Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.27 | 0.94% |
| Return on Equity (%) | ▲ | 12.91% | +2.89 | 10.02% |
| Net Interest Margin (%) | ▼ | 2.50% | -0.13 | 2.63% |
| Efficiency Ratio (%) | ▲ | 31.81% | -7.05 | 38.86% |
| Pre-Provision Profit ($M) | ▲ | $26 | +9.11 | $17 |
| Cost of Funds (%) | ▲ | 2.44% | -0.19 | 2.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,048 | +760.73 | $5,287 |
| Gross Loans ($M) | ▲ | $4,557 | +329.95 | $4,228 |
| Loan Growth YoY (%) | ▼ | 82.65% | -5.73 | 88.38% |
| Total Deposits ($M) | ▲ | $5,387 | +717.93 | $4,669 |
| Shareholders Equity ($M) | ▲ | $564 | +65.95 | $498 |
| Tang. Book Value ($M) | ▲ | $564 | +65.95 | $498 |
| TBV excl. AOCI ($M)** | ▲ | $600 | +68.15 | $532 |
| Loan / Deposit Ratio (%) | ▼ | 82.65% | -5.73 | 88.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 2.31% | -0.08% | 2.40% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.14% | +0.79 | 12.35% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▃▄▆▆▁ | Net Interest Margin (%) | 2.85% | 2.88% | 2.88% | 2.63% | 2.69% | 2.75% | 2.77% | 2.50% |
| █▇█▁▂▄▆▅ | Return on Assets (%) | 1.44% | 1.38% | 1.45% | 0.94% | 1.06% | 1.19% | 1.27% | 1.21% |
| ▁▁▁█▇▅▄▄ | Efficiency Ratio (%) | 26.1% | 27.6% | 26.6% | 38.9% | 35.9% | 33.4% | 31.3% | 31.8% |
| ▇█▆▄▄▂▁▁ | Cost of Funds (%) | 2.81% | 2.88% | 2.73% | 2.64% | 2.63% | 2.53% | 2.48% | 2.44% |
| ▁▁▁▁█▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $447 | $467 | $485 | $498 | $510 | $528 | $548 | $564 |
| ▁▃▄▅▅▆██ | Gross Loans ($M) | $3,855 | $4,037 | $4,168 | $4,228 | $4,295 | $4,389 | $4,580 | $4,557 |
| ▁▁▁▂▁▄▆█ | Total Deposits ($M) | $4,481 | $4,449 | $4,455 | $4,669 | $4,521 | $4,861 | $5,148 | $5,387 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 29% |