Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.77% | -0.21 | 0.98% |
| Return on Equity (%) | ▼ | 6.85% | -2.26 | 9.11% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.06 | 3.64% |
| Efficiency Ratio (%) | ▲ | 56.39% | -1.10 | 57.50% |
| Pre-Provision Profit ($M) | ▲ | $15 | +1.81 | $14 |
| Cost of Funds (%) | ▲ | 2.20% | -0.24 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,971 | +90.00 | $3,881 |
| Gross Loans ($M) | ▲ | $3,304 | +67.45 | $3,237 |
| Loan Growth YoY (%) | ▼ | 100.95% | -1.54 | 102.49% |
| Total Deposits ($M) | ▲ | $3,227 | +107.64 | $3,120 |
| Shareholders Equity ($M) | ▲ | $449 | +34.46 | $415 |
| Tang. Book Value ($M) | ▲ | $398 | +36.06 | $362 |
| TBV excl. AOCI ($M)** | ▲ | $406 | +36.57 | $369 |
| Loan / Deposit Ratio (%) | ▼ | 100.95% | -1.54 | 102.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.25 | 0.30% |
| Allowance / Loans (%) | — | 1.39% | 0.18% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.46 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.88% | +1.29 | 9.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▁▁▃▆█▄ | Net Interest Margin (%) | 3.69% | 3.64% | 3.65% | 3.64% | 3.68% | 3.74% | 3.79% | 3.70% |
| █▆▆▄▄▅▆▁ | Return on Assets (%) | 1.31% | 1.16% | 1.15% | 0.98% | 1.01% | 1.06% | 1.11% | 0.77% |
| ▄▄▅█▇▄▁▇ | Efficiency Ratio (%) | 54.7% | 54.7% | 54.9% | 57.5% | 56.5% | 54.5% | 52.2% | 56.4% |
| ██▇▄▅▅▄▁ | Cost of Funds (%) | 2.77% | 2.78% | 2.67% | 2.44% | 2.50% | 2.54% | 2.44% | 2.20% |
| ▅▃▂▂▁▁▃█ | NPA / Assets (%) | 0.41% | 0.33% | 0.33% | 0.30% | 0.29% | 0.25% | 0.36% | 0.55% |
| ▂▁▁▁▃▂▄█ | Net Charge-Off Ratio (%) | 0.30% | 0.22% | 0.21% | 0.21% | 0.35% | 0.30% | 0.43% | 0.67% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $338 | $349 | $356 | $362 | $370 | $380 | $392 | $398 |
| ▁▂▄▆██▇▇ | Gross Loans ($M) | $2,998 | $3,087 | $3,144 | $3,237 | $3,329 | $3,374 | $3,293 | $3,304 |
| ▁▃▃▅▇███ | Total Deposits ($M) | $2,968 | $3,050 | $3,056 | $3,120 | $3,168 | $3,224 | $3,202 | $3,227 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 18% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 17% |