Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.27 | 0.82% |
| Return on Equity (%) | ▲ | 7.93% | +1.36 | 6.57% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.59 | 2.97% |
| Efficiency Ratio (%) | ▲ | 64.37% | -9.83 | 74.20% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.80 | $3 |
| Cost of Funds (%) | ▲ | 1.44% | -0.31 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,456 | -18.04 | $1,474 |
| Gross Loans ($M) | ▼ | $1,080 | -9.48 | $1,089 |
| Loan Growth YoY (%) | ▲ | 87.39% | +2.82 | 84.58% |
| Total Deposits ($M) | ▼ | $1,221 | -53.60 | $1,275 |
| Shareholders Equity ($M) | ▲ | $203 | +14.95 | $188 |
| Tang. Book Value ($M) | ▲ | $203 | +14.98 | $188 |
| TBV excl. AOCI ($M)** | ▲ | $218 | +14.73 | $203 |
| Loan / Deposit Ratio (%) | ▲ | 87.39% | +2.82 | 84.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.58% | -0.01 | 0.59% |
| Allowance / Loans (%) | — | 1.14% | 0.14% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.78% | -0.02 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 2.51% | 2.49% | 2.53% | 2.97% | 3.01% | 3.03% | 3.12% | 3.56% |
| ▄▁▁▆▅▄▁█ | Return on Assets (%) | 0.64% | 0.32% | 0.36% | 0.82% | 0.73% | 0.66% | 0.32% | 1.09% |
| ▇██▇▅▅▄▁ | Efficiency Ratio (%) | 73.6% | 76.2% | 76.3% | 74.2% | 71.4% | 71.3% | 69.5% | 64.4% |
| ▇▇█▄▃▃▄▁ | Cost of Funds (%) | 1.98% | 1.98% | 2.09% | 1.75% | 1.67% | 1.64% | 1.70% | 1.44% |
| ▁▁▆██▇▇█ | NPA / Assets (%) | 0.03% | 0.04% | 0.43% | 0.59% | 0.53% | 0.51% | 0.46% | 0.58% |
| ▁▁▆███▇█ | Net Charge-Off Ratio (%) | 0.05% | 0.06% | 0.59% | 0.79% | 0.73% | 0.72% | 0.62% | 0.78% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $175 | $183 | $181 | $188 | $192 | $196 | $200 | $203 |
| ▆▇█▆▁▆▄▁ | Gross Loans ($M) | $1,090 | $1,092 | $1,096 | $1,089 | $1,078 | $1,091 | $1,085 | $1,080 |
| ▆▇▇▅▅█▄▁ | Total Deposits ($M) | $1,288 | $1,304 | $1,308 | $1,275 | $1,277 | $1,327 | $1,263 | $1,221 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 13% |