Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.24 | 1.18% |
| Return on Equity (%) | ▲ | 13.32% | +1.27 | 12.05% |
| Net Interest Margin (%) | ▲ | 3.79% | +0.33 | 3.47% |
| Efficiency Ratio (%) | ▲ | 52.82% | -1.86 | 54.67% |
| Pre-Provision Profit ($M) | ▲ | $29 | +3.64 | $25 |
| Cost of Funds (%) | ▲ | 1.79% | -0.31 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $6,255 | -47.65 | $6,303 |
| Gross Loans ($M) | ▲ | $4,629 | +74.96 | $4,554 |
| Loan Growth YoY (%) | ▲ | 85.70% | +2.64 | 83.05% |
| Total Deposits ($M) | ▼ | $5,349 | -74.81 | $5,424 |
| Shareholders Equity ($M) | ▲ | $670 | +53.80 | $616 |
| Tang. Book Value ($M) | ▲ | $620 | +53.54 | $566 |
| TBV excl. AOCI ($M)** | ▲ | $674 | +55.82 | $618 |
| Loan / Deposit Ratio (%) | ▲ | 85.70% | +2.64 | 83.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.62% | -0.01 | 0.64% |
| Allowance / Loans (%) | — | 0.96% | -0.11% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.83% | -0.05 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.71% | +1.25 | 11.46% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▇▇█ | Net Interest Margin (%) | 3.03% | 3.04% | 3.06% | 3.47% | 3.56% | 3.63% | 3.68% | 3.79% |
| ▅▆▁▇████ | Return on Assets (%) | 0.63% | 0.73% | -0.50% | 1.18% | 1.20% | 1.26% | 1.28% | 1.42% |
| █▇▆▁▁▁▁▁ | Efficiency Ratio (%) | 81.9% | 75.1% | 73.3% | 54.7% | 55.3% | 54.7% | 54.5% | 52.8% |
| ███▅▅▄▃▁ | Cost of Funds (%) | 2.39% | 2.36% | 2.33% | 2.10% | 2.14% | 2.02% | 1.98% | 1.79% |
| ▁██▇▄▄▅▇ | NPA / Assets (%) | 0.41% | 0.67% | 0.68% | 0.64% | 0.53% | 0.55% | 0.57% | 0.62% |
| ▁██▇▄▄▅▆ | Net Charge-Off Ratio (%) | 0.56% | 0.92% | 0.92% | 0.88% | 0.71% | 0.74% | 0.77% | 0.83% |
| ▁▂▅▆▆▇██ | Tang. Book Value ($M) | $462 | $493 | $545 | $566 | $577 | $595 | $612 | $620 |
| ▂▁▃▅▅▆█▇ | Gross Loans ($M) | $4,464 | $4,405 | $4,481 | $4,554 | $4,538 | $4,593 | $4,661 | $4,629 |
| ▁▆▁█▂▇▅▆ | Total Deposits ($M) | $5,150 | $5,325 | $5,155 | $5,424 | $5,197 | $5,371 | $5,290 | $5,349 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 13% |
| Consumer | 18% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 12% |