Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.29 | 0.79% |
| Return on Equity (%) | ▲ | 3.14% | +0.79 | 2.35% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.40 | 3.32% |
| Efficiency Ratio (%) | ▲ | 58.10% | -7.40 | 65.51% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.28 | $6 |
| Cost of Funds (%) | ▲ | 1.16% | -0.17 | 1.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,228 | +36.12 | $2,192 |
| Gross Loans ($M) | ▼ | $1,956 | -10.47 | $1,966 |
| Loan Growth YoY (%) | ▼ | 136.63% | -2.42 | 139.05% |
| Total Deposits ($M) | ▲ | $1,418 | +16.41 | $1,401 |
| Shareholders Equity ($M) | ▲ | $766 | +20.59 | $746 |
| Tang. Book Value ($M) | ▲ | $766 | +20.59 | $746 |
| TBV excl. AOCI ($M)** | ▲ | $769 | +20.62 | $748 |
| Loan / Deposit Ratio (%) | ▼ | 136.63% | -2.42 | 139.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.38% | -0.17 | 1.54% |
| Allowance / Loans (%) | — | 0.94% | 0.06% | 0.88% |
| Net Charge-Off Ratio (%) | ▲ | 1.34% | -0.15 | 1.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 3.28% | 3.24% | 3.25% | 3.32% | 3.46% | 3.54% | 3.56% | 3.72% |
| ▁▁▁▃▃▅▄█ | Return on Assets (%) | 0.71% | 0.73% | 0.68% | 0.79% | 0.82% | 0.91% | 0.84% | 1.08% |
| ███▆▄▃▅▁ | Efficiency Ratio (%) | 68.8% | 68.9% | 69.0% | 65.5% | 63.0% | 61.4% | 63.7% | 58.1% |
| ▆██▅▂▁▁▁ | Cost of Funds (%) | 1.36% | 1.43% | 1.45% | 1.33% | 1.19% | 1.13% | 1.16% | 1.16% |
| ██▇▃▁▃▁▁ | NPA / Assets (%) | 1.87% | 1.90% | 1.80% | 1.54% | 1.44% | 1.56% | 1.42% | 1.38% |
| █▇▅▃▁▃▁▁ | Net Charge-Off Ratio (%) | 1.74% | 1.65% | 1.57% | 1.49% | 1.35% | 1.48% | 1.37% | 1.34% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $732 | $737 | $740 | $746 | $750 | $757 | $761 | $766 |
| ██▅▂▁▁▁▁ | Gross Loans ($M) | $2,006 | $2,002 | $1,981 | $1,966 | $1,954 | $1,953 | $1,956 | $1,956 |
| ▇▇█▆▁▁▆▇ | Total Deposits ($M) | $1,412 | $1,421 | $1,431 | $1,401 | $1,358 | $1,352 | $1,404 | $1,418 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 11% |