Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.14 | 1.36% |
| Return on Equity (%) | ▲ | 14.07% | +2.37 | 11.70% |
| Net Interest Margin (%) | ▼ | 3.17% | -0.17 | 3.34% |
| Efficiency Ratio (%) | ▲ | 38.12% | -6.87 | 44.99% |
| Pre-Provision Profit ($M) | ▲ | $13 | +3.04 | $10 |
| Cost of Funds (%) | ▲ | 1.94% | -0.17 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,690 | +538.03 | $2,152 |
| Gross Loans ($M) | ▲ | $1,995 | +329.73 | $1,665 |
| Loan Growth YoY (%) | ▼ | 87.82% | -5.38 | 93.20% |
| Total Deposits ($M) | ▲ | $2,261 | +482.59 | $1,778 |
| Shareholders Equity ($M) | ▲ | $277 | +21.20 | $256 |
| Tang. Book Value ($M) | ▲ | $221 | +21.20 | $199 |
| TBV excl. AOCI ($M)** | ▲ | $245 | +30.16 | $215 |
| Loan / Deposit Ratio (%) | ▼ | 87.82% | -5.38 | 93.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.10 | 0.18% |
| Allowance / Loans (%) | — | 0.48% | 0.00% | 0.48% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.12 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.74% | -0.73 | 11.47% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▃▄▄▄▁ | Net Interest Margin (%) | 3.66% | 3.64% | 3.60% | 3.34% | 3.41% | 3.41% | 3.39% | 3.17% |
| ▄▆▄▁▅▇▆█ | Return on Assets (%) | 1.43% | 1.47% | 1.43% | 1.36% | 1.45% | 1.49% | 1.47% | 1.51% |
| ▅▄▄█▄▃▂▁ | Efficiency Ratio (%) | 41.9% | 41.2% | 41.2% | 45.0% | 41.5% | 40.4% | 39.2% | 38.1% |
| ▆█▅▃▂▆▃▁ | Cost of Funds (%) | 2.28% | 2.45% | 2.25% | 2.11% | 2.05% | 2.27% | 2.10% | 1.94% |
| ▄▃█▅▁▁▂▁ | NPA / Assets (%) | 0.17% | 0.15% | 0.27% | 0.18% | 0.11% | 0.10% | 0.11% | 0.09% |
| ▄▃█▅▁▁▂▁ | Net Charge-Off Ratio (%) | 0.21% | 0.18% | 0.34% | 0.22% | 0.12% | 0.12% | 0.14% | 0.11% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $181 | $192 | $190 | $199 | $203 | $214 | $223 | $221 |
| ▁▁▁▁▅▅▆█ | Gross Loans ($M) | $1,641 | $1,659 | $1,671 | $1,665 | $1,829 | $1,835 | $1,870 | $1,995 |
| ▁▁▁▁▄▅▅█ | Total Deposits ($M) | $1,792 | $1,789 | $1,785 | $1,778 | $1,973 | $2,023 | $2,076 | $2,261 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 32% |
| C&I / Commercial | 39% |
| Consumer | 21% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 19% |