Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.71% | -0.56 | 3.27% |
| Return on Equity (%) | ▼ | 33.85% | -6.30 | 40.15% |
| Net Interest Margin (%) | ▼ | 4.82% | -0.04 | 4.86% |
| Efficiency Ratio (%) | ▼ | 26.99% | +3.79 | 23.20% |
| Pre-Provision Profit ($M) | ▼ | $59 | -7.00 | $66 |
| Cost of Funds (%) | ▼ | 3.51% | +0.02 | 3.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,763 | +382.31 | $6,380 |
| Gross Loans ($M) | ▲ | $6,243 | +389.41 | $5,854 |
| Loan Growth YoY (%) | ▲ | 161.00% | +5.98 | 155.02% |
| Total Deposits ($M) | ▲ | $3,835 | +100.56 | $3,735 |
| Shareholders Equity ($M) | ▲ | $541 | +15.86 | $525 |
| Tang. Book Value ($M) | ▲ | $535 | +16.26 | $518 |
| TBV excl. AOCI ($M)** | ▲ | $539 | +16.29 | $522 |
| Loan / Deposit Ratio (%) | ▲ | 161.00% | +5.98 | 155.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.85% | +0.30 | 1.55% |
| Allowance / Loans (%) | — | 1.10% | -0.00% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 1.88% | +0.26 | 1.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.17% | -0.62 | 15.79% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▄▆▄▆▅▁ | Net Interest Margin (%) | 4.88% | 4.86% | 4.85% | 4.86% | 4.85% | 4.86% | 4.86% | 4.82% |
| ▃▄▄█▅▄▄▁ | Return on Assets (%) | 2.90% | 2.94% | 2.95% | 3.27% | 3.02% | 2.92% | 2.94% | 2.71% |
| ▃▂▁▁▃▄▄█ | Efficiency Ratio (%) | 24.4% | 24.1% | 23.6% | 23.2% | 24.6% | 24.9% | 24.7% | 27.0% |
| ▁▄█▅▆▆▆▆ | Cost of Funds (%) | 3.40% | 3.47% | 3.57% | 3.50% | 3.51% | 3.53% | 3.51% | 3.51% |
| ▁▂▃▄▆▆██ | NPA / Assets (%) | 1.29% | 1.36% | 1.43% | 1.55% | 1.70% | 1.67% | 1.78% | 1.85% |
| ▁▁▂▅▇▆██ | Net Charge-Off Ratio (%) | 1.32% | 1.38% | 1.46% | 1.62% | 1.76% | 1.74% | 1.82% | 1.88% |
| ▄▄▁▄▅▅▇█ | Tang. Book Value ($M) | $515 | $516 | $502 | $518 | $520 | $522 | $529 | $535 |
| ▁▂▄▄▆▇██ | Gross Loans ($M) | $5,503 | $5,685 | $5,851 | $5,854 | $5,968 | $6,079 | $6,210 | $6,243 |
| ▁▃▄▆▆███ | Total Deposits ($M) | $3,545 | $3,627 | $3,686 | $3,735 | $3,739 | $3,820 | $3,837 | $3,835 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 55% |