Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.77% | +0.26 | 1.51% |
| Return on Equity (%) | ▲ | 16.36% | +1.52 | 14.84% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.47 | 3.27% |
| Efficiency Ratio (%) | ▲ | 37.71% | -6.54 | 44.26% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.87 | $5 |
| Cost of Funds (%) | ▲ | 2.18% | -0.13 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,073 | +63.50 | $1,010 |
| Gross Loans ($M) | ▲ | $819 | +51.14 | $768 |
| Loan Growth YoY (%) | ▼ | 87.67% | -1.78 | 89.45% |
| Total Deposits ($M) | ▲ | $918 | +74.05 | $844 |
| Shareholders Equity ($M) | ▲ | $117 | +14.19 | $103 |
| Tang. Book Value ($M) | ▲ | $117 | +14.30 | $102 |
| TBV excl. AOCI ($M)** | ▲ | $125 | +14.36 | $111 |
| Loan / Deposit Ratio (%) | ▼ | 87.67% | -1.78 | 89.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.03 | 0.10% |
| Allowance / Loans (%) | — | 1.72% | 0.05% | 1.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.04 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.72% | +0.23 | 12.49% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▆▇██ | Net Interest Margin (%) | 2.69% | 2.83% | 2.95% | 3.27% | 3.43% | 3.60% | 3.67% | 3.74% |
| ▁▂▂▆▆▇▇█ | Return on Assets (%) | 1.00% | 1.14% | 1.19% | 1.51% | 1.52% | 1.65% | 1.60% | 1.77% |
| █▇▇▄▄▃▄▁ | Efficiency Ratio (%) | 53.8% | 51.3% | 51.2% | 44.3% | 45.0% | 42.8% | 44.4% | 37.7% |
| ██▅▂▃▃▁▁ | Cost of Funds (%) | 2.66% | 2.71% | 2.49% | 2.31% | 2.37% | 2.34% | 2.19% | 2.18% |
| ██▇▆█▅▄▁ | NPA / Assets (%) | 0.12% | 0.11% | 0.11% | 0.10% | 0.11% | 0.10% | 0.09% | 0.07% |
| ██▇▆█▅▄▁ | Net Charge-Off Ratio (%) | 0.15% | 0.15% | 0.14% | 0.13% | 0.14% | 0.12% | 0.12% | 0.10% |
| ▁▃▂▄▆███ | Tang. Book Value ($M) | $92 | $100 | $96 | $102 | $107 | $114 | $114 | $117 |
| ▂▁▁▃▄▅█▇ | Gross Loans ($M) | $754 | $742 | $746 | $768 | $787 | $801 | $839 | $819 |
| ▁▂▁▂▁▃▆█ | Total Deposits ($M) | $832 | $841 | $840 | $844 | $830 | $854 | $894 | $918 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 18% |