Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.94% | +0.01 | 0.93% |
| Return on Equity (%) | ▼ | 7.04% | -0.23 | 7.27% |
| Net Interest Margin (%) | ▲ | 2.71% | +0.08 | 2.64% |
| Efficiency Ratio (%) | ▼ | 57.65% | +0.13 | 57.53% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.29 | $7 |
| Cost of Funds (%) | ▼ | 0.86% | +0.06 | 0.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,472 | +20.41 | $2,452 |
| Gross Loans ($M) | ▼ | $499 | -25.73 | $525 |
| Loan Growth YoY (%) | ▼ | 23.18% | -1.23 | 24.41% |
| Total Deposits ($M) | ▲ | $2,127 | +1.80 | $2,125 |
| Shareholders Equity ($M) | ▲ | $332 | +18.15 | $314 |
| Tang. Book Value ($M) | ▲ | $332 | +18.09 | $314 |
| TBV excl. AOCI ($M)** | ▲ | $397 | +22.13 | $375 |
| Loan / Deposit Ratio (%) | ▼ | 23.18% | -1.23 | 24.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.02 | 0.03% |
| Allowance / Loans (%) | — | 1.19% | 0.05% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.10 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 53.17% | +2.97 | 50.21% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▇▇███ | Net Interest Margin (%) | 2.40% | 2.48% | 2.52% | 2.64% | 2.67% | 2.70% | 2.68% | 2.71% |
| ▁▃▄▇███▇ | Return on Assets (%) | 0.77% | 0.83% | 0.87% | 0.93% | 0.96% | 0.97% | 0.97% | 0.94% |
| █▆▅▂▁▁▁▂ | Efficiency Ratio (%) | 62.8% | 61.2% | 60.1% | 57.5% | 56.5% | 56.2% | 56.5% | 57.7% |
| ▁▃▄▅▇██▇ | Cost of Funds (%) | 0.62% | 0.71% | 0.77% | 0.79% | 0.87% | 0.92% | 0.92% | 0.86% |
| ▄▄▄▁▂▄█▃ | NPA / Assets (%) | 0.05% | 0.05% | 0.05% | 0.03% | 0.04% | 0.05% | 0.08% | 0.04% |
| ▃▃▄▁▂▄█▄ | Net Charge-Off Ratio (%) | 0.21% | 0.20% | 0.23% | 0.12% | 0.18% | 0.23% | 0.37% | 0.22% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $303 | $306 | $309 | $314 | $318 | $323 | $328 | $332 |
| █▇▆▅▅▄▂▁ | Gross Loans ($M) | $544 | $537 | $529 | $525 | $524 | $519 | $510 | $499 |
| ▁▁▁▆██▇▆ | Total Deposits ($M) | $2,087 | $2,086 | $2,080 | $2,125 | $2,144 | $2,148 | $2,135 | $2,127 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 8% |