Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.30% | -0.08 | 2.37% |
| Return on Equity (%) | ▼ | 21.57% | -0.23 | 21.80% |
| Net Interest Margin (%) | ▼ | 3.99% | -0.11 | 4.10% |
| Efficiency Ratio (%) | ▲ | 30.90% | -1.91 | 32.81% |
| Pre-Provision Profit ($M) | ▲ | $66 | +10.22 | $56 |
| Cost of Funds (%) | ▼ | 0.41% | +0.01 | 0.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,786 | +1911.08 | $6,875 |
| Gross Loans ($M) | ▲ | $3,452 | +549.68 | $2,902 |
| Loan Growth YoY (%) | ▼ | 44.10% | -3.62 | 47.72% |
| Total Deposits ($M) | ▲ | $7,774 | +1741.21 | $6,032 |
| Shareholders Equity ($M) | ▲ | $911 | +145.38 | $766 |
| Tang. Book Value ($M) | ▲ | $905 | +144.37 | $761 |
| TBV excl. AOCI ($M)** | ▲ | $1,148 | +204.37 | $944 |
| Loan / Deposit Ratio (%) | ▼ | 44.10% | -3.62 | 47.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.04 | 0.28% |
| Allowance / Loans (%) | — | 0.69% | -0.12% | 0.81% |
| Net Charge-Off Ratio (%) | ▲ | 0.61% | -0.06 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 43.93% | +6.89 | 37.04% |
Noninterest income ($14.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇██▇▄ | Net Interest Margin (%) | 3.83% | 3.87% | 3.92% | 4.10% | 4.15% | 4.12% | 4.10% | 3.99% |
| ▅▁▃▄▇▇█▁ | Return on Assets (%) | 2.41% | 2.30% | 2.35% | 2.37% | 2.44% | 2.45% | 2.48% | 2.30% |
| ▁█▅█▅▄▁▄ | Efficiency Ratio (%) | 29.7% | 32.9% | 31.6% | 32.8% | 31.6% | 30.9% | 29.6% | 30.9% |
| ▇█▄▁▁▄▁▁ | Cost of Funds (%) | 0.62% | 0.66% | 0.51% | 0.40% | 0.41% | 0.50% | 0.42% | 0.41% |
| ▁▁▆██▆▆▄ | NPA / Assets (%) | 0.21% | 0.22% | 0.26% | 0.28% | 0.29% | 0.27% | 0.27% | 0.24% |
| ▁▂▅████▆ | Net Charge-Off Ratio (%) | 0.49% | 0.52% | 0.61% | 0.67% | 0.69% | 0.68% | 0.66% | 0.61% |
| ▂▁▂▃▅▅▇█ | Tang. Book Value ($M) | $710 | $679 | $713 | $761 | $804 | $815 | $875 | $905 |
| ▁▁▂▂▁▁▅█ | Gross Loans ($M) | $2,763 | $2,815 | $2,899 | $2,902 | $2,835 | $2,847 | $3,150 | $3,452 |
| ▁▁▂▂▂▄▆█ | Total Deposits ($M) | $5,678 | $5,870 | $5,960 | $6,032 | $5,981 | $6,471 | $7,059 | $7,774 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| Consumer | 8% |
| Other | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 1% |