Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.40% | +0.61 | 1.79% |
| Return on Equity (%) | ▲ | 17.75% | +3.57 | 14.18% |
| Net Interest Margin (%) | ▲ | 4.95% | +1.02 | 3.93% |
| Efficiency Ratio (%) | ▲ | 35.51% | -5.96 | 41.47% |
| Pre-Provision Profit ($M) | ▲ | $23 | +6.81 | $16 |
| Cost of Funds (%) | ▲ | 2.58% | -0.23 | 2.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,865 | +57.68 | $2,807 |
| Gross Loans ($M) | ▼ | $2,377 | -37.39 | $2,415 |
| Loan Growth YoY (%) | ▼ | 96.64% | -2.48 | 99.11% |
| Total Deposits ($M) | ▲ | $2,434 | +22.11 | $2,412 |
| Shareholders Equity ($M) | ▲ | $398 | +40.50 | $357 |
| Tang. Book Value ($M) | ▲ | $398 | +40.50 | $357 |
| TBV excl. AOCI ($M)** | ▲ | $403 | +40.97 | $362 |
| Loan / Deposit Ratio (%) | ▼ | 96.64% | -2.48 | 99.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.65% | -0.49 | 1.14% |
| Allowance / Loans (%) | — | 1.07% | 0.06% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.31% | -1.01 | 1.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.10% | +1.95 | 14.15% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▃▃█ | Net Interest Margin (%) | 3.65% | 3.66% | 3.74% | 3.93% | 4.01% | 4.07% | 4.09% | 4.95% |
| ▂▂▁▄▅▅▃█ | Return on Assets (%) | 1.47% | 1.44% | 1.29% | 1.79% | 1.85% | 1.88% | 1.60% | 2.40% |
| ▆▆█▃▂▂▆▁ | Efficiency Ratio (%) | 47.4% | 46.2% | 52.4% | 41.5% | 39.7% | 39.6% | 47.7% | 35.5% |
| ███▃▃▃▂▁ | Cost of Funds (%) | 3.23% | 3.25% | 3.18% | 2.81% | 2.78% | 2.81% | 2.72% | 2.58% |
| ▆▅▅▆███▁ | NPA / Assets (%) | 1.17% | 1.09% | 1.04% | 1.14% | 1.39% | 1.31% | 1.31% | 0.65% |
| ▇▆▆▇█▇▇▁ | Net Charge-Off Ratio (%) | 1.34% | 1.29% | 1.18% | 1.33% | 1.65% | 1.43% | 1.42% | 0.31% |
| ▁▂▁▃▅▇▆█ | Tang. Book Value ($M) | $337 | $350 | $344 | $357 | $371 | $386 | $381 | $398 |
| ▁▂▇██▄▇▄ | Gross Loans ($M) | $2,351 | $2,363 | $2,406 | $2,415 | $2,412 | $2,379 | $2,402 | $2,377 |
| ▁▅▃▆███▇ | Total Deposits ($M) | $2,304 | $2,389 | $2,350 | $2,412 | $2,453 | $2,464 | $2,459 | $2,434 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 34% |