Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.21 | 1.01% |
| Return on Equity (%) | ▲ | 11.61% | +1.39 | 10.22% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.46 | 3.28% |
| Efficiency Ratio (%) | ▲ | 55.19% | -0.38 | 55.57% |
| Pre-Provision Profit ($M) | ▲ | $25 | +3.74 | $22 |
| Cost of Funds (%) | ▲ | 1.56% | -0.29 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,203 | +27.50 | $6,176 |
| Gross Loans ($M) | ▲ | $4,872 | +78.86 | $4,793 |
| Loan Growth YoY (%) | ▲ | 87.67% | +1.02 | 86.64% |
| Total Deposits ($M) | ▲ | $5,491 | +25.58 | $5,465 |
| Shareholders Equity ($M) | ▲ | $661 | +43.53 | $617 |
| Tang. Book Value ($M) | ▲ | $565 | +52.37 | $512 |
| TBV excl. AOCI ($M)** | ▲ | $598 | +52.83 | $545 |
| Loan / Deposit Ratio (%) | ▲ | 87.67% | +1.02 | 86.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.05% | +0.78 | 0.27% |
| Allowance / Loans (%) | — | 1.20% | -0.01% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 1.33% | +0.99 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.18% | +1.09 | 11.09% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▄█ | Net Interest Margin (%) | 3.17% | 3.20% | 3.19% | 3.28% | 3.36% | 3.39% | 3.45% | 3.74% |
| ▁▁▂▅▆▅▆█ | Return on Assets (%) | 0.78% | 0.81% | 0.86% | 1.01% | 1.06% | 1.05% | 1.08% | 1.22% |
| ██▆▂▁▁▁▂ | Efficiency Ratio (%) | 62.4% | 61.4% | 59.9% | 55.6% | 54.6% | 54.5% | 54.0% | 55.2% |
| ███▆▅▃▄▁ | Cost of Funds (%) | 2.02% | 2.03% | 1.99% | 1.86% | 1.85% | 1.73% | 1.76% | 1.56% |
| ▁▁▁▁▁▂▄█ | NPA / Assets (%) | 0.26% | 0.26% | 0.34% | 0.27% | 0.28% | 0.39% | 0.65% | 1.05% |
| ▁▁▂▁▁▂▄█ | Net Charge-Off Ratio (%) | 0.32% | 0.31% | 0.44% | 0.34% | 0.35% | 0.50% | 0.82% | 1.33% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $475 | $487 | $497 | $512 | $525 | $539 | $550 | $565 |
| ▁▂▃▃▆▇█▆ | Gross Loans ($M) | $4,734 | $4,761 | $4,792 | $4,793 | $4,862 | $4,904 | $4,933 | $4,872 |
| ▁▂█▇▄██▇ | Total Deposits ($M) | $5,153 | $5,232 | $5,536 | $5,465 | $5,319 | $5,533 | $5,557 | $5,491 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 13% |