Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.17 | 0.98% |
| Return on Equity (%) | ▲ | 9.69% | +1.07 | 8.62% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.15 | 3.52% |
| Efficiency Ratio (%) | ▲ | 60.85% | -2.46 | 63.31% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.69 | $7 |
| Cost of Funds (%) | ▲ | 2.17% | -0.34 | 2.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,253 | -64.35 | $2,318 |
| Gross Loans ($M) | ▼ | $1,819 | -37.41 | $1,857 |
| Loan Growth YoY (%) | ▲ | 92.40% | +1.29 | 91.11% |
| Total Deposits ($M) | ▼ | $1,947 | -64.44 | $2,011 |
| Shareholders Equity ($M) | ▲ | $269 | +3.10 | $266 |
| Tang. Book Value ($M) | ▲ | $252 | +4.30 | $247 |
| TBV excl. AOCI ($M)** | ▲ | $260 | +0.56 | $259 |
| Loan / Deposit Ratio (%) | ▲ | 92.40% | +1.29 | 91.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.73% | -0.41 | 1.14% |
| Allowance / Loans (%) | — | 1.10% | -0.19% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.91% | -0.52 | 1.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.05% | +0.56 | 12.49% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▃▅█▆█ | Net Interest Margin (%) | 3.49% | 3.43% | 3.44% | 3.52% | 3.58% | 3.70% | 3.63% | 3.68% |
| ▇▁▂▇▃▅▆█ | Return on Assets (%) | 1.02% | 0.38% | 0.53% | 0.98% | 0.58% | 0.79% | 0.87% | 1.14% |
| ▂█▆▂▁▁▁▁ | Efficiency Ratio (%) | 65.2% | 78.3% | 73.8% | 63.3% | 62.5% | 62.4% | 61.5% | 60.8% |
| █▅█▅▅▃▂▁ | Cost of Funds (%) | 2.72% | 2.51% | 2.68% | 2.51% | 2.49% | 2.36% | 2.30% | 2.17% |
| ▂▁██▅▅▅▅ | NPA / Assets (%) | 0.27% | 0.10% | 1.16% | 1.14% | 0.74% | 0.75% | 0.73% | 0.73% |
| ▂▁██▅▅▅▅ | Net Charge-Off Ratio (%) | 0.34% | 0.13% | 1.48% | 1.43% | 0.90% | 0.93% | 0.91% | 0.91% |
| ▁▄▄▇▂▅▇█ | Tang. Book Value ($M) | $233 | $242 | $242 | $247 | $237 | $244 | $248 | $252 |
| ▁█▇██▇▇▇ | Gross Loans ($M) | $1,573 | $1,831 | $1,819 | $1,857 | $1,839 | $1,794 | $1,816 | $1,819 |
| ▁███▆▆▇▆ | Total Deposits ($M) | $1,700 | $2,047 | $2,033 | $2,011 | $1,939 | $1,933 | $1,981 | $1,947 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 13% |