Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.05 | 1.48% |
| Return on Equity (%) | ▲ | 16.48% | +0.02 | 16.46% |
| Net Interest Margin (%) | ▲ | 4.69% | +0.14 | 4.54% |
| Efficiency Ratio (%) | ▼ | 60.91% | +1.64 | 59.26% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.56 | $6 |
| Cost of Funds (%) | ▲ | 1.09% | -0.07 | 1.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,403 | +118.44 | $1,284 |
| Gross Loans ($M) | ▲ | $1,151 | +129.86 | $1,021 |
| Loan Growth YoY (%) | ▲ | 90.33% | +2.56 | 87.77% |
| Total Deposits ($M) | ▲ | $1,265 | +110.23 | $1,154 |
| Shareholders Equity ($M) | ▲ | $129 | +14.38 | $115 |
| Tang. Book Value ($M) | ▲ | $129 | +14.65 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $133 | +14.19 | $119 |
| Loan / Deposit Ratio (%) | ▲ | 90.33% | +2.56 | 87.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.06 | 0.13% |
| Allowance / Loans (%) | — | 0.77% | -0.02% | 0.79% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.06 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.50% | +0.05 | 12.46% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇███ | Net Interest Margin (%) | 4.25% | 4.30% | 4.37% | 4.54% | 4.61% | 4.64% | 4.66% | 4.69% |
| ▁▃▄▇▇███ | Return on Assets (%) | 1.18% | 1.30% | 1.34% | 1.48% | 1.49% | 1.54% | 1.54% | 1.52% |
| █▆▆▁▁▂▂▂ | Efficiency Ratio (%) | 66.7% | 64.8% | 64.0% | 59.3% | 60.0% | 60.2% | 60.6% | 60.9% |
| ▄█▇▃▅▇▃▁ | Cost of Funds (%) | 1.19% | 1.33% | 1.29% | 1.15% | 1.22% | 1.28% | 1.15% | 1.09% |
| ▄██▁▇▂▂▃ | NPA / Assets (%) | 0.22% | 0.32% | 0.31% | 0.13% | 0.29% | 0.16% | 0.16% | 0.19% |
| ▄█▆▁▇▁▂▃ | Net Charge-Off Ratio (%) | 0.27% | 0.39% | 0.33% | 0.16% | 0.36% | 0.19% | 0.19% | 0.22% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $103 | $109 | $109 | $114 | $116 | $122 | $126 | $129 |
| ▁▁▂▃▅▆██ | Gross Loans ($M) | $960 | $980 | $997 | $1,021 | $1,064 | $1,091 | $1,131 | $1,151 |
| ▁▁▁▄▄▅▇█ | Total Deposits ($M) | $1,091 | $1,087 | $1,105 | $1,154 | $1,167 | $1,191 | $1,226 | $1,265 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 3% |