Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.29 | 0.86% |
| Return on Equity (%) | ▲ | 7.33% | +1.76 | 5.57% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.58 | 3.05% |
| Efficiency Ratio (%) | ▲ | 54.34% | -11.27 | 65.61% |
| Pre-Provision Profit ($M) | ▲ | $14 | +5.34 | $8 |
| Cost of Funds (%) | ▲ | 2.49% | -0.35 | 2.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,289 | +212.63 | $3,077 |
| Gross Loans ($M) | ▲ | $2,727 | +324.54 | $2,402 |
| Loan Growth YoY (%) | ▲ | 125.72% | +8.56 | 117.16% |
| Total Deposits ($M) | ▲ | $2,148 | +117.27 | $2,031 |
| Shareholders Equity ($M) | ▲ | $515 | +39.06 | $476 |
| Tang. Book Value ($M) | ▲ | $515 | +38.96 | $476 |
| TBV excl. AOCI ($M)** | ▲ | $532 | +33.42 | $499 |
| Loan / Deposit Ratio (%) | ▲ | 125.72% | +8.56 | 117.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.62% | -0.27 | 0.89% |
| Allowance / Loans (%) | — | 0.96% | 0.01% | 0.96% |
| Net Charge-Off Ratio (%) | ▲ | 0.75% | -0.39 | 1.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.97% | -1.38 | 20.35% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.76% | 2.75% | 2.79% | 3.05% | 3.17% | 3.25% | 3.35% | 3.64% |
| ▁▁▁▅▅▅▇█ | Return on Assets (%) | 0.54% | 0.52% | 0.51% | 0.86% | 0.87% | 0.89% | 1.01% | 1.15% |
| ███▄▃▃▂▁ | Efficiency Ratio (%) | 77.6% | 76.9% | 75.8% | 65.6% | 62.8% | 61.0% | 58.1% | 54.3% |
| ███▆▅▅▂▁ | Cost of Funds (%) | 2.96% | 2.97% | 2.94% | 2.84% | 2.74% | 2.75% | 2.61% | 2.49% |
| ▂▁██▆█▇▂ | NPA / Assets (%) | 0.65% | 0.57% | 0.90% | 0.89% | 0.79% | 0.89% | 0.84% | 0.62% |
| ▃▁██▅▇▆▁ | Net Charge-Off Ratio (%) | 0.89% | 0.78% | 1.18% | 1.14% | 1.00% | 1.11% | 1.02% | 0.75% |
| ▁▂▂▃▄▅▇█ | Tang. Book Value ($M) | $458 | $466 | $467 | $476 | $483 | $493 | $505 | $515 |
| ▁▂▃▄▆▆▇█ | Gross Loans ($M) | $2,084 | $2,214 | $2,320 | $2,402 | $2,489 | $2,521 | $2,628 | $2,727 |
| ▁▅▅▇▇▇▇█ | Total Deposits ($M) | $1,628 | $1,899 | $1,909 | $2,031 | $2,066 | $2,076 | $2,062 | $2,148 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 12% |