Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.41 | 0.85% |
| Return on Equity (%) | ▲ | 9.84% | +2.97 | 6.87% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.43 | 3.30% |
| Efficiency Ratio (%) | ▲ | 56.87% | -3.33 | 60.20% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.17 | $4 |
| Cost of Funds (%) | ▲ | 1.43% | -0.17 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,174 | +60.32 | $1,114 |
| Gross Loans ($M) | ▲ | $780 | +63.16 | $717 |
| Loan Growth YoY (%) | ▲ | 77.61% | +3.87 | 73.74% |
| Total Deposits ($M) | ▲ | $993 | +31.59 | $961 |
| Shareholders Equity ($M) | ▲ | $149 | +12.19 | $137 |
| Tang. Book Value ($M) | ▲ | $148 | +12.34 | $135 |
| TBV excl. AOCI ($M)** | ▲ | $163 | +15.61 | $147 |
| Loan / Deposit Ratio (%) | ▲ | 77.61% | +3.87 | 73.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.02 | 0.27% |
| Allowance / Loans (%) | — | 1.17% | 0.09% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.38% | -0.05 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▅▆▇█ | Net Interest Margin (%) | 3.25% | 3.27% | 3.34% | 3.30% | 3.53% | 3.57% | 3.63% | 3.73% |
| ▄▄▆▁▆▇█▇ | Return on Assets (%) | 1.07% | 1.07% | 1.18% | 0.85% | 1.21% | 1.30% | 1.38% | 1.26% |
| █▇▃▇▂▂▁▃ | Efficiency Ratio (%) | 60.9% | 59.7% | 57.2% | 60.2% | 56.1% | 55.8% | 55.0% | 56.9% |
| █▇▆▇▄▄▁▁ | Cost of Funds (%) | 1.65% | 1.62% | 1.59% | 1.60% | 1.54% | 1.53% | 1.45% | 1.43% |
| ███▁▁▁▁▁ | NPA / Assets (%) | 1.66% | 1.66% | 1.60% | 0.27% | 0.24% | 0.24% | 0.22% | 0.25% |
| ███▁▁▁▁▁ | Net Charge-Off Ratio (%) | 2.46% | 2.47% | 2.37% | 0.42% | 0.37% | 0.38% | 0.35% | 0.38% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $124 | $133 | $131 | $135 | $139 | $145 | $149 | $148 |
| ▁▁▁▁▂▁▅█ | Gross Loans ($M) | $713 | $718 | $715 | $717 | $723 | $721 | $752 | $780 |
| ▁▁▃▅▃▆██ | Total Deposits ($M) | $911 | $916 | $932 | $961 | $942 | $969 | $993 | $993 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 6% |