Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.22% | -0.02 | 1.25% |
| Return on Equity (%) | ▼ | 10.21% | -0.39 | 10.60% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.13 | 3.79% |
| Efficiency Ratio (%) | ▼ | 62.81% | +5.37 | 57.44% |
| Pre-Provision Profit ($M) | ▲ | $22 | +1.67 | $20 |
| Cost of Funds (%) | ▲ | 2.54% | -0.42 | 2.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,575 | +1681.28 | $4,894 |
| Gross Loans ($M) | ▲ | $5,251 | +1263.42 | $3,988 |
| Loan Growth YoY (%) | ▼ | 90.93% | -1.98 | 92.91% |
| Total Deposits ($M) | ▲ | $5,719 | +1469.92 | $4,249 |
| Shareholders Equity ($M) | ▲ | $783 | +193.70 | $590 |
| Tang. Book Value ($M) | ▲ | $728 | +157.67 | $571 |
| TBV excl. AOCI ($M)** | ▲ | $760 | +169.19 | $590 |
| Loan / Deposit Ratio (%) | ▼ | 90.93% | -1.98 | 92.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.67% | +0.11 | 0.56% |
| Allowance / Loans (%) | — | 0.98% | -0.03% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.21 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.23% | -0.46 | 12.69% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▆██▃ | Net Interest Margin (%) | 3.77% | 3.79% | 3.82% | 3.79% | 4.07% | 4.18% | 4.21% | 3.92% |
| ▁▂▂▄▇██▃ | Return on Assets (%) | 1.10% | 1.16% | 1.19% | 1.25% | 1.38% | 1.44% | 1.46% | 1.22% |
| ▅▄▄▄▂▁▁█ | Efficiency Ratio (%) | 59.1% | 57.9% | 57.4% | 57.4% | 55.0% | 53.4% | 53.8% | 62.8% |
| ██▆▄▄▅▃▁ | Cost of Funds (%) | 3.62% | 3.51% | 3.27% | 2.96% | 3.04% | 3.15% | 2.86% | 2.54% |
| ▂▁▄▂▄▄▂█ | NPA / Assets (%) | 0.55% | 0.53% | 0.58% | 0.56% | 0.58% | 0.60% | 0.56% | 0.67% |
| ▇▆█▁▁▂▁█ | Net Charge-Off Ratio (%) | 0.65% | 0.62% | 0.70% | 0.47% | 0.49% | 0.52% | 0.49% | 0.68% |
| ▁▁▁▂▃▄▄█ | Tang. Book Value ($M) | $525 | $538 | $549 | $571 | $585 | $605 | $626 | $728 |
| ▁▁▂▂▂▃▄█ | Gross Loans ($M) | $3,758 | $3,890 | $3,966 | $3,988 | $4,080 | $4,165 | $4,395 | $5,251 |
| ▁▁▂▂▂▃▄█ | Total Deposits ($M) | $3,859 | $3,995 | $4,313 | $4,249 | $4,282 | $4,373 | $4,629 | $5,719 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 42% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 22% |