Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.82% | -0.05 | 0.87% |
| Return on Equity (%) | ▲ | 7.33% | +0.16 | 7.17% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.36 | 3.46% |
| Efficiency Ratio (%) | ▲ | 60.49% | -2.88 | 63.36% |
| Pre-Provision Profit ($M) | ▲ | $26 | +9.47 | $16 |
| Cost of Funds (%) | ▲ | 2.33% | -0.35 | 2.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,175 | +2046.05 | $5,129 |
| Gross Loans ($M) | ▲ | $6,273 | +1808.61 | $4,465 |
| Loan Growth YoY (%) | ▼ | 101.49% | -0.71 | 102.19% |
| Total Deposits ($M) | ▲ | $6,102 | +1771.07 | $4,331 |
| Shareholders Equity ($M) | ▲ | $791 | +171.62 | $619 |
| Tang. Book Value ($M) | ▲ | $752 | +135.99 | $616 |
| TBV excl. AOCI ($M)** | ▲ | $766 | +138.12 | $628 |
| Loan / Deposit Ratio (%) | ▼ | 101.49% | -0.71 | 102.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.80% | +0.58 | 0.22% |
| Allowance / Loans (%) | — | 1.28% | 0.42% | 0.86% |
| Net Charge-Off Ratio (%) | ▼ | 0.91% | +0.66 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.44% | -1.50 | 12.93% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▁▄▅▆█ | Net Interest Margin (%) | 3.48% | 3.49% | 3.42% | 3.46% | 3.61% | 3.64% | 3.67% | 3.82% |
| ▁▁▂▅▇█▆▄ | Return on Assets (%) | 0.69% | 0.67% | 0.73% | 0.87% | 0.98% | 1.02% | 0.90% | 0.82% |
| █▅▅█▂▁█▂ | Efficiency Ratio (%) | 63.9% | 62.1% | 62.2% | 63.4% | 60.2% | 59.6% | 63.5% | 60.5% |
| ▆▆█▅▄▄▁▁ | Cost of Funds (%) | 2.78% | 2.86% | 3.08% | 2.68% | 2.62% | 2.57% | 2.25% | 2.33% |
| ▄▂▁▁▁▁▆█ | NPA / Assets (%) | 0.44% | 0.33% | 0.28% | 0.22% | 0.24% | 0.21% | 0.63% | 0.80% |
| ▄▂▁▁▁▁▆█ | Net Charge-Off Ratio (%) | 0.51% | 0.38% | 0.32% | 0.25% | 0.27% | 0.24% | 0.72% | 0.91% |
| ▁▁▁▂▃▃██ | Tang. Book Value ($M) | $590 | $591 | $604 | $616 | $631 | $648 | $740 | $752 |
| ▁▁▁▂▂▃██ | Gross Loans ($M) | $4,097 | $4,249 | $4,333 | $4,465 | $4,541 | $4,715 | $6,052 | $6,273 |
| ▁▁▁▂▂▃██ | Total Deposits ($M) | $3,923 | $4,047 | $4,182 | $4,331 | $4,277 | $4,571 | $5,859 | $6,102 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 17% |
| Consumer | 4% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 22% |