Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.32% | -0.19 | 1.51% |
| Return on Equity (%) | ▼ | 16.31% | -2.58 | 18.89% |
| Net Interest Margin (%) | ▲ | 2.73% | +0.04 | 2.70% |
| Efficiency Ratio (%) | ▲ | 29.14% | -4.80 | 33.95% |
| Pre-Provision Profit ($M) | ▲ | $33 | +5.94 | $27 |
| Cost of Funds (%) | ▲ | 1.91% | -0.51 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,810 | +1399.56 | $5,411 |
| Gross Loans ($M) | ▲ | $4,388 | +542.20 | $3,846 |
| Loan Growth YoY (%) | ▼ | 74.78% | -9.97 | 84.75% |
| Total Deposits ($M) | ▲ | $5,831 | +1321.22 | $4,510 |
| Shareholders Equity ($M) | ▲ | $513 | +39.48 | $474 |
| Tang. Book Value ($M) | ▲ | $498 | +40.21 | $458 |
| TBV excl. AOCI ($M)** | ▲ | $543 | +45.99 | $497 |
| Loan / Deposit Ratio (%) | ▼ | 74.78% | -9.97 | 84.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.02 | 0.26% |
| Allowance / Loans (%) | — | 0.63% | 0.01% | 0.62% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.08 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.74% | -0.39 | 11.13% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▄▁▂▆█▃ | Net Interest Margin (%) | 2.81% | 2.79% | 2.74% | 2.70% | 2.72% | 2.77% | 2.80% | 2.73% |
| ▁▃▂█▆▆█▄ | Return on Assets (%) | 1.20% | 1.28% | 1.28% | 1.51% | 1.43% | 1.40% | 1.50% | 1.32% |
| ██▇▆▅▅▄▁ | Efficiency Ratio (%) | 36.3% | 36.2% | 35.3% | 33.9% | 33.5% | 32.8% | 31.9% | 29.1% |
| ██▄▅▅▆▄▁ | Cost of Funds (%) | 2.70% | 2.78% | 2.34% | 2.41% | 2.38% | 2.52% | 2.31% | 1.91% |
| █▃▁▁▁▁▁▂ | NPA / Assets (%) | 0.55% | 0.30% | 0.22% | 0.26% | 0.24% | 0.23% | 0.24% | 0.28% |
| █▄▁▁▁▁▁▄ | Net Charge-Off Ratio (%) | 0.53% | 0.37% | 0.24% | 0.26% | 0.24% | 0.23% | 0.25% | 0.34% |
| ▁▄▃▅▆███ | Tang. Book Value ($M) | $398 | $443 | $424 | $458 | $466 | $492 | $499 | $498 |
| ▁▁▃▃▆▆▇█ | Gross Loans ($M) | $3,581 | $3,535 | $3,854 | $3,846 | $4,091 | $4,123 | $4,207 | $4,388 |
| ▁▁▅▂▄▃▄█ | Total Deposits ($M) | $4,140 | $4,310 | $5,162 | $4,510 | $4,802 | $4,754 | $4,875 | $5,831 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 34% |
| C&I / Commercial | 49% |
| Consumer | 10% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 15% |