Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.38 | 0.62% |
| Return on Equity (%) | ▲ | 6.23% | +2.36 | 3.87% |
| Net Interest Margin (%) | ▲ | 2.99% | +0.53 | 2.46% |
| Efficiency Ratio (%) | ▲ | 57.26% | -10.32 | 67.57% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.44 | $2 |
| Cost of Funds (%) | ▲ | 2.68% | -0.19 | 2.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,058 | +56.04 | $1,002 |
| Gross Loans ($M) | ▲ | $911 | +20.38 | $890 |
| Loan Growth YoY (%) | ▲ | 146.95% | +4.29 | 142.65% |
| Total Deposits ($M) | ▼ | $617 | -4.27 | $621 |
| Shareholders Equity ($M) | ▲ | $168 | +8.57 | $159 |
| Tang. Book Value ($M) | ▲ | $167 | +8.96 | $158 |
| TBV excl. AOCI ($M)** | ▲ | $170 | +9.15 | $161 |
| Loan / Deposit Ratio (%) | ▲ | 146.95% | +4.29 | 142.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.44% | +0.23 | 0.21% |
| Allowance / Loans (%) | — | 0.44% | -0.01% | 0.45% |
| Net Charge-Off Ratio (%) | ▼ | 0.52% | +0.28 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▄▅█ | Net Interest Margin (%) | 2.03% | 2.04% | 2.17% | 2.46% | 2.47% | 2.51% | 2.58% | 2.99% |
| ▁▁▁▄▃▄▅█ | Return on Assets (%) | 0.37% | 0.41% | 0.41% | 0.62% | 0.61% | 0.67% | 0.69% | 0.99% |
| ███▅▅▄▄▁ | Efficiency Ratio (%) | 77.4% | 75.5% | 76.3% | 67.6% | 68.7% | 66.5% | 66.4% | 57.3% |
| ▆▇█▅▆▅▂▁ | Cost of Funds (%) | 2.91% | 2.97% | 3.02% | 2.87% | 2.92% | 2.89% | 2.76% | 2.68% |
| █▆▁▁▃▄▂▂ | NPA / Assets (%) | 1.37% | 0.94% | 0.14% | 0.21% | 0.59% | 0.62% | 0.42% | 0.44% |
| █▆▁▁▃▄▂▃ | Net Charge-Off Ratio (%) | 1.55% | 1.08% | 0.16% | 0.24% | 0.66% | 0.69% | 0.47% | 0.52% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $153 | $155 | $155 | $158 | $160 | $162 | $164 | $167 |
| ▁▁▁▃▂▄█▆ | Gross Loans ($M) | $878 | $873 | $873 | $890 | $881 | $892 | $923 | $911 |
| ▁▆▁▇█▇▅▆ | Total Deposits ($M) | $590 | $616 | $592 | $621 | $627 | $621 | $609 | $617 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 36% |