Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.58% | +0.30 | 0.28% |
| Return on Equity (%) | ▲ | 4.54% | +2.11 | 2.43% |
| Net Interest Margin (%) | ▲ | 2.63% | +0.54 | 2.09% |
| Efficiency Ratio (%) | ▲ | 73.46% | -13.07 | 86.53% |
| Pre-Provision Profit ($M) | ▲ | $11 | +6.48 | $4 |
| Cost of Funds (%) | ▲ | 1.80% | -0.18 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,154 | +14.74 | $6,139 |
| Gross Loans ($M) | ▲ | $3,707 | +137.85 | $3,569 |
| Loan Growth YoY (%) | ▲ | 70.51% | +3.52 | 66.99% |
| Total Deposits ($M) | ▼ | $5,208 | -68.29 | $5,277 |
| Shareholders Equity ($M) | ▲ | $794 | +68.47 | $726 |
| Tang. Book Value ($M) | ▲ | $780 | +68.47 | $712 |
| TBV excl. AOCI ($M)** | ▲ | $880 | +67.15 | $813 |
| Loan / Deposit Ratio (%) | ▲ | 70.51% | +3.52 | 66.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.08 | 0.04% |
| Allowance / Loans (%) | — | 0.93% | -0.03% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.20% | +0.13 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.02% | +0.64 | 17.38% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 1.85% | 1.90% | 1.95% | 2.09% | 2.20% | 2.29% | 2.36% | 2.63% |
| ▃▃▁▂▄▇██ | Return on Assets (%) | 0.34% | 0.34% | 0.20% | 0.28% | 0.37% | 0.53% | 0.54% | 0.58% |
| ██▇▆▃▁▁▁ | Efficiency Ratio (%) | 92.9% | 91.4% | 89.7% | 86.5% | 79.6% | 74.9% | 74.5% | 73.5% |
| █▆▅▃▃▃▂▁ | Cost of Funds (%) | 2.36% | 2.16% | 2.09% | 1.98% | 1.99% | 1.98% | 1.92% | 1.80% |
| ▂▃▂▁████ | NPA / Assets (%) | 0.06% | 0.06% | 0.05% | 0.04% | 0.11% | 0.12% | 0.12% | 0.12% |
| ▂▃▂▁████ | Net Charge-Off Ratio (%) | 0.09% | 0.10% | 0.09% | 0.06% | 0.19% | 0.21% | 0.20% | 0.20% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $654 | $696 | $692 | $712 | $724 | $749 | $777 | $780 |
| █▆▄▁▁▁▆█ | Gross Loans ($M) | $3,694 | $3,653 | $3,617 | $3,569 | $3,561 | $3,577 | $3,663 | $3,707 |
| ▁▄▇█▇▇▇▆ | Total Deposits ($M) | $5,048 | $5,153 | $5,230 | $5,277 | $5,234 | $5,222 | $5,225 | $5,208 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 12% |