Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.62% | +0.20 | 0.42% |
| Return on Equity (%) | ▲ | 5.34% | +1.49 | 3.85% |
| Net Interest Margin (%) | ▲ | 2.81% | +0.58 | 2.23% |
| Efficiency Ratio (%) | ▲ | 66.81% | -9.23 | 76.03% |
| Pre-Provision Profit ($M) | ▲ | $9 | +3.84 | $5 |
| Cost of Funds (%) | ▲ | 2.10% | -0.32 | 2.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $4,025 | -38.04 | $4,063 |
| Gross Loans ($M) | ▲ | $3,277 | +98.43 | $3,178 |
| Loan Growth YoY (%) | ▲ | 104.28% | +4.18 | 100.10% |
| Total Deposits ($M) | ▼ | $3,116 | -31.73 | $3,147 |
| Shareholders Equity ($M) | ▲ | $473 | +25.85 | $447 |
| Tang. Book Value ($M) | ▲ | $439 | +25.99 | $413 |
| TBV excl. AOCI ($M)** | ▲ | $464 | +25.41 | $438 |
| Loan / Deposit Ratio (%) | ▲ | 104.28% | +4.18 | 100.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.05 | 0.38% |
| Allowance / Loans (%) | — | 0.85% | -0.03% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 0.52% | +0.04 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.73% | +0.42 | 16.31% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▄▅█ | Net Interest Margin (%) | 2.05% | 2.06% | 2.07% | 2.23% | 2.37% | 2.40% | 2.46% | 2.81% |
| ▂▁▁▃▄▄▄█ | Return on Assets (%) | 0.38% | 0.34% | 0.33% | 0.42% | 0.46% | 0.45% | 0.44% | 0.62% |
| ███▆▅▆▅▁ | Efficiency Ratio (%) | 79.8% | 81.1% | 81.5% | 76.0% | 75.1% | 76.3% | 75.8% | 66.8% |
| ███▆▅▄▂▁ | Cost of Funds (%) | 2.53% | 2.59% | 2.55% | 2.43% | 2.37% | 2.29% | 2.22% | 2.10% |
| ▁▁▂▅██▇▆ | NPA / Assets (%) | 0.20% | 0.17% | 0.22% | 0.38% | 0.53% | 0.53% | 0.47% | 0.43% |
| ▁▁▂▅██▇▆ | Net Charge-Off Ratio (%) | 0.24% | 0.22% | 0.28% | 0.48% | 0.66% | 0.66% | 0.58% | 0.52% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $397 | $402 | $405 | $413 | $420 | $426 | $434 | $439 |
| ▄▁▂▁▁▅▇█ | Gross Loans ($M) | $3,216 | $3,187 | $3,194 | $3,178 | $3,186 | $3,236 | $3,260 | $3,277 |
| ▁▄▇█▇▆██ | Total Deposits ($M) | $2,855 | $2,999 | $3,087 | $3,147 | $3,085 | $3,067 | $3,150 | $3,116 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 9% |