Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.33 | 0.99% |
| Return on Equity (%) | ▲ | 14.38% | +2.54 | 11.84% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.36 | 3.54% |
| Efficiency Ratio (%) | ▲ | 53.42% | -6.99 | 60.41% |
| Pre-Provision Profit ($M) | ▲ | $18 | +5.44 | $13 |
| Cost of Funds (%) | ▲ | 1.71% | -0.36 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,899 | +273.72 | $3,626 |
| Gross Loans ($M) | ▲ | $2,759 | +192.29 | $2,567 |
| Loan Growth YoY (%) | ▼ | 80.42% | -4.36 | 84.78% |
| Total Deposits ($M) | ▲ | $3,390 | +399.23 | $2,991 |
| Shareholders Equity ($M) | ▲ | $350 | +44.50 | $305 |
| Tang. Book Value ($M) | ▲ | $333 | +47.51 | $285 |
| TBV excl. AOCI ($M)** | ▲ | $363 | +53.14 | $310 |
| Loan / Deposit Ratio (%) | ▼ | 80.42% | -4.36 | 84.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.54% | +0.16 | 0.38% |
| Allowance / Loans (%) | — | 1.17% | -0.02% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.64% | +0.11 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.50% | +0.71 | 10.78% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 3.36% | 3.35% | 3.40% | 3.54% | 3.64% | 3.72% | 3.77% | 3.90% |
| ▃▃▁▅▅▆▇█ | Return on Assets (%) | 0.83% | 0.84% | 0.59% | 0.99% | 1.04% | 1.08% | 1.16% | 1.31% |
| ▇▇█▄▄▃▂▁ | Efficiency Ratio (%) | 66.1% | 65.3% | 68.4% | 60.4% | 59.8% | 58.8% | 56.7% | 53.4% |
| ▆█▃▄▄▃▃▁ | Cost of Funds (%) | 2.26% | 2.48% | 1.94% | 2.07% | 2.07% | 1.99% | 1.93% | 1.71% |
| ▁▁▃▆▆▆▆█ | NPA / Assets (%) | 0.10% | 0.09% | 0.22% | 0.38% | 0.42% | 0.38% | 0.40% | 0.54% |
| ▁▁▃▇█▅▅█ | Net Charge-Off Ratio (%) | 0.14% | 0.12% | 0.31% | 0.54% | 0.59% | 0.39% | 0.41% | 0.64% |
| ▁▁▅▆▇███ | Tang. Book Value ($M) | $174 | $188 | $271 | $285 | $295 | $313 | $326 | $333 |
| ▁▁▇▇▇███ | Gross Loans ($M) | $1,696 | $1,782 | $2,514 | $2,567 | $2,618 | $2,663 | $2,760 | $2,759 |
| ▁▁▅▆▇█▇█ | Total Deposits ($M) | $2,027 | $2,062 | $2,857 | $2,991 | $3,051 | $3,224 | $3,069 | $3,390 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 43% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 8% |