Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.05% | -0.07 | 1.12% |
| Return on Equity (%) | ▼ | 8.28% | -1.61 | 9.89% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.32 | 3.35% |
| Efficiency Ratio (%) | ▼ | 60.99% | +0.76 | 60.23% |
| Pre-Provision Profit ($M) | ▲ | $23 | +3.93 | $19 |
| Cost of Funds (%) | ▲ | 1.65% | -0.43 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,939 | +1402.43 | $5,536 |
| Gross Loans ($M) | ▲ | $5,526 | +1028.48 | $4,498 |
| Loan Growth YoY (%) | ▼ | 91.54% | -1.25 | 92.79% |
| Total Deposits ($M) | ▲ | $5,992 | +1183.25 | $4,809 |
| Shareholders Equity ($M) | ▲ | $854 | +224.79 | $629 |
| Tang. Book Value ($M) | ▲ | $678 | +179.19 | $499 |
| TBV excl. AOCI ($M)** | ▲ | $719 | +189.01 | $530 |
| Loan / Deposit Ratio (%) | ▼ | 91.54% | -1.25 | 92.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.11 | 0.43% |
| Allowance / Loans (%) | — | 0.74% | -0.05% | 0.80% |
| Net Charge-Off Ratio (%) | — | 0.53% | 0.00 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.54% | +1.25 | 11.30% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▇██ | Net Interest Margin (%) | 3.07% | 3.11% | 3.16% | 3.35% | 3.41% | 3.54% | 3.64% | 3.67% |
| ▁▁▁▄▃▇█▂ | Return on Assets (%) | 1.01% | 1.01% | 1.03% | 1.12% | 1.08% | 1.20% | 1.25% | 1.05% |
| ███▇▅▃▁█ | Efficiency Ratio (%) | 60.8% | 61.0% | 60.8% | 60.2% | 59.1% | 57.6% | 56.3% | 61.0% |
| ██▇▅▄▅▄▁ | Cost of Funds (%) | 2.38% | 2.41% | 2.31% | 2.08% | 1.98% | 2.11% | 1.97% | 1.65% |
| ▁▃▆▆▆▆██ | NPA / Assets (%) | 0.19% | 0.32% | 0.41% | 0.43% | 0.42% | 0.42% | 0.50% | 0.55% |
| ▁▅██▄▄▇█ | Net Charge-Off Ratio (%) | 0.23% | 0.39% | 0.51% | 0.53% | 0.37% | 0.37% | 0.47% | 0.53% |
| ▁▁▁▂▆▇▇█ | Tang. Book Value ($M) | $460 | $472 | $480 | $499 | $602 | $626 | $650 | $678 |
| ▁▁▁▁▄▄▄█ | Gross Loans ($M) | $4,373 | $4,440 | $4,450 | $4,498 | $4,839 | $4,827 | $4,867 | $5,526 |
| ▁▂▂▂▆▅▄█ | Total Deposits ($M) | $4,507 | $4,718 | $4,774 | $4,809 | $5,505 | $5,390 | $5,221 | $5,992 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 12% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 9% |