Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.78% | +0.50 | 1.28% |
| Return on Equity (%) | ▲ | 16.18% | +4.24 | 11.94% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.65 | 2.99% |
| Efficiency Ratio (%) | ▲ | 42.09% | -7.95 | 50.04% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.12 | $5 |
| Cost of Funds (%) | ▲ | 0.70% | -0.12 | 0.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,329 | +14.11 | $1,315 |
| Gross Loans ($M) | ▲ | $586 | +55.57 | $530 |
| Loan Growth YoY (%) | ▲ | 49.46% | +4.32 | 45.15% |
| Total Deposits ($M) | ▲ | $1,178 | +9.71 | $1,169 |
| Shareholders Equity ($M) | ▲ | $144 | +4.22 | $140 |
| Tang. Book Value ($M) | ▲ | $144 | +4.22 | $140 |
| TBV excl. AOCI ($M)** | ▲ | $174 | +1.98 | $172 |
| Loan / Deposit Ratio (%) | ▲ | 49.46% | +4.32 | 45.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.38 | 0.01% |
| Allowance / Loans (%) | — | 0.50% | 0.01% | 0.49% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.04 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.75% | -0.54 | 20.29% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅▆█ | Net Interest Margin (%) | 2.63% | 2.67% | 2.91% | 2.99% | 3.07% | 3.21% | 3.33% | 3.64% |
| ▁▁▁▃▃▅▆█ | Return on Assets (%) | 1.10% | 1.12% | 1.18% | 1.28% | 1.34% | 1.45% | 1.54% | 1.78% |
| █▇█▇▅▃▂▁ | Efficiency Ratio (%) | 51.5% | 50.9% | 52.4% | 50.0% | 48.4% | 45.9% | 44.4% | 42.1% |
| ▃▃█▂▂▁▁▁ | Cost of Funds (%) | 0.89% | 0.93% | 1.43% | 0.82% | 0.81% | 0.78% | 0.76% | 0.70% |
| ▁▁▁▁█▁▁▇ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.01% | 0.45% | 0.01% | 0.03% | 0.39% |
| ▁▁▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.01% | 0.00% | 0.02% | 1.08% | 0.02% | 0.06% | 0.06% |
| ▁▁██████ | Tang. Book Value ($M) | $91 | $93 | $138 | $140 | $141 | $142 | $144 | $144 |
| ▁▁▆▇▇███ | Gross Loans ($M) | $325 | $331 | $520 | $530 | $551 | $582 | $589 | $586 |
| ▁▁▇███▇█ | Total Deposits ($M) | $789 | $780 | $1,138 | $1,169 | $1,170 | $1,203 | $1,147 | $1,178 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 43% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 7% |