Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.63% | -0.08 | 1.71% |
| Return on Equity (%) | ▲ | 15.97% | +0.39 | 15.58% |
| Net Interest Margin (%) | ▼ | 3.53% | -0.16 | 3.69% |
| Efficiency Ratio (%) | ▼ | 33.80% | +0.10 | 33.70% |
| Pre-Provision Profit ($M) | ▲ | $46 | +2.74 | $43 |
| Cost of Funds (%) | ▲ | 2.69% | -0.23 | 2.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,655 | +554.29 | $7,101 |
| Gross Loans ($M) | ▲ | $6,135 | +490.18 | $5,645 |
| Loan Growth YoY (%) | ▲ | 94.21% | +2.53 | 91.68% |
| Total Deposits ($M) | ▲ | $6,432 | +353.86 | $6,078 |
| Shareholders Equity ($M) | ▼ | $770 | -8.41 | $779 |
| Tang. Book Value ($M) | ▼ | $769 | -8.35 | $778 |
| TBV excl. AOCI ($M)** | ▼ | $798 | -0.26 | $798 |
| Loan / Deposit Ratio (%) | ▲ | 94.21% | +2.53 | 91.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.25% | +0.94 | 1.30% |
| Allowance / Loans (%) | — | 1.22% | -0.06% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 2.76% | +1.36 | 1.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.87% | -0.99 | 11.86% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▃▄▅▅▁ | Net Interest Margin (%) | 4.13% | 4.14% | 4.14% | 3.69% | 3.77% | 3.85% | 3.85% | 3.53% |
| ██▇▂▄▅▅▁ | Return on Assets (%) | 1.99% | 1.97% | 1.92% | 1.71% | 1.77% | 1.83% | 1.84% | 1.63% |
| ▁▁▅█▆▄▄█ | Efficiency Ratio (%) | 28.1% | 28.4% | 31.0% | 33.7% | 32.0% | 30.7% | 30.4% | 33.8% |
| ██▆▃▃▃▂▁ | Cost of Funds (%) | 3.57% | 3.53% | 3.27% | 2.92% | 2.94% | 2.97% | 2.88% | 2.69% |
| ▃▁▁▅▃▃▂█ | NPA / Assets (%) | 0.84% | 0.50% | 0.35% | 1.30% | 0.91% | 0.94% | 0.72% | 2.25% |
| ▂▁▁▄▃▁▃█ | Net Charge-Off Ratio (%) | 0.75% | 0.35% | 0.17% | 1.40% | 0.91% | 0.30% | 0.85% | 2.76% |
| ▁▄▅▇▃▇█▆ | Tang. Book Value ($M) | $722 | $749 | $762 | $778 | $747 | $775 | $789 | $769 |
| ▁▂▃▃▄▆██ | Gross Loans ($M) | $5,439 | $5,581 | $5,654 | $5,645 | $5,748 | $5,882 | $6,065 | $6,135 |
| ▁▁▁▃▄▆▇█ | Total Deposits ($M) | $5,882 | $5,874 | $5,921 | $6,078 | $6,084 | $6,237 | $6,350 | $6,432 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 26% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 42% |