $210 | $217 | $223 | $233 | $235 | $251 | $253 |
| ▁▂▃▄▄▅▇█ | Gross Loans ($M) | $1,505 | $1,568 | $1,624 | $1,660 | $1,701 | $1,724 | $1,834 | $1,911 |
| ▁▂▁▁▃▆██ | Total Deposits ($M) | $1,676 | $1,696 | $1,682 | $1,668 | $1,717 | $1,767 | $1,795 | $1,808 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 11% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 13% |