Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.10 | 1.02% |
| Return on Equity (%) | ▲ | 10.18% | +1.27 | 8.91% |
| Net Interest Margin (%) | ▼ | 3.42% | -0.03 | 3.45% |
| Efficiency Ratio (%) | ▲ | 56.85% | -0.87 | 57.73% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.92 | $5 |
| Cost of Funds (%) | ▲ | 2.57% | -0.23 | 2.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,513 | +178.30 | $1,335 |
| Gross Loans ($M) | ▲ | $948 | +69.99 | $878 |
| Loan Growth YoY (%) | ▼ | 76.65% | -2.83 | 79.49% |
| Total Deposits ($M) | ▲ | $1,229 | +131.94 | $1,097 |
| Shareholders Equity ($M) | ▲ | $167 | +14.50 | $152 |
| Tang. Book Value ($M) | ▲ | $166 | +14.42 | $152 |
| TBV excl. AOCI ($M)** | ▲ | $186 | +21.10 | $165 |
| Loan / Deposit Ratio (%) | ▼ | 76.65% | -2.83 | 79.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 0.67% | -0.06% | 0.73% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.40% | -0.30 | 15.70% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃█▇▇██ | Net Interest Margin (%) | 3.20% | 3.25% | 3.28% | 3.45% | 3.41% | 3.39% | 3.42% | 3.42% |
| ▅▂▇▅▁▃▅█ | Return on Assets (%) | 1.01% | 0.92% | 1.07% | 1.02% | 0.89% | 0.96% | 1.01% | 1.12% |
| ▅▆▁▅█▇▇▄ | Efficiency Ratio (%) | 57.3% | 57.8% | 54.7% | 57.7% | 59.6% | 58.8% | 58.5% | 56.9% |
| ▆██▅▆█▄▁ | Cost of Funds (%) | 2.83% | 2.94% | 2.95% | 2.79% | 2.81% | 2.92% | 2.73% | 2.57% |
| ███▁▁▁▇▅ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% |
| ███▁▁▁█▅ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.02% | 0.01% |
| ▁▁▃▃▄▆▇█ | Tang. Book Value ($M) | $143 | $144 | $150 | $152 | $154 | $158 | $162 | $166 |
| ▁▁▁▃▂▄▆█ | Gross Loans ($M) | $858 | $863 | $854 | $878 | $877 | $892 | $924 | $948 |
| ▁▂▃▄▅███ | Total Deposits ($M) | $998 | $1,030 | $1,063 | $1,097 | $1,114 | $1,206 | $1,204 | $1,229 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 25% |