Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.28% | +0.52 | 1.76% |
| Return on Equity (%) | ▲ | 22.44% | +5.15 | 17.29% |
| Net Interest Margin (%) | ▼ | 3.66% | -0.02 | 3.68% |
| Efficiency Ratio (%) | ▲ | 30.51% | -1.10 | 31.61% |
| Pre-Provision Profit ($M) | ▲ | $24 | +3.12 | $20 |
| Cost of Funds (%) | ▲ | 1.91% | -0.23 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,467 | +356.11 | $3,111 |
| Gross Loans ($M) | ▲ | $2,685 | +238.31 | $2,447 |
| Loan Growth YoY (%) | ▼ | 94.14% | -0.33 | 94.48% |
| Total Deposits ($M) | ▲ | $2,828 | +262.48 | $2,566 |
| Shareholders Equity ($M) | ▲ | $362 | +37.95 | $324 |
| Tang. Book Value ($M) | ▲ | $329 | +37.95 | $291 |
| TBV excl. AOCI ($M)** | ▲ | $360 | +51.11 | $309 |
| Loan / Deposit Ratio (%) | ▼ | 94.14% | -0.33 | 94.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.49% | +0.12 | 0.37% |
| Allowance / Loans (%) | — | 0.85% | -0.09% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.20 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.29% | +0.07 | 11.21% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▂▁▂▂▁ | Net Interest Margin (%) | 3.95% | 3.91% | 3.86% | 3.68% | 3.63% | 3.69% | 3.70% | 3.66% |
| ▃▄▄▁▃▃▂█ | Return on Assets (%) | 1.95% | 1.98% | 1.97% | 1.76% | 1.94% | 1.91% | 1.87% | 2.28% |
| ██▆▃▃▂▂▁ | Efficiency Ratio (%) | 34.0% | 34.4% | 33.3% | 31.6% | 31.5% | 31.1% | 31.1% | 30.5% |
| ▆█▆▄▄▄▂▁ | Cost of Funds (%) | 2.27% | 2.45% | 2.30% | 2.14% | 2.12% | 2.15% | 1.98% | 1.91% |
| ▁▁▅▅▆▇▄█ | NPA / Assets (%) | 0.21% | 0.19% | 0.36% | 0.37% | 0.40% | 0.43% | 0.33% | 0.49% |
| ▁▁▅▅▆▆▄█ | Net Charge-Off Ratio (%) | 0.24% | 0.21% | 0.42% | 0.43% | 0.49% | 0.47% | 0.40% | 0.63% |
| ▁▂▃▄▅▅▇█ | Tang. Book Value ($M) | $254 | $266 | $274 | $291 | $293 | $296 | $313 | $329 |
| ▁▂▅▅▆▇██ | Gross Loans ($M) | $2,166 | $2,279 | $2,474 | $2,447 | $2,494 | $2,582 | $2,671 | $2,685 |
| ▁▁▄▄▅▇██ | Total Deposits ($M) | $2,384 | $2,381 | $2,573 | $2,566 | $2,640 | $2,800 | $2,869 | $2,828 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 30% |
| C&I / Commercial | 39% |
| Consumer | 18% |
| Other | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 21% |