Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.25 | 0.92% |
| Return on Equity (%) | ▲ | 12.89% | +2.04 | 10.85% |
| Net Interest Margin (%) | ▲ | 2.71% | +0.30 | 2.41% |
| Efficiency Ratio (%) | ▲ | 46.69% | -5.56 | 52.25% |
| Pre-Provision Profit ($M) | ▲ | $15 | +3.37 | $12 |
| Cost of Funds (%) | ▲ | 2.14% | -0.23 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,010 | +25.81 | $3,985 |
| Gross Loans ($M) | ▼ | $2,992 | -24.74 | $3,016 |
| Loan Growth YoY (%) | ▼ | 88.61% | -1.09 | 89.70% |
| Total Deposits ($M) | ▲ | $3,342 | +12.94 | $3,329 |
| Shareholders Equity ($M) | ▲ | $369 | +26.67 | $343 |
| Tang. Book Value ($M) | ▲ | $369 | +26.67 | $343 |
| TBV excl. AOCI ($M)** | ▲ | $392 | +22.16 | $370 |
| Loan / Deposit Ratio (%) | ▼ | 88.61% | -1.09 | 89.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.02% | 0.01% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.61% | +0.61 | 11.99% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▆█ | Net Interest Margin (%) | 2.06% | 2.08% | 2.13% | 2.41% | 2.43% | 2.48% | 2.53% | 2.71% |
| ▁▁▁▄▄▅▅█ | Return on Assets (%) | 0.71% | 0.72% | 0.75% | 0.92% | 0.92% | 0.97% | 0.94% | 1.16% |
| ███▄▄▄▃▁ | Efficiency Ratio (%) | 58.8% | 58.5% | 57.9% | 52.2% | 52.3% | 51.7% | 50.5% | 46.7% |
| ███▃▄▄▂▁ | Cost of Funds (%) | 2.89% | 2.91% | 2.82% | 2.38% | 2.46% | 2.50% | 2.27% | 2.14% |
| █▄▃▃▁▁▁▁ | NPA / Assets (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▄▃▃▁▁▁▁ | Net Charge-Off Ratio (%) | 0.02% | 0.01% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▁▃▃▆██ | Tang. Book Value ($M) | $332 | $343 | $334 | $343 | $344 | $357 | $366 | $369 |
| ▅█▆█▁▇▆▄ | Gross Loans ($M) | $2,999 | $3,021 | $3,005 | $3,016 | $2,966 | $3,009 | $3,002 | $2,992 |
| ▁▃▅▄▆▄█▅ | Total Deposits ($M) | $3,186 | $3,284 | $3,362 | $3,329 | $3,397 | $3,313 | $3,475 | $3,342 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |