Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.49% | +0.24 | 0.25% |
| Return on Equity (%) | ▲ | 7.05% | +3.12 | 3.93% |
| Net Interest Margin (%) | ▲ | 3.05% | +0.36 | 2.69% |
| Efficiency Ratio (%) | ▲ | 80.98% | -9.10 | 90.08% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.07 | $1 |
| Cost of Funds (%) | ▲ | 1.71% | -0.05 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,235 | +58.64 | $1,176 |
| Gross Loans ($M) | ▲ | $1,006 | +72.65 | $933 |
| Loan Growth YoY (%) | ▲ | 93.59% | +4.49 | 89.10% |
| Total Deposits ($M) | ▲ | $1,064 | +28.03 | $1,036 |
| Shareholders Equity ($M) | ▲ | $85 | +10.24 | $75 |
| Tang. Book Value ($M) | ▲ | $85 | +10.24 | $75 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +9.83 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 93.59% | +4.49 | 89.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.46% | -0.01 | 0.47% |
| Allowance / Loans (%) | — | 0.93% | -0.09% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.57% | -0.03 | 0.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.12% | -0.46 | 12.58% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.43% | 2.41% | 2.46% | 2.69% | 2.79% | 2.86% | 2.92% | 3.05% |
| ▁▂▂▃▆▇██ | Return on Assets (%) | 0.10% | 0.15% | 0.18% | 0.25% | 0.37% | 0.41% | 0.45% | 0.49% |
| █▇▇▆▃▂▁▁ | Efficiency Ratio (%) | 94.4% | 92.7% | 91.3% | 90.1% | 85.0% | 83.9% | 82.6% | 81.0% |
| ▇█▅▂▁▁▁▁ | Cost of Funds (%) | 1.91% | 1.95% | 1.85% | 1.76% | 1.72% | 1.71% | 1.71% | 1.71% |
| ▁█▅▆▅▆▄▆ | NPA / Assets (%) | 0.28% | 0.54% | 0.43% | 0.47% | 0.42% | 0.46% | 0.41% | 0.46% |
| ▁█▅▆▅▅▄▅ | Net Charge-Off Ratio (%) | 0.36% | 0.69% | 0.54% | 0.60% | 0.53% | 0.56% | 0.50% | 0.57% |
| ▁▄▁▃▅▆██ | Tang. Book Value ($M) | $69 | $76 | $71 | $75 | $77 | $81 | $83 | $85 |
| ▁▁▃▄▄▆▇█ | Gross Loans ($M) | $889 | $896 | $922 | $933 | $938 | $963 | $986 | $1,006 |
| ▁▃▄▆▄▅▂█ | Total Deposits ($M) | $986 | $1,009 | $1,018 | $1,036 | $1,016 | $1,035 | $1,003 | $1,064 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |