Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.25 | 0.78% |
| Return on Equity (%) | ▲ | 12.77% | +0.47 | 12.30% |
| Net Interest Margin (%) | ▲ | 3.43% | +0.26 | 3.17% |
| Efficiency Ratio (%) | ▲ | 60.91% | -9.19 | 70.10% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.93 | $4 |
| Cost of Funds (%) | ▼ | 1.98% | +0.06 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,777 | +286.67 | $1,491 |
| Gross Loans ($M) | ▲ | $1,216 | +289.03 | $927 |
| Loan Growth YoY (%) | ▲ | 86.52% | +17.43 | 69.09% |
| Total Deposits ($M) | ▲ | $1,388 | +65.03 | $1,323 |
| Shareholders Equity ($M) | ▲ | $140 | +42.82 | $97 |
| Tang. Book Value ($M) | ▲ | $140 | +42.93 | $97 |
| TBV excl. AOCI ($M)** | ▲ | $161 | +44.03 | $117 |
| Loan / Deposit Ratio (%) | ▲ | 86.52% | +17.43 | 69.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.02 | 0.08% |
| Allowance / Loans (%) | — | 1.19% | -0.15% | 1.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.09 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.04% | -0.53 | 12.57% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▅▆▇█ | Net Interest Margin (%) | 2.73% | 2.72% | 2.83% | 3.17% | 3.12% | 3.20% | 3.29% | 3.43% |
| ▁▁▂▅▅▇▇█ | Return on Assets (%) | 0.52% | 0.54% | 0.61% | 0.78% | 0.83% | 0.91% | 0.93% | 1.03% |
| ███▅▄▃▂▁ | Efficiency Ratio (%) | 75.1% | 75.8% | 74.4% | 70.1% | 67.8% | 65.7% | 64.4% | 60.9% |
| ██▄▁▁▅▃▂ | Cost of Funds (%) | 2.39% | 2.37% | 2.10% | 1.92% | 1.87% | 2.15% | 2.02% | 1.98% |
| █▇▃▁▂▂▁▁ | NPA / Assets (%) | 0.24% | 0.21% | 0.11% | 0.08% | 0.09% | 0.09% | 0.08% | 0.06% |
| ██▄▃▃▃▂▁ | Net Charge-Off Ratio (%) | 0.38% | 0.34% | 0.18% | 0.13% | 0.16% | 0.15% | 0.12% | 0.04% |
| ▁▂▁▃▆▇██ | Tang. Book Value ($M) | $81 | $95 | $88 | $97 | $121 | $132 | $139 | $140 |
| ▁▁▁▂▂▃▅█ | Gross Loans ($M) | $879 | $896 | $894 | $927 | $948 | $983 | $1,068 | $1,216 |
| ▁▄▅▄▇▄▃█ | Total Deposits ($M) | $1,270 | $1,320 | $1,331 | $1,323 | $1,368 | $1,328 | $1,301 | $1,388 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 14% |