Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.82% | +0.54 | 0.28% |
| Return on Equity (%) | ▲ | 7.45% | +4.67 | 2.78% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.66 | 2.63% |
| Efficiency Ratio (%) | ▲ | 64.30% | -15.28 | 79.58% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.08 | $2 |
| Cost of Funds (%) | ▲ | 1.45% | -0.21 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,221 | +48.54 | $1,172 |
| Gross Loans ($M) | ▲ | $928 | +114.77 | $813 |
| Loan Growth YoY (%) | ▲ | 97.64% | +8.62 | 89.02% |
| Total Deposits ($M) | ▲ | $941 | +36.78 | $904 |
| Shareholders Equity ($M) | ▲ | $133 | +13.83 | $119 |
| Tang. Book Value ($M) | ▲ | $133 | +13.82 | $119 |
| TBV excl. AOCI ($M)** | ▲ | $143 | +10.22 | $132 |
| Loan / Deposit Ratio (%) | ▲ | 97.64% | +8.62 | 89.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.15 | 0.24% |
| Allowance / Loans (%) | — | 0.94% | -0.03% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.23 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.92% | -0.59 | 15.51% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 2.34% | 2.38% | 2.43% | 2.63% | 2.71% | 2.81% | 2.91% | 3.29% |
| ▁▃▃▁▃▅▃█ | Return on Assets (%) | 0.34% | 0.46% | 0.44% | 0.28% | 0.48% | 0.57% | 0.47% | 0.82% |
| ██▇▅▅▅▄▁ | Efficiency Ratio (%) | 90.0% | 87.9% | 85.6% | 79.6% | 80.3% | 79.1% | 76.4% | 64.3% |
| ▇█▇▆▅▃▄▁ | Cost of Funds (%) | 1.74% | 1.78% | 1.70% | 1.66% | 1.63% | 1.56% | 1.57% | 1.45% |
| ▂▁▆▇▆█▅▁ | NPA / Assets (%) | 0.13% | 0.08% | 0.23% | 0.24% | 0.22% | 0.28% | 0.20% | 0.09% |
| ▃▁▇▇▆█▅▁ | Net Charge-Off Ratio (%) | 0.18% | 0.12% | 0.34% | 0.34% | 0.31% | 0.38% | 0.26% | 0.11% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $106 | $114 | $115 | $119 | $123 | $127 | $131 | $133 |
| ▁▁▁▂▄▆██ | Gross Loans ($M) | $798 | $787 | $795 | $813 | $853 | $884 | $918 | $928 |
| ▁▃▃▄▄▆▅█ | Total Deposits ($M) | $874 | $896 | $895 | $904 | $905 | $920 | $916 | $941 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 7% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 7% |