Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.38 | 1.29% |
| Return on Equity (%) | ▲ | 19.15% | +4.13 | 15.02% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.32 | 3.61% |
| Efficiency Ratio (%) | ▲ | 57.10% | -4.72 | 61.82% |
| Pre-Provision Profit ($M) | ▲ | $22 | +6.06 | $16 |
| Cost of Funds (%) | ▲ | 1.84% | -0.36 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,934 | +501.30 | $4,433 |
| Gross Loans ($M) | ▲ | $3,923 | +540.21 | $3,382 |
| Loan Growth YoY (%) | ▲ | 87.18% | +3.78 | 83.40% |
| Total Deposits ($M) | ▲ | $4,440 | +437.79 | $4,003 |
| Shareholders Equity ($M) | ▲ | $435 | +45.87 | $389 |
| Tang. Book Value ($M) | ▲ | $431 | +45.87 | $385 |
| TBV excl. AOCI ($M)** | ▲ | $439 | +44.46 | $394 |
| Loan / Deposit Ratio (%) | ▲ | 87.18% | +3.78 | 83.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.61% | +0.33 | 0.28% |
| Allowance / Loans (%) | — | 1.31% | 0.01% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.72% | +0.45 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.53% | -0.89 | 11.42% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▆█ | Net Interest Margin (%) | 3.55% | 3.54% | 3.56% | 3.61% | 3.67% | 3.71% | 3.79% | 3.92% |
| █▆▅▁▃▃▄▆ | Return on Assets (%) | 1.80% | 1.66% | 1.58% | 1.29% | 1.42% | 1.47% | 1.53% | 1.67% |
| ▁▁▃█▅▃▃▃ | Efficiency Ratio (%) | 55.0% | 54.9% | 57.0% | 61.8% | 58.8% | 57.3% | 56.8% | 57.1% |
| ██▇▄▄▄▃▁ | Cost of Funds (%) | 2.55% | 2.62% | 2.45% | 2.20% | 2.19% | 2.21% | 2.05% | 1.84% |
| ▇▃▂▂▁███ | NPA / Assets (%) | 0.54% | 0.33% | 0.31% | 0.28% | 0.22% | 0.62% | 0.62% | 0.61% |
| ▆▃▂▁▁███ | Net Charge-Off Ratio (%) | 0.60% | 0.39% | 0.33% | 0.27% | 0.21% | 0.75% | 0.76% | 0.72% |
| ▁▂▂▃▄▅██ | Tang. Book Value ($M) | $363 | $377 | $378 | $385 | $390 | $405 | $423 | $431 |
| ▁▁▂▃▅▇▇█ | Gross Loans ($M) | $3,145 | $3,231 | $3,307 | $3,382 | $3,592 | $3,772 | $3,799 | $3,923 |
| ▁▃▄▃▆███ | Total Deposits ($M) | $3,820 | $3,990 | $4,130 | $4,003 | $4,273 | $4,457 | $4,456 | $4,440 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 28% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 14% |