Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.16 | 0.89% |
| Return on Equity (%) | ▲ | 11.23% | +1.74 | 9.49% |
| Net Interest Margin (%) | ▲ | 3.43% | +0.05 | 3.38% |
| Efficiency Ratio (%) | ▲ | 62.49% | -4.47 | 66.97% |
| Pre-Provision Profit ($M) | ▲ | $26 | +5.17 | $20 |
| Cost of Funds (%) | ▲ | 2.05% | -0.19 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,535 | +607.94 | $6,927 |
| Gross Loans ($M) | ▲ | $5,976 | +533.95 | $5,442 |
| Loan Growth YoY (%) | ▲ | 92.34% | +0.28 | 92.06% |
| Total Deposits ($M) | ▲ | $6,381 | +551.94 | $5,829 |
| Shareholders Equity ($M) | ▲ | $714 | +61.32 | $653 |
| Tang. Book Value ($M) | ▲ | $713 | +61.34 | $652 |
| TBV excl. AOCI ($M)** | ▲ | $762 | +65.84 | $696 |
| Loan / Deposit Ratio (%) | ▲ | 92.34% | +0.28 | 92.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.10 | 0.21% |
| Allowance / Loans (%) | — | 1.41% | 0.01% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 0.39% | +0.14 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.56% | -0.12 | 11.68% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▁▃▄▃ | Net Interest Margin (%) | 3.53% | 3.53% | 3.54% | 3.38% | 3.39% | 3.43% | 3.45% | 3.43% |
| ▃▃▃▁▁▂▂█ | Return on Assets (%) | 0.94% | 0.94% | 0.92% | 0.89% | 0.87% | 0.90% | 0.92% | 1.06% |
| █▇██▆▃▃▁ | Efficiency Ratio (%) | 67.0% | 66.2% | 66.7% | 67.0% | 65.6% | 63.6% | 63.8% | 62.5% |
| ▆██▅▆▇▄▁ | Cost of Funds (%) | 2.28% | 2.37% | 2.38% | 2.24% | 2.26% | 2.32% | 2.19% | 2.05% |
| ▃▁▁▅▅▅▅█ | NPA / Assets (%) | 0.12% | 0.04% | 0.04% | 0.21% | 0.18% | 0.20% | 0.18% | 0.31% |
| ▁▁▁▅▅▅▅█ | Net Charge-Off Ratio (%) | 0.05% | 0.04% | 0.03% | 0.25% | 0.21% | 0.25% | 0.22% | 0.39% |
| ▁▂▂▃▅▇▇█ | Tang. Book Value ($M) | $616 | $637 | $633 | $652 | $667 | $693 | $696 | $713 |
| ▁▂▃▂▅▇██ | Gross Loans ($M) | $5,282 | $5,381 | $5,533 | $5,442 | $5,694 | $5,856 | $5,976 | $5,976 |
| ▁▁▁▃▆█▇█ | Total Deposits ($M) | $5,562 | $5,564 | $5,615 | $5,829 | $6,128 | $6,295 | $6,272 | $6,381 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 19% |