Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.69% | -0.02 | 1.71% |
| Return on Equity (%) | ▼ | 18.12% | -0.80 | 18.92% |
| Net Interest Margin (%) | ▼ | 4.28% | -0.49 | 4.77% |
| Efficiency Ratio (%) | ▼ | 60.23% | +6.07 | 54.16% |
| Pre-Provision Profit ($M) | ▼ | $19 | -1.66 | $20 |
| Cost of Funds (%) | ▲ | 1.18% | -0.09 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,270 | +697.07 | $3,573 |
| Gross Loans ($M) | ▲ | $3,465 | +549.17 | $2,915 |
| Loan Growth YoY (%) | ▲ | 98.54% | +2.46 | 96.08% |
| Total Deposits ($M) | ▲ | $3,454 | +472.70 | $2,981 |
| Shareholders Equity ($M) | ▲ | $396 | +66.78 | $329 |
| Tang. Book Value ($M) | ▲ | $396 | +66.78 | $329 |
| TBV excl. AOCI ($M)** | ▲ | $422 | +72.29 | $350 |
| Loan / Deposit Ratio (%) | ▲ | 98.54% | +2.46 | 96.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.13 | 0.40% |
| Allowance / Loans (%) | — | 1.76% | 0.01% | 1.75% |
| Net Charge-Off Ratio (%) | ▼ | 0.65% | +0.16 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.11% | +0.17 | 9.94% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▆▇▇▇██▁ | Net Interest Margin (%) | 4.56% | 4.65% | 4.73% | 4.77% | 4.77% | 4.87% | 4.80% | 4.28% |
| ▁▂▃▆▆██▆ | Return on Assets (%) | 1.08% | 1.24% | 1.37% | 1.71% | 1.66% | 1.85% | 1.93% | 1.69% |
| █▆▆▁▃▃▃▇ | Efficiency Ratio (%) | 61.8% | 59.7% | 59.3% | 54.2% | 56.6% | 56.2% | 56.6% | 60.2% |
| ██▄▃▂▃▁▂ | Cost of Funds (%) | 1.65% | 1.72% | 1.37% | 1.27% | 1.25% | 1.29% | 1.10% | 1.18% |
| █▃▁▃▁▄▄▅ | NPA / Assets (%) | 0.75% | 0.39% | 0.26% | 0.40% | 0.25% | 0.45% | 0.47% | 0.53% |
| ▂▁▁▅▁▆▇█ | Net Charge-Off Ratio (%) | 0.36% | 0.32% | 0.32% | 0.49% | 0.31% | 0.55% | 0.57% | 0.65% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $280 | $303 | $310 | $329 | $346 | $364 | $382 | $396 |
| ▁▂▃▄▅▅▇█ | Gross Loans ($M) | $2,550 | $2,708 | $2,840 | $2,915 | $3,065 | $3,075 | $3,336 | $3,465 |
| ▁▁▃▄▆▆▆█ | Total Deposits ($M) | $2,581 | $2,662 | $2,844 | $2,981 | $3,151 | $3,225 | $3,176 | $3,454 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 20% |
| Consumer | 6% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 44% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 5% |