Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.47 | 1.01% |
| Return on Equity (%) | ▲ | 12.87% | +1.59 | 11.28% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.75 | 3.56% |
| Efficiency Ratio (%) | ▲ | 49.00% | -11.87 | 60.87% |
| Pre-Provision Profit ($M) | ▲ | $15 | +6.32 | $8 |
| Cost of Funds (%) | ▲ | 1.89% | -0.66 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,572 | +258.73 | $2,313 |
| Gross Loans ($M) | ▲ | $2,173 | +331.66 | $1,841 |
| Loan Growth YoY (%) | ▲ | 97.69% | +3.31 | 94.38% |
| Total Deposits ($M) | ▲ | $2,203 | +271.71 | $1,931 |
| Shareholders Equity ($M) | ▲ | $300 | +88.97 | $211 |
| Tang. Book Value ($M) | ▲ | $300 | +88.97 | $211 |
| TBV excl. AOCI ($M)** | ▲ | $310 | +84.66 | $226 |
| Loan / Deposit Ratio (%) | ▲ | 97.69% | +3.31 | 94.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.58 | 0.06% |
| Allowance / Loans (%) | — | 0.96% | -0.05% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.75% | +0.68 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.87% | +0.09 | 11.78% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▃▄█ | Net Interest Margin (%) | 3.53% | 3.50% | 3.51% | 3.56% | 3.61% | 3.76% | 3.87% | 4.31% |
| ▇▇▇▇▇▁▂█ | Return on Assets (%) | 0.82% | 0.90% | 0.97% | 1.01% | 1.04% | -1.45% | -0.76% | 1.48% |
| █▇▆█▇▆▅▁ | Efficiency Ratio (%) | 59.6% | 59.1% | 57.3% | 60.9% | 58.1% | 56.9% | 55.1% | 49.0% |
| ██▆▅▅▄▁▁ | Cost of Funds (%) | 3.05% | 3.10% | 2.69% | 2.55% | 2.50% | 2.40% | 2.01% | 1.89% |
| ▁▁▁▁▁▁█▆ | NPA / Assets (%) | 0.16% | 0.16% | 0.06% | 0.06% | 0.06% | 0.12% | 0.96% | 0.63% |
| ▂▁▁▁▁▁█▆ | Net Charge-Off Ratio (%) | 0.20% | 0.20% | 0.07% | 0.07% | 0.07% | 0.14% | 1.14% | 0.75% |
| ▁▂▂▂▃▇██ | Tang. Book Value ($M) | $187 | $204 | $202 | $211 | $219 | $282 | $290 | $300 |
| ▁▁▂▂▃▄██ | Gross Loans ($M) | $1,807 | $1,787 | $1,865 | $1,841 | $1,912 | $1,959 | $2,148 | $2,173 |
| ▁▃▃▄▅▆██ | Total Deposits ($M) | $1,740 | $1,903 | $1,892 | $1,931 | $2,003 | $2,055 | $2,192 | $2,203 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 52% |
| C&I / Commercial | 45% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 23% |