Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.29 | 1.16% |
| Return on Equity (%) | ▲ | 15.24% | +2.09 | 13.15% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.41 | 3.55% |
| Efficiency Ratio (%) | ▲ | 46.48% | -5.35 | 51.83% |
| Pre-Provision Profit ($M) | ▲ | $24 | +6.02 | $18 |
| Cost of Funds (%) | ▲ | 0.85% | -0.19 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,371 | +196.93 | $4,174 |
| Gross Loans ($M) | ▲ | $3,097 | +264.70 | $2,832 |
| Loan Growth YoY (%) | ▲ | 78.44% | +3.93 | 74.51% |
| Total Deposits ($M) | ▲ | $3,904 | +145.37 | $3,759 |
| Shareholders Equity ($M) | ▲ | $422 | +53.32 | $368 |
| Tang. Book Value ($M) | ▲ | $421 | +53.34 | $368 |
| TBV excl. AOCI ($M)** | ▲ | $471 | +49.09 | $422 |
| Loan / Deposit Ratio (%) | ▲ | 78.44% | +3.93 | 74.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.03 | 0.28% |
| Allowance / Loans (%) | — | 1.11% | 0.00% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.03 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.14% | +0.18 | 11.96% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.15% | 3.19% | 3.28% | 3.55% | 3.61% | 3.69% | 3.76% | 3.96% |
| ▁▁▂▃▄▅▅█ | Return on Assets (%) | 1.02% | 1.04% | 1.09% | 1.16% | 1.20% | 1.24% | 1.27% | 1.45% |
| ██▇▆▅▃▂▁ | Efficiency Ratio (%) | 54.6% | 54.4% | 53.1% | 51.8% | 51.0% | 49.5% | 47.9% | 46.5% |
| █▇▆▃▃▃▂▁ | Cost of Funds (%) | 1.38% | 1.31% | 1.20% | 1.04% | 1.01% | 1.01% | 0.93% | 0.85% |
| ▁▁▁▇▆▆▆█ | NPA / Assets (%) | 0.17% | 0.17% | 0.18% | 0.28% | 0.27% | 0.26% | 0.27% | 0.31% |
| ▁▁▁▇▇▇▆█ | Net Charge-Off Ratio (%) | 0.26% | 0.27% | 0.27% | 0.42% | 0.40% | 0.40% | 0.39% | 0.44% |
| ▁▃▃▄▄▆██ | Tang. Book Value ($M) | $331 | $357 | $355 | $368 | $372 | $395 | $411 | $421 |
| ▁▁▃▄▅▆██ | Gross Loans ($M) | $2,601 | $2,623 | $2,751 | $2,832 | $2,895 | $2,920 | $3,046 | $3,097 |
| ▁▄▃▅▇██▇ | Total Deposits ($M) | $3,457 | $3,715 | $3,644 | $3,759 | $3,872 | $3,997 | $3,954 | $3,904 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 46% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 3% |