Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.83 | 0.37% |
| Return on Equity (%) | ▲ | 8.27% | +5.83 | 2.44% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.29 | 3.03% |
| Efficiency Ratio (%) | ▲ | 51.91% | -8.10 | 60.01% |
| Pre-Provision Profit ($M) | ▲ | $17 | +5.48 | $12 |
| Cost of Funds (%) | ▲ | 2.36% | -0.09 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,187 | +184.62 | $4,002 |
| Gross Loans ($M) | ▲ | $3,325 | +181.51 | $3,144 |
| Loan Growth YoY (%) | ▼ | 96.92% | -0.58 | 97.50% |
| Total Deposits ($M) | ▲ | $3,386 | +214.86 | $3,171 |
| Shareholders Equity ($M) | ▲ | $615 | +5.89 | $610 |
| Tang. Book Value ($M) | ▲ | $537 | +7.46 | $529 |
| TBV excl. AOCI ($M)** | ▲ | $558 | +9.29 | $549 |
| Loan / Deposit Ratio (%) | ▼ | 96.92% | -0.58 | 97.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.17% | -0.45 | 1.62% |
| Allowance / Loans (%) | — | 1.31% | -0.34% | 1.65% |
| Net Charge-Off Ratio (%) | ▲ | 1.34% | -0.58 | 1.93% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 21.09% | -0.74 | 21.84% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.88% | 2.88% | 2.91% | 3.03% | 3.07% | 3.13% | 3.16% | 3.32% |
| ▆▆▅▁▄▅▆█ | Return on Assets (%) | 0.92% | 0.89% | 0.81% | 0.37% | 0.73% | 0.85% | 0.91% | 1.20% |
| ▅▄▄█▅▄▄▁ | Efficiency Ratio (%) | 56.2% | 55.2% | 55.5% | 60.0% | 56.0% | 55.5% | 55.2% | 51.9% |
| ██▆▂▂▃▃▁ | Cost of Funds (%) | 2.82% | 2.83% | 2.70% | 2.45% | 2.47% | 2.52% | 2.48% | 2.36% |
| ▃▄█▅▄▂▁▁ | NPA / Assets (%) | 1.42% | 1.53% | 2.04% | 1.62% | 1.50% | 1.29% | 1.27% | 1.17% |
| ▃▄█▄▃▁▁▁ | Net Charge-Off Ratio (%) | 1.79% | 1.97% | 2.65% | 1.93% | 1.76% | 1.38% | 1.35% | 1.34% |
| ▆▅▅▇▁▃▆█ | Tang. Book Value ($M) | $526 | $520 | $522 | $529 | $498 | $512 | $525 | $537 |
| ▁▂▁▃▆███ | Gross Loans ($M) | $3,051 | $3,093 | $3,064 | $3,144 | $3,235 | $3,303 | $3,316 | $3,325 |
| ▁▂▂▃▅███ | Total Deposits ($M) | $3,057 | $3,129 | $3,118 | $3,171 | $3,257 | $3,421 | $3,400 | $3,386 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 26% |