Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.03 | 1.33% |
| Return on Equity (%) | ▲ | 13.53% | +0.64 | 12.89% |
| Net Interest Margin (%) | ▼ | 3.16% | -0.14 | 3.30% |
| Efficiency Ratio (%) | ▲ | 38.39% | -4.00 | 42.39% |
| Pre-Provision Profit ($M) | ▲ | $18 | +3.33 | $14 |
| Cost of Funds (%) | ▲ | 2.20% | -0.17 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,543 | +568.74 | $2,974 |
| Gross Loans ($M) | ▲ | $2,711 | +349.11 | $2,362 |
| Loan Growth YoY (%) | ▼ | 90.02% | -2.39 | 92.41% |
| Total Deposits ($M) | ▲ | $2,992 | +456.34 | $2,536 |
| Shareholders Equity ($M) | ▲ | $355 | +48.02 | $307 |
| Tang. Book Value ($M) | ▲ | $312 | +48.16 | $264 |
| TBV excl. AOCI ($M)** | ▲ | $345 | +62.00 | $283 |
| Loan / Deposit Ratio (%) | ▼ | 90.02% | -2.39 | 92.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.60% | +0.01 | 0.59% |
| Allowance / Loans (%) | — | 0.66% | -0.15% | 0.80% |
| Net Charge-Off Ratio (%) | ▼ | 0.78% | +0.04 | 0.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.87% | +0.34 | 10.53% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▅▂▂▂▁ | Net Interest Margin (%) | 3.41% | 3.38% | 3.38% | 3.30% | 3.22% | 3.22% | 3.21% | 3.16% |
| █▂▂▁▅▇▅▂ | Return on Assets (%) | 1.47% | 1.36% | 1.36% | 1.33% | 1.41% | 1.45% | 1.41% | 1.36% |
| █▇██▇▆▄▁ | Efficiency Ratio (%) | 41.9% | 41.6% | 42.3% | 42.4% | 41.6% | 41.0% | 40.2% | 38.4% |
| ▆██▃▃▆▂▁ | Cost of Funds (%) | 2.57% | 2.70% | 2.69% | 2.37% | 2.34% | 2.52% | 2.32% | 2.20% |
| ▇▄█▄▁▃▃▄ | NPA / Assets (%) | 0.70% | 0.61% | 0.79% | 0.59% | 0.43% | 0.55% | 0.54% | 0.60% |
| ▇▅█▄▁▄▃▅ | Net Charge-Off Ratio (%) | 0.92% | 0.81% | 0.98% | 0.74% | 0.58% | 0.74% | 0.72% | 0.78% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $233 | $249 | $250 | $264 | $276 | $292 | $304 | $312 |
| ▁▂▃▄▅▅▇█ | Gross Loans ($M) | $2,120 | $2,197 | $2,289 | $2,362 | $2,463 | $2,482 | $2,626 | $2,711 |
| ▁▂▁▃▇▆██ | Total Deposits ($M) | $2,372 | $2,506 | $2,427 | $2,536 | $2,859 | $2,837 | $2,923 | $2,992 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 33% |
| C&I / Commercial | 41% |
| Consumer | 17% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 18% |