Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.45 | 0.78% |
| Return on Equity (%) | ▲ | 8.83% | +3.07 | 5.76% |
| Net Interest Margin (%) | ▲ | 2.97% | +0.21 | 2.75% |
| Efficiency Ratio (%) | ▲ | 48.58% | -12.66 | 61.23% |
| Pre-Provision Profit ($M) | ▲ | $13 | +4.67 | $8 |
| Cost of Funds (%) | ▲ | 2.74% | -0.26 | 3.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,156 | +122.28 | $3,034 |
| Gross Loans ($M) | ▲ | $2,180 | +45.06 | $2,135 |
| Loan Growth YoY (%) | ▲ | 113.45% | +5.00 | 108.45% |
| Total Deposits ($M) | ▼ | $1,895 | -45.38 | $1,941 |
| Shareholders Equity ($M) | ▲ | $431 | +22.58 | $409 |
| Tang. Book Value ($M) | ▲ | $406 | +23.40 | $382 |
| TBV excl. AOCI ($M)** | ▲ | $438 | +24.62 | $413 |
| Loan / Deposit Ratio (%) | ▲ | 113.45% | +5.00 | 108.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.04 | 0.62% |
| Allowance / Loans (%) | — | 1.36% | -0.05% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 0.79% | -0.05 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.59% | -2.78 | 20.36% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▂▄▅█ | Net Interest Margin (%) | 2.98% | 2.97% | 2.93% | 2.75% | 2.79% | 2.86% | 2.89% | 2.97% |
| ▆▄▅▁▂▃▄█ | Return on Assets (%) | 1.07% | 1.00% | 1.03% | 0.78% | 0.86% | 0.94% | 0.99% | 1.24% |
| ▆▇▆█▇▆▅▁ | Efficiency Ratio (%) | 57.0% | 59.1% | 57.7% | 61.2% | 59.4% | 57.8% | 56.4% | 48.6% |
| ▆█▅▅▆▅▃▁ | Cost of Funds (%) | 3.08% | 3.21% | 3.03% | 3.01% | 3.08% | 3.00% | 2.92% | 2.74% |
| ▇▇█▁▂▂▅▂ | NPA / Assets (%) | 0.86% | 0.85% | 0.90% | 0.62% | 0.67% | 0.66% | 0.78% | 0.66% |
| ▂▂█▃▄▁▆▁ | Net Charge-Off Ratio (%) | 0.83% | 0.82% | 0.99% | 0.84% | 0.87% | 0.79% | 0.92% | 0.79% |
| ▁▃▃▄▅▆▇█ | Tang. Book Value ($M) | $363 | $374 | $374 | $382 | $386 | $394 | $400 | $406 |
| ▁▂▆▁▃▄██ | Gross Loans ($M) | $2,136 | $2,141 | $2,164 | $2,135 | $2,147 | $2,156 | $2,180 | $2,180 |
| ▁▂▄█▆▅▇▇ | Total Deposits ($M) | $1,730 | $1,760 | $1,822 | $1,941 | $1,863 | $1,854 | $1,896 | $1,895 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 102% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 14% |