Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.39% | +0.59 | 1.80% |
| Return on Equity (%) | ▲ | 21.64% | +5.25 | 16.39% |
| Net Interest Margin (%) | ▲ | 5.18% | +0.64 | 4.54% |
| Efficiency Ratio (%) | ▲ | 35.50% | -2.58 | 38.08% |
| Pre-Provision Profit ($M) | ▲ | $43 | +10.49 | $33 |
| Cost of Funds (%) | ▲ | 3.08% | -0.22 | 3.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,034 | +805.59 | $4,229 |
| Gross Loans ($M) | ▲ | $4,560 | +758.90 | $3,801 |
| Loan Growth YoY (%) | ▲ | 121.76% | +8.95 | 112.82% |
| Total Deposits ($M) | ▲ | $3,695 | +367.01 | $3,328 |
| Shareholders Equity ($M) | ▲ | $568 | +100.15 | $468 |
| Tang. Book Value ($M) | ▲ | $567 | +100.35 | $467 |
| Loan / Deposit Ratio (%) | ▲ | 121.76% | +8.95 | 112.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.78% | -0.01 | 0.79% |
| Allowance / Loans (%) | — | 1.32% | 0.11% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.66% | -0.19 | 0.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.95% | +0.22 | 12.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▄▅▁▅▄▂█ | Net Interest Margin (%) | 5.09% | 4.80% | 4.88% | 4.54% | 4.89% | 4.84% | 4.65% | 5.18% |
| ▂▂▃▁▄▅▃█ | Return on Assets (%) | 1.91% | 1.89% | 2.00% | 1.80% | 2.09% | 2.11% | 2.01% | 2.39% |
| ██▅▃▁▃▃▁ | Efficiency Ratio (%) | 43.0% | 42.3% | 40.0% | 38.1% | 36.2% | 37.6% | 38.3% | 35.5% |
| █▃█▅▅▆▁▃ | Cost of Funds (%) | 3.66% | 3.13% | 3.59% | 3.30% | 3.34% | 3.36% | 2.85% | 3.08% |
| ▇█▂▃▄▅▁▂ | NPA / Assets (%) | 0.90% | 0.94% | 0.77% | 0.79% | 0.83% | 0.84% | 0.73% | 0.78% |
| ██▄▄▆▅▃▁ | Net Charge-Off Ratio (%) | 1.02% | 1.06% | 0.83% | 0.85% | 0.92% | 0.90% | 0.80% | 0.66% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $376 | $392 | $443 | $467 | $494 | $513 | $535 | $567 |
| ▁▄▄▅▅▅██ | Gross Loans ($M) | $2,761 | $3,521 | $3,626 | $3,801 | $3,790 | $3,766 | $4,438 | $4,560 |
| ▁▅▅▆▆▅██ | Total Deposits ($M) | $2,362 | $3,162 | $3,178 | $3,328 | $3,406 | $3,295 | $3,861 | $3,695 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 5% |
| Other | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 52% |