Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.58 | 1.00% |
| Return on Equity (%) | ▲ | 14.09% | +3.88 | 10.21% |
| Net Interest Margin (%) | ▲ | 4.36% | +1.33 | 3.03% |
| Efficiency Ratio (%) | ▲ | 58.70% | -17.55 | 76.25% |
| Pre-Provision Profit ($M) | ▲ | $14 | +9.51 | $5 |
| Cost of Funds (%) | ▲ | 2.06% | -0.24 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,866 | +1139.62 | $2,726 |
| Gross Loans ($M) | ▲ | $3,068 | +961.18 | $2,107 |
| Loan Growth YoY (%) | ▲ | 93.67% | +5.09 | 88.58% |
| Total Deposits ($M) | ▲ | $3,237 | +888.31 | $2,348 |
| Shareholders Equity ($M) | ▲ | $438 | +164.49 | $274 |
| Tang. Book Value ($M) | ▲ | $366 | +133.91 | $232 |
| TBV excl. AOCI ($M)** | ▲ | $389 | +137.54 | $252 |
| Loan / Deposit Ratio (%) | ▲ | 93.67% | +5.09 | 88.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.61% | +0.18 | 0.43% |
| Allowance / Loans (%) | — | 1.17% | -0.08% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.66% | +0.40 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.11% | +0.97 | 12.14% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▃▃█ | Net Interest Margin (%) | 2.82% | 2.85% | 2.87% | 3.03% | 3.12% | 3.22% | 3.27% | 4.36% |
| ▁▁▂▃▂▂▂█ | Return on Assets (%) | 0.70% | 0.75% | 0.81% | 1.00% | 0.86% | 0.87% | 0.89% | 1.58% |
| ▇▇▆█▇▆▆▁ | Efficiency Ratio (%) | 72.9% | 72.7% | 70.8% | 76.3% | 74.0% | 71.7% | 70.1% | 58.7% |
| ███▄▃▃▂▁ | Cost of Funds (%) | 2.57% | 2.61% | 2.55% | 2.30% | 2.23% | 2.22% | 2.13% | 2.06% |
| ▁▁▆▄▅▄▄█ | NPA / Assets (%) | 0.30% | 0.32% | 0.52% | 0.43% | 0.48% | 0.44% | 0.45% | 0.61% |
| ▁▁▄▂▃▃▄█ | Net Charge-Off Ratio (%) | 0.23% | 0.19% | 0.42% | 0.27% | 0.36% | 0.36% | 0.43% | 0.66% |
| ▁▂▁▁▁▃▃█ | Tang. Book Value ($M) | $230 | $244 | $221 | $232 | $236 | $268 | $272 | $366 |
| ▁▁▁▁▁▁▁█ | Gross Loans ($M) | $2,167 | $2,156 | $2,125 | $2,107 | $2,106 | $2,151 | $2,176 | $3,068 |
| ▁▁▂▂▂▂▂█ | Total Deposits ($M) | $2,211 | $2,289 | $2,347 | $2,348 | $2,357 | $2,381 | $2,360 | $3,237 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 17% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |