Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.15% | +0.79 | -0.65% |
| Return on Equity (%) | ▲ | 1.19% | +6.86 | -5.67% |
| Net Interest Margin (%) | ▲ | 1.29% | +0.20 | 1.09% |
| Efficiency Ratio (%) | ▲ | 73.66% | -10.72 | 84.39% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.47 | $2 |
| Cost of Funds (%) | ▲ | 2.65% | -0.10 | 2.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,407 | +80.96 | $5,326 |
| Gross Loans ($M) | ▲ | $4,195 | +96.35 | $4,099 |
| Loan Growth YoY (%) | ▲ | 126.19% | +3.11 | 123.08% |
| Total Deposits ($M) | ▼ | $3,313 | -5.59 | $3,319 |
| Shareholders Equity ($M) | ▲ | $668 | +58.87 | $609 |
| Tang. Book Value ($M) | ▲ | $659 | +58.87 | $600 |
| TBV excl. AOCI ($M)** | ▲ | $689 | +57.08 | $632 |
| Loan / Deposit Ratio (%) | ▲ | 126.19% | +3.11 | 123.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.00 | 0.01% |
| Allowance / Loans (%) | — | 0.34% | -0.00% | 0.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.00 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.19% | +1.15 | 15.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 1.02% | 1.01% | 0.99% | 1.09% | 1.12% | 1.15% | 1.17% | 1.29% |
| ██▇▁▆██▄ | Return on Assets (%) | 1.07% | 0.93% | 0.74% | -0.65% | 0.63% | 1.02% | 0.91% | 0.15% |
| ▆██▅▃▃▅▁ | Efficiency Ratio (%) | 87.9% | 93.6% | 94.3% | 84.4% | 80.9% | 79.6% | 85.1% | 73.7% |
| ▂██▄▃▅▅▁ | Cost of Funds (%) | 2.68% | 2.85% | 2.87% | 2.75% | 2.71% | 2.77% | 2.78% | 2.65% |
| ██▆▂▅▁▃▃ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.01% | 0.02% | 0.01% | 0.02% | 0.02% |
| ██▇▃▅▁▃▃ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% | 0.01% | 0.02% | 0.02% |
| ▁▂▂▂▅███ | Tang. Book Value ($M) | $586 | $597 | $598 | $600 | $626 | $651 | $659 | $659 |
| ▁▁▂▂▅███ | Gross Loans ($M) | $4,088 | $4,071 | $4,104 | $4,099 | $4,150 | $4,206 | $4,201 | $4,195 |
| ▁▁█▇▅▂▂▇ | Total Deposits ($M) | $3,137 | $3,133 | $3,359 | $3,319 | $3,261 | $3,187 | $3,179 | $3,313 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 29% |