Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.01 | 1.79% |
| Return on Equity (%) | ▼ | 12.91% | -1.73 | 14.64% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.25 | 3.28% |
| Efficiency Ratio (%) | ▼ | 44.58% | +2.11 | 42.46% |
| Pre-Provision Profit ($M) | ▲ | $45 | +4.01 | $41 |
| Cost of Funds (%) | ▲ | 1.60% | -0.19 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,405 | +329.09 | $8,076 |
| Gross Loans ($M) | ▲ | $4,561 | +351.67 | $4,210 |
| Loan Growth YoY (%) | ▲ | 66.85% | +4.06 | 62.79% |
| Total Deposits ($M) | ▲ | $6,670 | +136.17 | $6,534 |
| Shareholders Equity ($M) | ▲ | $1,136 | +136.76 | $999 |
| Tang. Book Value ($M) | ▲ | $1,121 | +136.76 | $984 |
| TBV excl. AOCI ($M)** | ▲ | $1,279 | +144.53 | $1,135 |
| Loan / Deposit Ratio (%) | ▲ | 66.85% | +4.06 | 62.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.01 | 0.06% |
| Allowance / Loans (%) | — | 2.25% | -0.29% | 2.54% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.03 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.47% | +0.42 | 20.05% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 3.07% | 3.06% | 3.14% | 3.28% | 3.37% | 3.39% | 3.45% | 3.53% |
| ▂▁▃█████ | Return on Assets (%) | 1.58% | 1.51% | 1.62% | 1.79% | 1.77% | 1.79% | 1.81% | 1.79% |
| ██▄▁▂▁▁▇ | Efficiency Ratio (%) | 45.3% | 45.1% | 43.6% | 42.5% | 42.7% | 42.1% | 42.1% | 44.6% |
| ▇██▄▄▃▃▁ | Cost of Funds (%) | 1.95% | 2.02% | 1.99% | 1.79% | 1.80% | 1.74% | 1.75% | 1.60% |
| ▂▁█▁▆▄▅▃ | NPA / Assets (%) | 0.07% | 0.07% | 0.10% | 0.06% | 0.09% | 0.08% | 0.09% | 0.07% |
| ▂▄█▁▆▅▆▄ | Net Charge-Off Ratio (%) | 0.12% | 0.13% | 0.18% | 0.10% | 0.16% | 0.15% | 0.15% | 0.14% |
| ▃▅▁▂▂▆█▇ | Tang. Book Value ($M) | $1,001 | $1,085 | $942 | $984 | $994 | $1,105 | $1,175 | $1,121 |
| ▁▁▃▂▃▆▇█ | Gross Loans ($M) | $4,136 | $4,173 | $4,289 | $4,210 | $4,288 | $4,427 | $4,501 | $4,561 |
| ▁▃▅▅▆█▆█ | Total Deposits ($M) | $6,221 | $6,398 | $6,473 | $6,534 | $6,568 | $6,721 | $6,564 | $6,670 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 17% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |