Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.76% | +0.41 | 0.35% |
| Return on Equity (%) | ▲ | 7.90% | +4.50 | 3.40% |
| Net Interest Margin (%) | ▲ | 2.47% | +0.59 | 1.88% |
| Efficiency Ratio (%) | ▲ | 56.71% | -19.22 | 75.93% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.72 | $2 |
| Cost of Funds (%) | ▲ | 2.88% | -0.18 | 3.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,650 | +198.21 | $1,452 |
| Gross Loans ($M) | ▲ | $1,402 | +215.46 | $1,186 |
| Loan Growth YoY (%) | ▲ | 114.91% | +2.97 | 111.94% |
| Total Deposits ($M) | ▲ | $1,211 | +158.92 | $1,052 |
| Shareholders Equity ($M) | ▲ | $158 | +11.51 | $147 |
| Tang. Book Value ($M) | ▲ | $158 | +11.51 | $147 |
| TBV excl. AOCI ($M)** | ▲ | $162 | +11.84 | $151 |
| Loan / Deposit Ratio (%) | ▲ | 114.91% | +2.97 | 111.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.01 | 0.09% |
| Allowance / Loans (%) | — | 0.74% | 0.00% | 0.74% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.02 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.60% | -1.65 | 15.25% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▄▅█ | Net Interest Margin (%) | 1.84% | 1.86% | 1.89% | 1.88% | 1.99% | 2.08% | 2.15% | 2.47% |
| ▁▁▂▃▃▄▅█ | Return on Assets (%) | 0.20% | 0.24% | 0.28% | 0.35% | 0.36% | 0.45% | 0.50% | 0.76% |
| ███▇▄▃▃▁ | Efficiency Ratio (%) | 82.1% | 80.3% | 79.6% | 75.9% | 68.5% | 65.9% | 64.5% | 56.7% |
| ▆█▆▄▄▆▃▁ | Cost of Funds (%) | 3.15% | 3.24% | 3.15% | 3.06% | 3.06% | 3.11% | 2.99% | 2.88% |
| ▃▂█▂▂▁▁▁ | NPA / Assets (%) | 0.09% | 0.08% | 0.14% | 0.09% | 0.08% | 0.07% | 0.07% | 0.07% |
| ▃▂█▃▂▁▁▁ | Net Charge-Off Ratio (%) | 0.11% | 0.10% | 0.17% | 0.11% | 0.10% | 0.09% | 0.08% | 0.09% |
| ▁▁▂▃▃▅▆█ | Tang. Book Value ($M) | $142 | $143 | $146 | $147 | $148 | $151 | $154 | $158 |
| ▁▁▁▃▅▆██ | Gross Loans ($M) | $1,113 | $1,125 | $1,145 | $1,186 | $1,293 | $1,316 | $1,382 | $1,402 |
| ▁▁▂▄▅▆▆█ | Total Deposits ($M) | $950 | $960 | $1,015 | $1,052 | $1,081 | $1,120 | $1,144 | $1,211 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 42% |