Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.02 | 1.59% |
| Return on Equity (%) | ▼ | 13.65% | -1.03 | 14.68% |
| Net Interest Margin (%) | ▼ | 4.13% | -0.13 | 4.25% |
| Efficiency Ratio (%) | ▼ | 52.14% | +1.74 | 50.39% |
| Pre-Provision Profit ($M) | ▼ | $37 | -1.25 | $38 |
| Cost of Funds (%) | ▲ | 1.58% | -0.21 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,913 | +84.36 | $7,828 |
| Gross Loans ($M) | ▼ | $5,405 | -244.14 | $5,649 |
| Loan Growth YoY (%) | ▼ | 84.20% | -1.01 | 85.21% |
| Total Deposits ($M) | ▼ | $6,338 | -211.60 | $6,550 |
| Shareholders Equity ($M) | ▲ | $935 | +76.36 | $859 |
| Tang. Book Value ($M) | ▲ | $860 | +90.19 | $770 |
| TBV excl. AOCI ($M)** | ▲ | $951 | +109.65 | $842 |
| Loan / Deposit Ratio (%) | ▼ | 84.20% | -1.01 | 85.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.03% | +0.17 | 0.86% |
| Allowance / Loans (%) | — | 1.26% | 0.06% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 1.45% | +0.31 | 1.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.15% | +1.63 | 13.52% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▆▇████▇ | Net Interest Margin (%) | 3.63% | 4.06% | 4.15% | 4.25% | 4.25% | 4.25% | 4.27% | 4.13% |
| ▁▄▅█████ | Return on Assets (%) | -0.05% | 0.69% | 0.88% | 1.59% | 1.64% | 1.67% | 1.69% | 1.60% |
| █▅▅▁▁▁▁▂ | Efficiency Ratio (%) | 73.6% | 63.6% | 63.6% | 50.4% | 49.4% | 48.5% | 48.4% | 52.1% |
| ▃█▆▃▃▃▂▁ | Cost of Funds (%) | 1.77% | 2.17% | 2.02% | 1.79% | 1.74% | 1.76% | 1.72% | 1.58% |
| ▁▁▁▅██▆▇ | NPA / Assets (%) | 0.46% | 0.49% | 0.53% | 0.86% | 1.10% | 1.17% | 0.97% | 1.03% |
| ▁▁▁▅██▇▇ | Net Charge-Off Ratio (%) | 0.58% | 0.64% | 0.68% | 1.15% | 1.53% | 1.60% | 1.38% | 1.45% |
| ▁▃▃▅▆▆██ | Tang. Book Value ($M) | $675 | $735 | $738 | $770 | $794 | $808 | $845 | $860 |
| ▇▆██▆▅▁▁ | Gross Loans ($M) | $5,620 | $5,578 | $5,675 | $5,649 | $5,592 | $5,561 | $5,388 | $5,405 |
| █▇▅▆▂▃▂▁ | Total Deposits ($M) | $6,664 | $6,614 | $6,523 | $6,550 | $6,397 | $6,420 | $6,411 | $6,338 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 5% |