Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.25 | 1.39% |
| Return on Equity (%) | ▲ | 15.85% | +3.26 | 12.59% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.30 | 3.55% |
| Efficiency Ratio (%) | ▲ | 36.18% | -3.63 | 39.81% |
| Pre-Provision Profit ($M) | ▲ | $30 | +7.53 | $22 |
| Cost of Funds (%) | ▲ | 1.81% | -0.26 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,032 | +788.22 | $4,243 |
| Gross Loans ($M) | ▲ | $4,213 | +588.91 | $3,624 |
| Loan Growth YoY (%) | ▼ | 93.01% | -2.70 | 95.70% |
| Total Deposits ($M) | ▲ | $4,480 | +734.01 | $3,746 |
| Shareholders Equity ($M) | ▲ | $512 | +50.19 | $462 |
| Tang. Book Value ($M) | ▲ | $511 | +50.66 | $460 |
| TBV excl. AOCI ($M)** | ▲ | $515 | +50.37 | $465 |
| Loan / Deposit Ratio (%) | ▼ | 93.01% | -2.70 | 95.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.01 | 0.04% |
| Allowance / Loans (%) | — | 1.10% | 0.02% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.02 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.67% | -0.80 | 12.48% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 3.44% | 3.46% | 3.51% | 3.55% | 3.61% | 3.66% | 3.71% | 3.85% |
| ▁▁▁▂▃▄▆█ | Return on Assets (%) | 1.35% | 1.32% | 1.36% | 1.39% | 1.44% | 1.48% | 1.52% | 1.64% |
| ██▇▇▆▅▅▁ | Efficiency Ratio (%) | 40.4% | 40.2% | 39.6% | 39.8% | 39.0% | 38.5% | 38.4% | 36.2% |
| ▅▇█▅▅▅▃▁ | Cost of Funds (%) | 2.06% | 2.17% | 2.28% | 2.07% | 2.08% | 2.10% | 1.95% | 1.81% |
| ▄▃▂▁▃▁█▅ | NPA / Assets (%) | 0.05% | 0.05% | 0.05% | 0.04% | 0.05% | 0.05% | 0.07% | 0.06% |
| ▃▂▁▁▄▂█▆ | Net Charge-Off Ratio (%) | 0.06% | 0.05% | 0.05% | 0.05% | 0.06% | 0.05% | 0.08% | 0.07% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $439 | $446 | $454 | $460 | $472 | $485 | $500 | $511 |
| ▁▂▃▃▅▆▇█ | Gross Loans ($M) | $3,272 | $3,463 | $3,536 | $3,624 | $3,758 | $3,887 | $4,075 | $4,213 |
| ▁▂▃▄▅▆▇█ | Total Deposits ($M) | $3,159 | $3,409 | $3,567 | $3,746 | $3,904 | $4,112 | $4,210 | $4,480 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 9% |