Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.24 | 0.75% |
| Return on Equity (%) | ▲ | 10.73% | +1.65 | 9.08% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.76 | 2.98% |
| Efficiency Ratio (%) | ▲ | 59.73% | -11.47 | 71.20% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.74 | $2 |
| Cost of Funds (%) | ▲ | 1.72% | -0.21 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $998 | +46.72 | $951 |
| Gross Loans ($M) | ▲ | $682 | +90.17 | $592 |
| Loan Growth YoY (%) | ▲ | 74.85% | +7.39 | 67.46% |
| Total Deposits ($M) | ▲ | $901 | +34.15 | $867 |
| Shareholders Equity ($M) | ▲ | $93 | +11.98 | $81 |
| Tang. Book Value ($M) | ▲ | $93 | +11.98 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +9.36 | $96 |
| Loan / Deposit Ratio (%) | ▲ | 74.85% | +7.39 | 67.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.04 | 0.05% |
| Allowance / Loans (%) | — | 1.09% | -0.08% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.06 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.75% | -1.17 | 15.92% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.51% | 2.54% | 2.62% | 2.98% | 3.13% | 3.24% | 3.37% | 3.73% |
| ▁▁▂▅▄▆▆█ | Return on Assets (%) | 0.48% | 0.51% | 0.57% | 0.75% | 0.70% | 0.80% | 0.85% | 0.99% |
| ██▇▅▄▃▃▁ | Efficiency Ratio (%) | 78.7% | 77.6% | 75.6% | 71.2% | 67.8% | 66.1% | 64.5% | 59.7% |
| ▇█▇▄▄▄▂▁ | Cost of Funds (%) | 2.20% | 2.28% | 2.20% | 1.93% | 1.96% | 1.98% | 1.85% | 1.72% |
| ▇▄▁▄▄▄██ | NPA / Assets (%) | 0.08% | 0.05% | 0.02% | 0.05% | 0.05% | 0.05% | 0.09% | 0.09% |
| █▄▁▄▄▃██ | Net Charge-Off Ratio (%) | 0.14% | 0.08% | 0.03% | 0.08% | 0.07% | 0.07% | 0.13% | 0.14% |
| ▁▄▁▃▄▇▇█ | Tang. Book Value ($M) | $75 | $84 | $76 | $81 | $83 | $90 | $91 | $93 |
| ▁▁▂▃▆███ | Gross Loans ($M) | $555 | $568 | $587 | $592 | $652 | $678 | $693 | $682 |
| ▁▄▆▄▂▅██ | Total Deposits ($M) | $836 | $865 | $881 | $867 | $849 | $877 | $904 | $901 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 18% |