Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +0.19 | 1.20% |
| Return on Equity (%) | ▲ | 13.42% | +0.90 | 12.52% |
| Net Interest Margin (%) | ▼ | 3.10% | -0.06 | 3.16% |
| Efficiency Ratio (%) | ▲ | 43.19% | -1.93 | 45.12% |
| Pre-Provision Profit ($M) | ▲ | $21 | +1.52 | $19 |
| Cost of Funds (%) | ▲ | 1.97% | -0.20 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,515 | +267.34 | $4,248 |
| Gross Loans ($M) | ▲ | $3,389 | +243.67 | $3,146 |
| Loan Growth YoY (%) | ▲ | 90.57% | +1.43 | 89.14% |
| Total Deposits ($M) | ▲ | $3,720 | +213.75 | $3,506 |
| Shareholders Equity ($M) | ▲ | $469 | +55.32 | $414 |
| Tang. Book Value ($M) | ▲ | $394 | +55.36 | $339 |
| TBV excl. AOCI ($M)** | ▲ | $435 | +58.14 | $377 |
| Loan / Deposit Ratio (%) | ▲ | 90.57% | +1.43 | 89.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.07 | 0.23% |
| Allowance / Loans (%) | — | 0.59% | -0.05% | 0.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.13 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.35% | +0.54 | 10.80% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃█▇██▇ | Net Interest Margin (%) | 2.85% | 2.88% | 2.93% | 3.16% | 3.12% | 3.13% | 3.13% | 3.10% |
| ▁▁▁▅▅▆▆█ | Return on Assets (%) | 1.02% | 1.01% | 1.03% | 1.20% | 1.22% | 1.29% | 1.27% | 1.39% |
| ██▆▂▂▁▁▁ | Efficiency Ratio (%) | 52.1% | 51.0% | 49.6% | 45.1% | 44.9% | 43.8% | 43.5% | 43.2% |
| ██▅▃▃▄▂▁ | Cost of Funds (%) | 2.56% | 2.58% | 2.33% | 2.17% | 2.16% | 2.20% | 2.05% | 1.97% |
| ▄▅▅█▃▁▁▂ | NPA / Assets (%) | 0.18% | 0.19% | 0.19% | 0.23% | 0.17% | 0.15% | 0.14% | 0.16% |
| ▆▆▆█▂▁▁▂ | Net Charge-Off Ratio (%) | 0.26% | 0.27% | 0.26% | 0.31% | 0.18% | 0.17% | 0.15% | 0.18% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $297 | $322 | $320 | $339 | $353 | $374 | $390 | $394 |
| ▁▃▄▅▇███ | Gross Loans ($M) | $2,826 | $2,999 | $3,042 | $3,146 | $3,309 | $3,347 | $3,319 | $3,389 |
| ▁▁▂▃▆█▇▇ | Total Deposits ($M) | $3,387 | $3,410 | $3,457 | $3,506 | $3,655 | $3,800 | $3,715 | $3,720 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 39% |
| C&I / Commercial | 36% |
| Consumer | 17% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 18% |