Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.82% | +0.18 | 0.64% |
| Return on Equity (%) | ▲ | 8.20% | +1.78 | 6.42% |
| Net Interest Margin (%) | ▲ | 2.27% | +0.35 | 1.92% |
| Efficiency Ratio (%) | ▲ | 52.82% | -7.68 | 60.50% |
| Pre-Provision Profit ($M) | ▲ | $28 | +8.24 | $19 |
| Cost of Funds (%) | ▲ | 2.14% | -0.11 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,843 | +105.31 | $9,738 |
| Gross Loans ($M) | ▲ | $8,142 | +240.38 | $7,902 |
| Loan Growth YoY (%) | ▼ | 115.80% | -5.87 | 121.67% |
| Total Deposits ($M) | ▲ | $7,008 | +533.48 | $6,475 |
| Shareholders Equity ($M) | ▲ | $982 | +6.93 | $976 |
| Tang. Book Value ($M) | ▲ | $973 | +7.27 | $966 |
| TBV excl. AOCI ($M)** | ▼ | $1,013 | -0.33 | $1,014 |
| Loan / Deposit Ratio (%) | ▼ | 115.80% | -5.87 | 121.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.44 | 0.11% |
| Allowance / Loans (%) | — | 0.33% | 0.02% | 0.30% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.53 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 1.79% | 1.79% | 1.81% | 1.92% | 1.95% | 2.01% | 2.07% | 2.27% |
| ▁▁▂▄▆▆▇█ | Return on Assets (%) | 0.48% | 0.49% | 0.53% | 0.64% | 0.70% | 0.73% | 0.76% | 0.82% |
| ██▇▇▆▆▄▁ | Efficiency Ratio (%) | 62.2% | 61.3% | 60.5% | 60.5% | 59.5% | 58.7% | 57.3% | 52.8% |
| ▆█▇▄▄▅▄▁ | Cost of Funds (%) | 2.30% | 2.37% | 2.34% | 2.25% | 2.25% | 2.27% | 2.25% | 2.14% |
| ▁▁▁▁▇▇██ | NPA / Assets (%) | 0.09% | 0.11% | 0.12% | 0.11% | 0.50% | 0.49% | 0.50% | 0.56% |
| ▁▁▁▁▇▇▇█ | Net Charge-Off Ratio (%) | 0.11% | 0.13% | 0.14% | 0.14% | 0.60% | 0.59% | 0.59% | 0.67% |
| ▁▂▃▆███▇ | Tang. Book Value ($M) | $926 | $939 | $944 | $966 | $986 | $988 | $985 | $973 |
| ▂▁▃▁▄▇█▇ | Gross Loans ($M) | $7,963 | $7,932 | $7,985 | $7,902 | $8,050 | $8,138 | $8,206 | $8,142 |
| ▁▁▁▃▃▅▇█ | Total Deposits ($M) | $6,229 | $6,257 | $6,286 | $6,475 | $6,498 | $6,689 | $6,821 | $7,008 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 8% |