Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +0.41 | 1.53% |
| Return on Equity (%) | ▲ | 20.28% | +1.56 | 18.72% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.31 | 3.13% |
| Efficiency Ratio (%) | ▲ | 43.44% | -7.87 | 51.31% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.51 | $8 |
| Cost of Funds (%) | ▲ | 1.69% | -0.26 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,960 | +73.84 | $1,886 |
| Gross Loans ($M) | ▲ | $1,334 | +82.28 | $1,251 |
| Loan Growth YoY (%) | ▲ | 75.34% | +2.55 | 72.79% |
| Total Deposits ($M) | ▲ | $1,749 | +48.90 | $1,700 |
| Shareholders Equity ($M) | ▲ | $187 | +25.67 | $161 |
| Tang. Book Value ($M) | ▲ | $187 | +25.67 | $161 |
| TBV excl. AOCI ($M)** | ▲ | $208 | +22.91 | $185 |
| Loan / Deposit Ratio (%) | ▲ | 75.34% | +2.55 | 72.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 1.20% | 0.09% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.03 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.84% | +0.92 | 13.92% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆▇█ | Net Interest Margin (%) | 3.01% | 3.00% | 3.05% | 3.13% | 3.21% | 3.29% | 3.36% | 3.44% |
| ▁▂▃▃▅▆▇█ | Return on Assets (%) | 1.32% | 1.42% | 1.52% | 1.53% | 1.68% | 1.71% | 1.86% | 1.94% |
| ██▇▆▄▄▃▁ | Efficiency Ratio (%) | 55.9% | 54.4% | 52.9% | 51.3% | 48.9% | 48.4% | 46.8% | 43.4% |
| ██▇▆▅▅▁▁ | Cost of Funds (%) | 2.04% | 2.04% | 1.99% | 1.95% | 1.90% | 1.89% | 1.73% | 1.69% |
| ▁▁▁▁▅█▂▆ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.03% | 0.01% | 0.02% |
| ▁▁▂▂▅█▂▆ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.01% | 0.01% | 0.03% | 0.05% | 0.01% | 0.03% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $142 | $160 | $150 | $161 | $169 | $177 | $189 | $187 |
| ▁▁▂▄▅█▆█ | Gross Loans ($M) | $1,201 | $1,204 | $1,233 | $1,251 | $1,276 | $1,324 | $1,300 | $1,334 |
| ▁▇█▇▇███ | Total Deposits ($M) | $1,454 | $1,689 | $1,755 | $1,700 | $1,701 | $1,723 | $1,749 | $1,749 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 11% |