Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.56% | +0.18 | 1.38% |
| Return on Equity (%) | ▲ | 16.87% | +1.99 | 14.88% |
| Net Interest Margin (%) | ▼ | 2.98% | -0.19 | 3.17% |
| Efficiency Ratio (%) | ▲ | 33.63% | -3.17 | 36.80% |
| Pre-Provision Profit ($M) | ▲ | $23 | +3.58 | $20 |
| Cost of Funds (%) | ▲ | 2.02% | -0.25 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,463 | +705.90 | $3,757 |
| Gross Loans ($M) | ▲ | $3,106 | +407.80 | $2,698 |
| Loan Growth YoY (%) | ▼ | 81.13% | -3.18 | 84.30% |
| Total Deposits ($M) | ▲ | $3,806 | +632.55 | $3,173 |
| Shareholders Equity ($M) | ▲ | $420 | +67.26 | $353 |
| Tang. Book Value ($M) | ▲ | $367 | +67.28 | $299 |
| TBV excl. AOCI ($M)** | ▲ | $415 | +85.06 | $330 |
| Loan / Deposit Ratio (%) | ▼ | 81.13% | -3.18 | 84.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.12 | 0.39% |
| Allowance / Loans (%) | — | 0.59% | -0.26% | 0.85% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.00 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.12% | +0.38 | 10.74% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▆█▄▄▅▁ | Net Interest Margin (%) | 3.09% | 3.10% | 3.10% | 3.17% | 3.06% | 3.06% | 3.08% | 2.98% |
| ▇▁▁▁▂▅▄█ | Return on Assets (%) | 1.53% | 1.37% | 1.38% | 1.38% | 1.42% | 1.48% | 1.46% | 1.56% |
| ██▇▆▅▄▃▁ | Efficiency Ratio (%) | 38.1% | 37.7% | 37.4% | 36.8% | 36.2% | 35.6% | 35.1% | 33.6% |
| ▇█▇▄▄▆▃▁ | Cost of Funds (%) | 2.52% | 2.61% | 2.49% | 2.26% | 2.25% | 2.44% | 2.20% | 2.02% |
| ▁█▇▆▅▄▅▁ | NPA / Assets (%) | 0.30% | 0.45% | 0.42% | 0.39% | 0.38% | 0.36% | 0.38% | 0.28% |
| ▁█▆▅▅▄▇▅ | Net Charge-Off Ratio (%) | 0.26% | 0.50% | 0.44% | 0.40% | 0.39% | 0.38% | 0.47% | 0.40% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $258 | $281 | $281 | $299 | $315 | $336 | $354 | $367 |
| ▁▁▃▄▆▇██ | Gross Loans ($M) | $2,445 | $2,504 | $2,631 | $2,698 | $2,919 | $2,971 | $3,058 | $3,106 |
| ▁▂▂▃▅▆██ | Total Deposits ($M) | $2,913 | $3,062 | $3,098 | $3,173 | $3,464 | $3,562 | $3,835 | $3,806 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 30% |
| C&I / Commercial | 46% |
| Consumer | 17% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 14% |