Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.32% | -0.05 | 0.37% |
| Return on Equity (%) | ▼ | 3.12% | -0.87 | 3.99% |
| Net Interest Margin (%) | ▲ | 2.80% | +0.07 | 2.73% |
| Efficiency Ratio (%) | ▼ | 79.85% | +5.11 | 74.74% |
| Pre-Provision Profit ($M) | ▼ | $10 | -1.77 | $12 |
| Cost of Funds (%) | ▲ | 2.17% | -0.22 | 2.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,913 | +68.98 | $6,844 |
| Gross Loans ($M) | ▲ | $5,730 | +32.05 | $5,698 |
| Loan Growth YoY (%) | ▲ | 102.89% | +0.20 | 102.69% |
| Total Deposits ($M) | ▲ | $5,517 | +30.72 | $5,486 |
| Shareholders Equity ($M) | ▲ | $705 | +69.09 | $636 |
| Tang. Book Value ($M) | ▲ | $678 | +67.66 | $610 |
| TBV excl. AOCI ($M)** | ▲ | $715 | +69.11 | $646 |
| Loan / Deposit Ratio (%) | ▲ | 102.89% | +0.20 | 102.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.55% | -0.04 | 0.59% |
| Allowance / Loans (%) | — | 0.94% | -0.19% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.67% | -0.04 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.85% | +1.15 | 11.70% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▇▇███ | Net Interest Margin (%) | 2.36% | 2.36% | 2.39% | 2.73% | 2.72% | 2.75% | 2.78% | 2.80% |
| ▁▁▁▁▂█▇▁ | Return on Assets (%) | 0.37% | 0.33% | 0.35% | 0.37% | 0.47% | 1.09% | 0.97% | 0.32% |
| ███▆▆▁▂█ | Efficiency Ratio (%) | 80.7% | 80.0% | 80.3% | 74.7% | 73.8% | 57.4% | 61.1% | 79.8% |
| ▇█▆▃▂▂▂▁ | Cost of Funds (%) | 2.79% | 2.95% | 2.68% | 2.39% | 2.34% | 2.37% | 2.31% | 2.17% |
| ▂█▇▆▁▁▇▅ | NPA / Assets (%) | 0.44% | 0.69% | 0.63% | 0.59% | 0.40% | 0.40% | 0.65% | 0.55% |
| ▂█▇▆▁▁█▅ | Net Charge-Off Ratio (%) | 0.53% | 0.83% | 0.75% | 0.71% | 0.48% | 0.48% | 0.79% | 0.67% |
| ▁▂▁▂▃▇██ | Tang. Book Value ($M) | $591 | $603 | $601 | $610 | $620 | $663 | $677 | $678 |
| █▆▃▁▄▅▁▂ | Gross Loans ($M) | $5,868 | $5,807 | $5,744 | $5,698 | $5,768 | $5,785 | $5,712 | $5,730 |
| █▇▂▄▁▃█▅ | Total Deposits ($M) | $5,581 | $5,559 | $5,441 | $5,486 | $5,410 | $5,455 | $5,570 | $5,517 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 12% |