Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.60 | 0.60% |
| Return on Equity (%) | ▲ | 10.39% | +5.47 | 4.92% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.04 | 3.85% |
| Efficiency Ratio (%) | ▲ | 66.06% | -13.87 | 79.93% |
| Pre-Provision Profit ($M) | ▲ | $10 | +7.41 | $3 |
| Cost of Funds (%) | ▲ | 1.76% | -0.06 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,073 | +1481.54 | $1,591 |
| Gross Loans ($M) | ▲ | $2,292 | +1195.66 | $1,096 |
| Loan Growth YoY (%) | ▲ | 85.83% | +5.69 | 80.14% |
| Total Deposits ($M) | ▲ | $2,647 | +1293.63 | $1,354 |
| Shareholders Equity ($M) | ▲ | $363 | +168.93 | $194 |
| Tang. Book Value ($M) | ▲ | $279 | +144.27 | $134 |
| TBV excl. AOCI ($M)** | ▲ | $293 | +149.68 | $143 |
| Loan / Deposit Ratio (%) | ▲ | 85.83% | +5.69 | 80.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.05 | 0.37% |
| Allowance / Loans (%) | — | 0.86% | -0.18% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.36 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.89% | +0.88 | 12.01% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▁▂█████ | Net Interest Margin (%) | 3.86% | 2.88% | 3.11% | 3.85% | 3.84% | 3.93% | 3.97% | 3.89% |
| ▂▁▁▂▃▂▃█ | Return on Assets (%) | 0.58% | 0.42% | 0.48% | 0.60% | 0.64% | 0.58% | 0.64% | 1.20% |
| ███▇▇█▆▁ | Efficiency Ratio (%) | 81.4% | 82.4% | 81.0% | 79.9% | 78.8% | 80.6% | 78.0% | 66.1% |
| ▁█▅▂▂▃▂▁ | Cost of Funds (%) | 1.80% | 2.26% | 2.06% | 1.82% | 1.83% | 1.94% | 1.85% | 1.76% |
| ▁▁▂▄▃▃█▄ | NPA / Assets (%) | 0.14% | 0.17% | 0.24% | 0.37% | 0.33% | 0.32% | 0.73% | 0.41% |
| ▁▂▃▆▅▅█▂ | Net Charge-Off Ratio (%) | 0.00% | 0.11% | 0.23% | 0.53% | 0.45% | 0.45% | 0.80% | 0.17% |
| ▁▃▃▃▃▃▃█ | Tang. Book Value ($M) | $76 | $134 | $132 | $134 | $137 | $141 | $145 | $279 |
| ▁▂▂▂▃▃▃█ | Gross Loans ($M) | $711 | $1,090 | $1,102 | $1,096 | $1,129 | $1,155 | $1,166 | $2,292 |
| ▁▃▂▃▃▃▃█ | Total Deposits ($M) | $909 | $1,365 | $1,331 | $1,354 | $1,429 | $1,413 | $1,365 | $2,647 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 8% |