Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.92% | +0.11 | 1.81% |
| Return on Equity (%) | ▲ | 18.08% | +2.59 | 15.49% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.45 | 3.59% |
| Efficiency Ratio (%) | ▼ | 41.39% | +2.97 | 38.42% |
| Pre-Provision Profit ($M) | ▲ | $30 | +7.43 | $22 |
| Cost of Funds (%) | ▲ | 2.29% | -0.12 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,634 | +988.82 | $3,645 |
| Gross Loans ($M) | ▲ | $4,004 | +833.98 | $3,170 |
| Loan Growth YoY (%) | ▼ | 108.70% | -5.18 | 113.88% |
| Total Deposits ($M) | ▲ | $3,659 | +891.64 | $2,767 |
| Shareholders Equity ($M) | ▲ | $501 | +75.91 | $425 |
| Tang. Book Value ($M) | ▲ | $484 | +60.09 | $424 |
| TBV excl. AOCI ($M)** | ▲ | $486 | +60.66 | $426 |
| Loan / Deposit Ratio (%) | ▼ | 108.70% | -5.18 | 113.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.12 | 0.51% |
| Allowance / Loans (%) | — | 0.67% | 0.08% | 0.59% |
| Net Charge-Off Ratio (%) | ▲ | 0.42% | -0.11 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.50% | -2.60 | 19.11% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▄▃█ | Net Interest Margin (%) | 3.45% | 3.50% | 3.52% | 3.59% | 3.69% | 3.70% | 3.61% | 4.04% |
| ▁▂▃▂▄▅▁█ | Return on Assets (%) | 1.78% | 1.81% | 1.82% | 1.81% | 1.84% | 1.86% | 1.79% | 1.92% |
| ▁▁▂▃▂▃▇█ | Efficiency Ratio (%) | 36.7% | 36.7% | 37.5% | 38.4% | 37.8% | 38.1% | 40.6% | 41.4% |
| ██▇▅▅▆▁▄ | Cost of Funds (%) | 2.61% | 2.65% | 2.52% | 2.41% | 2.43% | 2.45% | 2.07% | 2.29% |
| ▁▃▇▆▂▁█▁ | NPA / Assets (%) | 0.40% | 0.44% | 0.52% | 0.51% | 0.42% | 0.38% | 0.56% | 0.39% |
| ▁▂▆▅▂▁█▁ | Net Charge-Off Ratio (%) | 0.42% | 0.46% | 0.57% | 0.53% | 0.46% | 0.41% | 0.64% | 0.42% |
| ▁▁▂▂▃▄▇█ | Tang. Book Value ($M) | $404 | $404 | $417 | $424 | $432 | $442 | $471 | $484 |
| ▁▁▁▁▁▁██ | Gross Loans ($M) | $3,093 | $3,095 | $3,161 | $3,170 | $3,129 | $3,201 | $4,063 | $4,004 |
| ▁▁▁▁▁▁██ | Total Deposits ($M) | $2,781 | $2,753 | $2,762 | $2,767 | $2,724 | $2,729 | $3,673 | $3,659 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 36% |
| Brokered / Other | 42% |