Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.16% | +0.04 | 0.12% |
| Return on Equity (%) | ▲ | 0.88% | +0.21 | 0.67% |
| Net Interest Margin (%) | ▲ | 2.36% | +0.34 | 2.02% |
| Efficiency Ratio (%) | ▲ | 90.61% | -1.05 | 91.66% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $0 |
| Cost of Funds (%) | ▲ | 1.95% | -0.26 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,308 | +30.70 | $1,277 |
| Gross Loans ($M) | ▲ | $892 | +65.71 | $826 |
| Loan Growth YoY (%) | ▲ | 92.47% | +5.42 | 87.05% |
| Total Deposits ($M) | ▲ | $957 | +15.37 | $942 |
| Shareholders Equity ($M) | ▲ | $239 | +6.72 | $233 |
| Tang. Book Value ($M) | ▲ | $229 | +7.04 | $222 |
| TBV excl. AOCI ($M)** | ▲ | $241 | +6.13 | $235 |
| Loan / Deposit Ratio (%) | ▲ | 92.47% | +5.42 | 87.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.02 | 0.02% |
| Allowance / Loans (%) | — | 0.77% | -0.01% | 0.78% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.03 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 1.87% | 1.89% | 1.91% | 2.02% | 2.09% | 2.15% | 2.18% | 2.36% |
| ▁▃▄█████ | Return on Assets (%) | -0.41% | -0.25% | -0.16% | 0.12% | 0.13% | 0.12% | 0.14% | 0.16% |
| █▆▅▁▁▁▁▁ | Efficiency Ratio (%) | 115.3% | 108.0% | 104.2% | 91.7% | 92.9% | 92.5% | 91.3% | 90.6% |
| ▇█▅▃▂▂▂▁ | Cost of Funds (%) | 2.59% | 2.69% | 2.38% | 2.21% | 2.12% | 2.05% | 2.04% | 1.95% |
| ▂▁▇▁▇▆█▃ | NPA / Assets (%) | 0.03% | 0.01% | 0.08% | 0.02% | 0.08% | 0.07% | 0.10% | 0.04% |
| ▂▁▇▁▇▆█▃ | Net Charge-Off Ratio (%) | 0.05% | 0.02% | 0.12% | 0.03% | 0.13% | 0.11% | 0.14% | 0.06% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $217 | $223 | $219 | $222 | $224 | $226 | $229 | $229 |
| ▁▂▄▃▃▆▇█ | Gross Loans ($M) | $787 | $805 | $829 | $826 | $823 | $853 | $872 | $892 |
| ▃▁▁▃▄▆██ | Total Deposits ($M) | $942 | $938 | $936 | $942 | $945 | $950 | $955 | $957 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 20% |