Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.53% | -0.06 | 1.59% |
| Return on Equity (%) | ▼ | 22.62% | -10.70 | 33.32% |
| Net Interest Margin (%) | ▼ | 2.86% | -0.15 | 3.01% |
| Efficiency Ratio (%) | ▲ | 31.43% | -0.42 | 31.85% |
| Pre-Provision Profit ($M) | ▲ | $41 | +4.99 | $36 |
| Cost of Funds (%) | ▼ | 0.95% | +0.13 | 0.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,323 | +1700.63 | $6,623 |
| Gross Loans ($M) | — | $0 | 0.00 | $0 |
| Loan Growth YoY (%) | — | 0.00% | 0.00 | 0.00% |
| Total Deposits ($M) | ▲ | $7,801 | +1543.72 | $6,258 |
| Shareholders Equity ($M) | ▲ | $509 | +155.47 | $354 |
| Tang. Book Value ($M) | ▲ | $509 | +155.47 | $354 |
| TBV excl. AOCI ($M)** | ▲ | $829 | +229.58 | $599 |
| Loan / Deposit Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.00% | — | 0.00% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 35.59% | -0.59 | 36.18% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄████▇ | Net Interest Margin (%) | 1.81% | 1.94% | 2.28% | 3.01% | 3.00% | 2.87% | 2.93% | 2.86% |
| ▇▁▃█████ | Return on Assets (%) | 0.83% | -3.52% | -2.23% | 1.59% | 1.61% | 1.55% | 1.59% | 1.53% |
| █▇▄▁▁▁▁▁ | Efficiency Ratio (%) | 42.2% | 39.8% | 36.3% | 31.8% | 31.4% | 31.7% | 32.0% | 31.4% |
| ▃▁▆▂▃▃█▅ | Cost of Funds (%) | 0.88% | 0.76% | 1.01% | 0.82% | 0.87% | 0.86% | 1.11% | 0.95% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▂▅▆▇██ | Tang. Book Value ($M) | $197 | $331 | $253 | $354 | $397 | $465 | $510 | $509 |
| ▄▄▄▄▄▄▄▄ | Gross Loans ($M) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| ▂▅▁▂▄▇▂█ | Total Deposits ($M) | $6,131 | $6,953 | $5,854 | $6,258 | $6,643 | $7,489 | $6,244 | $7,801 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 47% |
| Interest-Bearing (core) | 53% |