Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.40 | 1.11% |
| Return on Equity (%) | ▲ | 13.89% | +3.11 | 10.78% |
| Net Interest Margin (%) | ▲ | 2.74% | +0.61 | 2.13% |
| Efficiency Ratio (%) | ▲ | 38.44% | -10.87 | 49.31% |
| Pre-Provision Profit ($M) | ▲ | $19 | +6.96 | $12 |
| Cost of Funds (%) | ▲ | 1.52% | -0.49 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,438 | +60.26 | $4,378 |
| Gross Loans ($M) | ▲ | $2,488 | +75.30 | $2,413 |
| Loan Growth YoY (%) | ▲ | 64.01% | +1.50 | 62.51% |
| Total Deposits ($M) | ▲ | $3,853 | +28.12 | $3,825 |
| Shareholders Equity ($M) | ▲ | $492 | +30.98 | $461 |
| Tang. Book Value ($M) | ▲ | $462 | +30.98 | $431 |
| TBV excl. AOCI ($M)** | ▲ | $528 | +22.15 | $506 |
| Loan / Deposit Ratio (%) | ▲ | 64.01% | +1.50 | 62.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.14 | 0.42% |
| Allowance / Loans (%) | — | 0.87% | -0.04% | 0.91% |
| Net Charge-Off Ratio (%) | ▲ | 0.49% | -0.27 | 0.76% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.92% | +0.80 | 15.13% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 1.58% | 1.62% | 1.71% | 2.13% | 2.21% | 2.30% | 2.43% | 2.74% |
| ▁▁▂▅▆▆▆█ | Return on Assets (%) | 0.57% | 0.64% | 0.73% | 1.11% | 1.16% | 1.24% | 1.23% | 1.51% |
| ██▇▄▄▃▃▁ | Efficiency Ratio (%) | 65.7% | 62.4% | 60.2% | 49.3% | 48.9% | 47.5% | 47.0% | 38.4% |
| ██▇▅▄▄▂▁ | Cost of Funds (%) | 2.42% | 2.48% | 2.34% | 2.02% | 1.93% | 1.89% | 1.67% | 1.52% |
| ▇▆▇███▂▁ | NPA / Assets (%) | 0.40% | 0.39% | 0.41% | 0.42% | 0.43% | 0.42% | 0.31% | 0.28% |
| ██████▂▁ | Net Charge-Off Ratio (%) | 0.74% | 0.74% | 0.74% | 0.76% | 0.75% | 0.76% | 0.56% | 0.49% |
| ▁▁▃▄▄▅▇█ | Tang. Book Value ($M) | $409 | $415 | $426 | $431 | $430 | $439 | $453 | $462 |
| ▅▅▄▁▂▁█▅ | Gross Loans ($M) | $2,497 | $2,487 | $2,468 | $2,413 | $2,440 | $2,417 | $2,555 | $2,488 |
| ▃▆▃▅▁▅█▅ | Total Deposits ($M) | $3,756 | $3,859 | $3,780 | $3,825 | $3,679 | $3,823 | $3,966 | $3,853 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 6% |