Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.66% | +0.12 | 0.54% |
| Return on Equity (%) | ▲ | 6.28% | +0.66 | 5.62% |
| Net Interest Margin (%) | ▲ | 2.77% | +0.23 | 2.54% |
| Efficiency Ratio (%) | ▲ | 70.52% | -3.77 | 74.29% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.95 | $3 |
| Cost of Funds (%) | ▲ | 1.18% | -0.12 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,018 | +48.12 | $1,970 |
| Gross Loans ($M) | ▲ | $1,253 | +64.45 | $1,188 |
| Loan Growth YoY (%) | ▲ | 70.04% | +0.87 | 69.16% |
| Total Deposits ($M) | ▲ | $1,777 | +69.38 | $1,708 |
| Shareholders Equity ($M) | ▲ | $213 | +18.42 | $194 |
| Tang. Book Value ($M) | ▲ | $213 | +18.42 | $194 |
| TBV excl. AOCI ($M)** | ▲ | $243 | +17.85 | $225 |
| Loan / Deposit Ratio (%) | ▲ | 70.04% | +0.87 | 69.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.12 | 0.19% |
| Allowance / Loans (%) | — | 0.64% | 0.04% | 0.60% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.18 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▇▇██ | Net Interest Margin (%) | 2.28% | 2.27% | 2.31% | 2.54% | 2.66% | 2.71% | 2.72% | 2.77% |
| ▂▃▁▁▇█▆█ | Return on Assets (%) | 0.56% | 0.57% | 0.53% | 0.54% | 0.64% | 0.66% | 0.62% | 0.66% |
| ▅▄▇█▃▁▃▃ | Efficiency Ratio (%) | 71.7% | 71.1% | 73.1% | 74.3% | 70.6% | 68.9% | 70.4% | 70.5% |
| ▇█▆▂▁▁▂▁ | Cost of Funds (%) | 1.62% | 1.69% | 1.56% | 1.30% | 1.17% | 1.18% | 1.25% | 1.18% |
| ▁▁▃▃▁▂▁█ | NPA / Assets (%) | 0.13% | 0.14% | 0.18% | 0.19% | 0.13% | 0.16% | 0.13% | 0.30% |
| ▁▂▃▃▁▂▁█ | Net Charge-Off Ratio (%) | 0.23% | 0.26% | 0.30% | 0.31% | 0.21% | 0.26% | 0.21% | 0.49% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $178 | $190 | $184 | $194 | $199 | $206 | $209 | $213 |
| ▁▁▃▃▃▅▇█ | Gross Loans ($M) | $1,165 | $1,171 | $1,189 | $1,188 | $1,197 | $1,219 | $1,241 | $1,253 |
| ▁▁▃▄▃▃▇█ | Total Deposits ($M) | $1,653 | $1,651 | $1,694 | $1,708 | $1,685 | $1,690 | $1,754 | $1,777 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 12% |