Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.25% | -0.38 | 0.63% |
| Return on Equity (%) | ▼ | 2.37% | -4.19 | 6.56% |
| Net Interest Margin (%) | ▲ | 2.00% | +0.53 | 1.47% |
| Efficiency Ratio (%) | ▲ | 34.96% | -10.94 | 45.90% |
| Pre-Provision Profit ($M) | ▲ | $15 | +5.78 | $9 |
| Cost of Funds (%) | ▲ | 2.61% | -0.38 | 2.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,548 | +24.38 | $4,523 |
| Gross Loans ($M) | ▼ | $3,925 | -26.42 | $3,951 |
| Loan Growth YoY (%) | ▼ | 148.64% | -2.90 | 151.53% |
| Total Deposits ($M) | ▲ | $2,621 | +31.49 | $2,590 |
| Shareholders Equity ($M) | ▲ | $483 | +45.11 | $438 |
| Tang. Book Value ($M) | ▲ | $483 | +45.11 | $438 |
| TBV excl. AOCI ($M)** | ▲ | $490 | +46.36 | $444 |
| Loan / Deposit Ratio (%) | ▼ | 148.64% | -2.90 | 151.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.87% | +0.83 | 0.04% |
| Allowance / Loans (%) | — | 0.74% | 0.05% | 0.69% |
| Net Charge-Off Ratio (%) | ▼ | 0.97% | +0.93 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.28% | +1.30 | 12.98% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▆█ | Net Interest Margin (%) | 0.89% | 0.95% | 1.02% | 1.47% | 1.56% | 1.62% | 1.69% | 2.00% |
| ▂▃▄▄▅▇█▁ | Return on Assets (%) | 0.49% | 0.50% | 0.63% | 0.63% | 0.73% | 1.00% | 1.21% | 0.25% |
| ██▇▃▂▂▂▁ | Efficiency Ratio (%) | 72.7% | 68.8% | 63.9% | 45.9% | 43.4% | 41.6% | 39.8% | 35.0% |
| ██▇▄▄▄▂▁ | Cost of Funds (%) | 3.42% | 3.41% | 3.27% | 2.99% | 2.93% | 2.96% | 2.80% | 2.61% |
| ▁▁▁▁▇▇▇█ | NPA / Assets (%) | 0.04% | 0.04% | 0.03% | 0.04% | 0.70% | 0.71% | 0.69% | 0.87% |
| ▁▁▁▁▇▇▇█ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.04% | 0.05% | 0.81% | 0.81% | 0.79% | 0.97% |
| ▁▁▂▃▄▆██ | Tang. Book Value ($M) | $417 | $422 | $432 | $438 | $446 | $462 | $480 | $483 |
| █▁▂▇█▆▅▄ | Gross Loans ($M) | $3,961 | $3,890 | $3,901 | $3,951 | $3,959 | $3,942 | $3,928 | $3,925 |
| ▁▂▄▇▃▄▆█ | Total Deposits ($M) | $2,434 | $2,476 | $2,509 | $2,590 | $2,497 | $2,513 | $2,567 | $2,621 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 32% |