Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.57 | 0.85% |
| Return on Equity (%) | ▲ | 12.68% | +4.54 | 8.14% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.42 | 2.60% |
| Efficiency Ratio (%) | ▼ | 52.62% | +0.42 | 52.20% |
| Pre-Provision Profit ($M) | ▲ | $19 | +3.31 | $16 |
| Cost of Funds (%) | ▲ | 2.36% | -0.31 | 2.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,323 | +196.27 | $5,127 |
| Gross Loans ($M) | ▲ | $4,359 | +346.55 | $4,013 |
| Loan Growth YoY (%) | ▲ | 99.45% | +4.71 | 94.74% |
| Total Deposits ($M) | ▲ | $4,326 | +146.96 | $4,179 |
| Shareholders Equity ($M) | ▲ | $609 | +70.35 | $539 |
| Tang. Book Value ($M) | ▲ | $590 | +71.26 | $519 |
| TBV excl. AOCI ($M)** | ▲ | $619 | +61.36 | $557 |
| Loan / Deposit Ratio (%) | ▲ | 99.45% | +4.71 | 94.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.02 | 0.20% |
| Allowance / Loans (%) | — | 1.31% | -0.03% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.01 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.67% | +0.50 | 12.17% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 2.35% | 2.37% | 2.37% | 2.60% | 2.67% | 2.73% | 2.79% | 3.02% |
| ▁▁▁▁▂▂▃█ | Return on Assets (%) | 0.79% | 0.81% | 0.79% | 0.85% | 0.92% | 0.95% | 0.99% | 1.42% |
| ███▅▂▂▁▆ | Efficiency Ratio (%) | 54.1% | 54.1% | 53.8% | 52.2% | 50.8% | 50.7% | 50.0% | 52.6% |
| ▇█▅▄▄▅▄▁ | Cost of Funds (%) | 2.96% | 3.09% | 2.77% | 2.67% | 2.67% | 2.81% | 2.65% | 2.36% |
| ▁▄▁▄▄▄█▅ | NPA / Assets (%) | 0.01% | 0.19% | 0.01% | 0.20% | 0.20% | 0.19% | 0.41% | 0.22% |
| ▁▄▁▄▄▄█▅ | Net Charge-Off Ratio (%) | 0.02% | 0.23% | 0.01% | 0.26% | 0.24% | 0.24% | 0.51% | 0.27% |
| ▁▁▁▂▃▅▇█ | Tang. Book Value ($M) | $509 | $514 | $505 | $519 | $530 | $554 | $576 | $590 |
| ▂▁▃▄▆▇██ | Gross Loans ($M) | $3,794 | $3,680 | $3,862 | $4,013 | $4,138 | $4,206 | $4,301 | $4,359 |
| ▁▁▅▆████ | Total Deposits ($M) | $3,823 | $3,770 | $4,106 | $4,179 | $4,279 | $4,319 | $4,343 | $4,326 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 13% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 22% |