Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.04 | 1.27% |
| Return on Equity (%) | ▼ | 12.11% | -0.15 | 12.26% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.06 | 3.70% |
| Efficiency Ratio (%) | ▼ | 60.85% | +1.57 | 59.28% |
| Pre-Provision Profit ($M) | ▼ | $22 | -1.65 | $23 |
| Cost of Funds (%) | ▲ | 1.58% | -0.38 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $5,690 | -305.42 | $5,996 |
| Gross Loans ($M) | ▼ | $4,528 | -233.95 | $4,762 |
| Loan Growth YoY (%) | ▲ | 99.02% | +2.33 | 96.69% |
| Total Deposits ($M) | ▼ | $4,508 | -350.68 | $4,858 |
| Shareholders Equity ($M) | ▼ | $610 | -15.85 | $626 |
| Tang. Book Value ($M) | ▼ | $600 | -15.42 | $616 |
| TBV excl. AOCI ($M)** | ▼ | $635 | -16.94 | $652 |
| Loan / Deposit Ratio (%) | ▲ | 99.02% | +2.33 | 96.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.02 | 0.16% |
| Allowance / Loans (%) | — | 1.43% | 0.07% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 0.08% | +0.00 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.99% | +0.32 | 12.66% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅███▇ | Net Interest Margin (%) | 3.53% | 3.55% | 3.59% | 3.70% | 3.79% | 3.81% | 3.82% | 3.76% |
| ▁▁▁▅██▆▆ | Return on Assets (%) | 1.17% | 1.19% | 1.17% | 1.27% | 1.37% | 1.34% | 1.31% | 1.31% |
| █▆▇▃▁▂▄▆ | Efficiency Ratio (%) | 61.9% | 60.7% | 61.1% | 59.3% | 57.9% | 58.8% | 59.6% | 60.8% |
| ▇█▇▅▅▅▂▁ | Cost of Funds (%) | 2.18% | 2.27% | 2.11% | 1.96% | 1.96% | 1.94% | 1.71% | 1.58% |
| █▁▂▂▁▁▁▂ | NPA / Assets (%) | 0.34% | 0.13% | 0.16% | 0.16% | 0.14% | 0.14% | 0.14% | 0.18% |
| █▅▂▂▁▁▁▂ | Net Charge-Off Ratio (%) | 0.23% | 0.16% | 0.08% | 0.07% | 0.04% | 0.04% | 0.05% | 0.08% |
| ▃█▂▄▅▇▁▁ | Tang. Book Value ($M) | $610 | $634 | $606 | $616 | $620 | $627 | $601 | $600 |
| ▇███▄▃▁▃ | Gross Loans ($M) | $4,712 | $4,786 | $4,762 | $4,762 | $4,605 | $4,538 | $4,428 | $4,528 |
| ▄▇▅█▅▂▁▁ | Total Deposits ($M) | $4,677 | $4,781 | $4,698 | $4,858 | $4,715 | $4,563 | $4,545 | $4,508 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 16% |