Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.53% | +0.56 | 0.97% |
| Return on Equity (%) | ▲ | 15.60% | +5.60 | 10.00% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.41 | 3.72% |
| Efficiency Ratio (%) | ▲ | 50.60% | -6.77 | 57.37% |
| Pre-Provision Profit ($M) | ▲ | $44 | +13.67 | $30 |
| Cost of Funds (%) | ▲ | 2.20% | -0.50 | 2.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,843 | +1228.56 | $7,615 |
| Gross Loans ($M) | ▲ | $7,047 | +704.42 | $6,342 |
| Loan Growth YoY (%) | ▼ | 89.35% | -6.79 | 96.14% |
| Total Deposits ($M) | ▲ | $7,794 | +1268.30 | $6,526 |
| Shareholders Equity ($M) | ▲ | $946 | +235.74 | $711 |
| Tang. Book Value ($M) | ▲ | $937 | +235.74 | $701 |
| TBV excl. AOCI ($M)** | ▲ | $987 | +239.51 | $747 |
| Loan / Deposit Ratio (%) | ▼ | 89.35% | -6.79 | 96.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.80% | +0.35 | 0.45% |
| Allowance / Loans (%) | — | 1.16% | 0.10% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 1.01% | +0.46 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.13% | +2.09 | 11.05% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▇█ | Net Interest Margin (%) | 3.52% | 3.59% | 3.64% | 3.72% | 3.84% | 3.88% | 4.00% | 4.14% |
| ▂▂▂▂▃▁▂█ | Return on Assets (%) | 0.97% | 0.89% | 0.98% | 0.97% | 1.00% | 0.80% | 0.97% | 1.53% |
| ▇█▇▅▄▄▂▁ | Efficiency Ratio (%) | 60.5% | 63.6% | 60.5% | 57.4% | 55.7% | 55.7% | 53.8% | 50.6% |
| ███▆▆▅▄▁ | Cost of Funds (%) | 2.96% | 2.96% | 2.90% | 2.70% | 2.70% | 2.64% | 2.51% | 2.20% |
| ▁▁▁▁▂██▅ | NPA / Assets (%) | 0.43% | 0.42% | 0.45% | 0.45% | 0.51% | 0.99% | 1.05% | 0.80% |
| ▁▁▁▁▁██▆ | Net Charge-Off Ratio (%) | 0.53% | 0.53% | 0.54% | 0.54% | 0.60% | 1.20% | 1.28% | 1.01% |
| ▁▁▂▁▁▁▁█ | Tang. Book Value ($M) | $687 | $708 | $722 | $701 | $718 | $710 | $717 | $937 |
| ▁▁▂▄▆▇▇█ | Gross Loans ($M) | $5,839 | $5,897 | $6,034 | $6,342 | $6,613 | $6,782 | $6,810 | $7,047 |
| ▁▂▁▃▄▆▇█ | Total Deposits ($M) | $6,210 | $6,316 | $6,015 | $6,526 | $6,825 | $7,137 | $7,432 | $7,794 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 30% |