Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.23 | 0.96% |
| Return on Equity (%) | ▲ | 10.42% | +1.53 | 8.89% |
| Net Interest Margin (%) | ▲ | 2.98% | +0.26 | 2.71% |
| Efficiency Ratio (%) | ▲ | 46.24% | -2.89 | 49.13% |
| Pre-Provision Profit ($M) | ▲ | $15 | +2.16 | $12 |
| Cost of Funds (%) | ▲ | 2.21% | -0.28 | 2.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,666 | +73.72 | $3,593 |
| Gross Loans ($M) | ▲ | $2,938 | +125.68 | $2,812 |
| Loan Growth YoY (%) | ▲ | 105.93% | +7.10 | 98.82% |
| Total Deposits ($M) | ▼ | $2,743 | -68.88 | $2,812 |
| Shareholders Equity ($M) | ▲ | $418 | +29.43 | $389 |
| Tang. Book Value ($M) | ▲ | $408 | +29.43 | $379 |
| TBV excl. AOCI ($M)** | ▲ | $419 | +25.64 | $393 |
| Loan / Deposit Ratio (%) | ▲ | 105.93% | +7.10 | 98.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.99% | -0.03 | 1.02% |
| Allowance / Loans (%) | — | 1.09% | -0.09% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 1.07% | -0.05 | 1.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.80% | +0.41 | 12.38% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▃▆▆▇█ | Net Interest Margin (%) | 2.67% | 2.59% | 2.62% | 2.71% | 2.86% | 2.84% | 2.89% | 2.98% |
| ▂▁▁▂▄▄▆█ | Return on Assets (%) | 0.97% | 0.91% | 0.94% | 0.96% | 1.03% | 1.05% | 1.12% | 1.19% |
| ▆█▆█▆▃▁▂ | Efficiency Ratio (%) | 48.1% | 49.1% | 48.0% | 49.1% | 48.1% | 46.5% | 45.5% | 46.2% |
| ▇█▆▆▆▁▄▁ | Cost of Funds (%) | 2.57% | 2.63% | 2.50% | 2.50% | 2.48% | 2.26% | 2.39% | 2.21% |
| █▇▅▄▄▁▁▁ | NPA / Assets (%) | 1.08% | 1.06% | 1.03% | 1.02% | 1.02% | 0.98% | 0.98% | 0.99% |
| ██▆▂▂▁▁▁ | Net Charge-Off Ratio (%) | 1.40% | 1.38% | 1.30% | 1.12% | 1.13% | 1.07% | 1.06% | 1.07% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $362 | $367 | $372 | $379 | $385 | $393 | $401 | $408 |
| ▁▁▄▄▃█▇█ | Gross Loans ($M) | $2,720 | $2,748 | $2,824 | $2,812 | $2,797 | $2,955 | $2,918 | $2,938 |
| ▄▄▅█▁▇▄▅ | Total Deposits ($M) | $2,727 | $2,728 | $2,741 | $2,812 | $2,665 | $2,787 | $2,735 | $2,743 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 31% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 36% |