Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.21% | -0.02 | 1.24% |
| Return on Equity (%) | ▼ | 10.75% | -1.58 | 12.33% |
| Net Interest Margin (%) | ▲ | 3.66% | +0.15 | 3.51% |
| Efficiency Ratio (%) | ▼ | 55.50% | +0.21 | 55.29% |
| Pre-Provision Profit ($M) | ▲ | $21 | +1.95 | $19 |
| Cost of Funds (%) | ▲ | 1.47% | -0.31 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,416 | +423.69 | $4,992 |
| Gross Loans ($M) | ▲ | $4,191 | +199.43 | $3,992 |
| Loan Growth YoY (%) | ▲ | 93.77% | +2.28 | 91.49% |
| Total Deposits ($M) | ▲ | $4,428 | +109.31 | $4,318 |
| Shareholders Equity ($M) | ▲ | $607 | +93.49 | $513 |
| Tang. Book Value ($M) | ▲ | $503 | +99.82 | $403 |
| TBV excl. AOCI ($M)** | ▲ | $530 | +97.82 | $432 |
| Loan / Deposit Ratio (%) | ▲ | 93.77% | +2.28 | 91.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.24 | 0.49% |
| Allowance / Loans (%) | — | 0.94% | -0.08% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -0.32 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.95% | +1.57 | 11.38% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▇████ | Net Interest Margin (%) | 2.31% | 2.82% | 3.01% | 3.51% | 3.63% | 3.66% | 3.69% | 3.66% |
| ▃▁▁█████ | Return on Assets (%) | 0.48% | 0.18% | 0.29% | 1.24% | 1.30% | 1.31% | 1.27% | 1.21% |
| ███▁▁▁▁▁ | Efficiency Ratio (%) | 74.2% | 74.5% | 73.3% | 55.3% | 53.5% | 53.8% | 54.6% | 55.5% |
| ███▄▄▃▃▁ | Cost of Funds (%) | 2.10% | 2.12% | 2.10% | 1.78% | 1.72% | 1.71% | 1.66% | 1.47% |
| ▁▆▇█▄▄▁▁ | NPA / Assets (%) | 0.23% | 0.42% | 0.44% | 0.49% | 0.36% | 0.35% | 0.25% | 0.25% |
| ▁▇▇█▅▄▁▁ | Net Charge-Off Ratio (%) | 0.25% | 0.53% | 0.54% | 0.59% | 0.44% | 0.38% | 0.28% | 0.28% |
| ▁▄▄▄▇███ | Tang. Book Value ($M) | $308 | $392 | $388 | $403 | $467 | $484 | $495 | $503 |
| ▁█▇▇▇▇██ | Gross Loans ($M) | $2,870 | $4,070 | $3,994 | $3,992 | $3,998 | $4,017 | $4,068 | $4,191 |
| ▁█▇▇▇▇▇▇ | Total Deposits ($M) | $3,066 | $4,638 | $4,408 | $4,318 | $4,288 | $4,291 | $4,436 | $4,428 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 17% |
| Consumer | 2% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 7% |