Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.27 | 0.89% |
| Return on Equity (%) | ▲ | 8.66% | +1.56 | 7.10% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.62 | 3.45% |
| Efficiency Ratio (%) | ▼ | 64.85% | +1.38 | 63.47% |
| Pre-Provision Profit ($M) | ▲ | $26 | +3.15 | $22 |
| Cost of Funds (%) | ▲ | 0.99% | -0.31 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,493 | +1367.31 | $7,125 |
| Gross Loans ($M) | ▲ | $5,722 | +957.39 | $4,765 |
| Loan Growth YoY (%) | ▼ | 78.00% | -2.57 | 80.57% |
| Total Deposits ($M) | ▲ | $7,259 | +1409.49 | $5,849 |
| Shareholders Equity ($M) | ▲ | $1,123 | +226.96 | $896 |
| Tang. Book Value ($M) | ▲ | $793 | +141.50 | $652 |
| TBV excl. AOCI ($M)** | ▲ | $877 | +154.27 | $723 |
| Loan / Deposit Ratio (%) | ▼ | 78.00% | -2.57 | 80.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.12 | 0.06% |
| Allowance / Loans (%) | — | 1.06% | -0.04% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.17 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.32% | -0.16 | 12.48% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▃▄█ | Net Interest Margin (%) | 3.31% | 3.34% | 3.37% | 3.45% | 3.50% | 3.57% | 3.63% | 4.07% |
| ▁▁▁▄▃▅▇█ | Return on Assets (%) | 0.66% | 0.68% | 0.71% | 0.89% | 0.84% | 0.96% | 1.07% | 1.15% |
| ▇▄▃▆▄▂▁█ | Efficiency Ratio (%) | 64.0% | 62.6% | 62.2% | 63.5% | 62.3% | 61.2% | 60.7% | 64.8% |
| ██▇▆▆▅▃▁ | Cost of Funds (%) | 1.41% | 1.47% | 1.39% | 1.30% | 1.30% | 1.24% | 1.15% | 0.99% |
| ▂▃▁▁▇██▅ | NPA / Assets (%) | 0.12% | 0.15% | 0.07% | 0.06% | 0.26% | 0.30% | 0.30% | 0.19% |
| ▂▄▁▁▇██▄ | Net Charge-Off Ratio (%) | 0.18% | 0.23% | 0.11% | 0.09% | 0.39% | 0.44% | 0.44% | 0.26% |
| ▁▂▁▂▂▃▄█ | Tang. Book Value ($M) | $620 | $646 | $634 | $652 | $660 | $673 | $690 | $793 |
| ▁▁▂▂▂▂▂█ | Gross Loans ($M) | $4,533 | $4,679 | $4,802 | $4,765 | $4,775 | $4,769 | $4,783 | $5,722 |
| ▁▁▁▂▂▂▂█ | Total Deposits ($M) | $5,519 | $5,710 | $5,689 | $5,849 | $5,787 | $5,863 | $5,927 | $7,259 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 13% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 8% |