Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.90% | +0.17 | 1.73% |
| Return on Equity (%) | ▲ | 16.12% | +0.67 | 15.45% |
| Net Interest Margin (%) | ▲ | 4.43% | +0.09 | 4.34% |
| Efficiency Ratio (%) | ▲ | 41.91% | -1.12 | 43.03% |
| Pre-Provision Profit ($M) | ▲ | $20 | +2.81 | $17 |
| Cost of Funds (%) | ▲ | 1.90% | -0.04 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,016 | +257.16 | $2,759 |
| Gross Loans ($M) | ▲ | $2,603 | +256.58 | $2,347 |
| Loan Growth YoY (%) | ▲ | 107.96% | +1.36 | 106.59% |
| Total Deposits ($M) | ▲ | $2,380 | +204.93 | $2,175 |
| Shareholders Equity ($M) | ▲ | $358 | +50.00 | $308 |
| Tang. Book Value ($M) | ▲ | $356 | +50.05 | $306 |
| TBV excl. AOCI ($M)** | ▲ | $361 | +48.58 | $313 |
| Loan / Deposit Ratio (%) | ▲ | 107.96% | +1.36 | 106.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.07% | +0.37 | 0.69% |
| Allowance / Loans (%) | — | 1.28% | 0.10% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 1.18% | +0.41 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.51% | +0.53 | 13.98% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇▇███ | Net Interest Margin (%) | 3.93% | 3.98% | 4.07% | 4.34% | 4.32% | 4.37% | 4.43% | 4.43% |
| ▁▂▃▅▆███ | Return on Assets (%) | 1.47% | 1.53% | 1.58% | 1.73% | 1.78% | 1.85% | 1.88% | 1.90% |
| █▇▆▂▂▁▁▁ | Efficiency Ratio (%) | 47.5% | 46.4% | 45.9% | 43.0% | 42.7% | 42.3% | 41.6% | 41.9% |
| ██▄▂▁▃▂▁ | Cost of Funds (%) | 2.22% | 2.21% | 2.06% | 1.94% | 1.91% | 2.01% | 1.94% | 1.90% |
| ▁▁▁▂▁▃██ | NPA / Assets (%) | 0.60% | 0.60% | 0.60% | 0.69% | 0.64% | 0.73% | 1.06% | 1.07% |
| ▁▁▁▃▃▄██ | Net Charge-Off Ratio (%) | 0.58% | 0.59% | 0.61% | 0.77% | 0.78% | 0.84% | 1.17% | 1.18% |
| ▁▂▃▄▄▆▇█ | Tang. Book Value ($M) | $272 | $284 | $296 | $306 | $314 | $333 | $343 | $356 |
| ▁▁▂▄▄▆▇█ | Gross Loans ($M) | $2,172 | $2,219 | $2,262 | $2,347 | $2,384 | $2,470 | $2,546 | $2,603 |
| ▁▁▂▄▄▆▇█ | Total Deposits ($M) | $2,011 | $2,047 | $2,101 | $2,175 | $2,194 | $2,268 | $2,324 | $2,380 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 23% |