Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.60% | +0.19 | 0.41% |
| Return on Equity (%) | ▲ | 4.69% | +1.52 | 3.17% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.16 | 3.30% |
| Efficiency Ratio (%) | ▲ | 78.36% | -6.78 | 85.14% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.40 | $2 |
| Cost of Funds (%) | ▲ | 1.14% | -0.07 | 1.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,887 | +127.01 | $1,760 |
| Gross Loans ($M) | ▲ | $1,486 | +104.24 | $1,382 |
| Loan Growth YoY (%) | ▲ | 102.79% | +4.68 | 98.11% |
| Total Deposits ($M) | ▲ | $1,427 | +38.00 | $1,389 |
| Shareholders Equity ($M) | ▲ | $244 | +15.83 | $228 |
| Tang. Book Value ($M) | ▲ | $239 | +15.83 | $223 |
| TBV excl. AOCI ($M)** | ▲ | $251 | +14.73 | $236 |
| Loan / Deposit Ratio (%) | ▲ | 102.79% | +4.68 | 98.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.02 | 0.10% |
| Allowance / Loans (%) | — | 1.26% | -0.08% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.03 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▇▇▇▇█ | Net Interest Margin (%) | 2.58% | 2.59% | 2.68% | 3.30% | 3.28% | 3.29% | 3.29% | 3.46% |
| ▁▁▃▅▅▆▆█ | Return on Assets (%) | 0.13% | 0.17% | 0.29% | 0.41% | 0.42% | 0.45% | 0.46% | 0.60% |
| ██▁▆▆▆▅▄ | Efficiency Ratio (%) | 94.5% | 93.7% | 64.4% | 85.1% | 84.7% | 83.4% | 82.6% | 78.4% |
| ███▂▂▁▁▁ | Cost of Funds (%) | 1.66% | 1.72% | 1.65% | 1.21% | 1.21% | 1.17% | 1.13% | 1.14% |
| ▂█▂▃▁▂▁▂ | NPA / Assets (%) | 0.09% | 0.23% | 0.06% | 0.10% | 0.04% | 0.06% | 0.06% | 0.08% |
| ▃█▁▃▁▁▁▂ | Net Charge-Off Ratio (%) | 0.12% | 0.32% | 0.08% | 0.13% | 0.05% | 0.09% | 0.07% | 0.10% |
| ▁▃▅▆▇███ | Tang. Book Value ($M) | $183 | $198 | $217 | $223 | $226 | $232 | $236 | $239 |
| ▂▁▁▁▁▂██ | Gross Loans ($M) | $1,406 | $1,390 | $1,386 | $1,382 | $1,389 | $1,404 | $1,479 | $1,486 |
| █▆▁▁▃▃▁▃ | Total Deposits ($M) | $1,534 | $1,486 | $1,380 | $1,389 | $1,430 | $1,419 | $1,394 | $1,427 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 3% |