Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.28% | +0.02 | 1.25% |
| Return on Equity (%) | ▲ | 16.28% | +0.62 | 15.66% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.05 | 3.86% |
| Efficiency Ratio (%) | ▲ | 57.66% | -1.93 | 59.59% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.82 | $3 |
| Cost of Funds (%) | ▼ | 2.01% | +0.16 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $873 | +152.00 | $721 |
| Gross Loans ($M) | ▲ | $693 | +126.82 | $566 |
| Loan Growth YoY (%) | ▲ | 85.93% | +0.61 | 85.32% |
| Total Deposits ($M) | ▲ | $800 | +141.82 | $658 |
| Shareholders Equity ($M) | ▲ | $67 | +9.61 | $58 |
| Tang. Book Value ($M) | ▲ | $67 | +9.61 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +9.49 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 85.93% | +0.61 | 85.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.06 | 0.10% |
| Allowance / Loans (%) | — | 0.77% | -0.01% | 0.79% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.01 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆███▆ | Net Interest Margin (%) | 3.56% | 3.55% | 3.64% | 3.86% | 4.00% | 4.04% | 4.05% | 3.92% |
| ▁▁▁▇███▇ | Return on Assets (%) | 1.04% | 1.01% | 1.02% | 1.25% | 1.29% | 1.32% | 1.33% | 1.28% |
| ███▃▁▂▂▁ | Efficiency Ratio (%) | 64.6% | 64.5% | 65.0% | 59.6% | 58.5% | 58.6% | 58.6% | 57.7% |
| ▁█▄▁▃▂▃▅ | Cost of Funds (%) | 1.87% | 2.15% | 1.96% | 1.84% | 1.93% | 1.92% | 1.93% | 2.01% |
| ▅▂▄▂▁█▃█ | NPA / Assets (%) | 0.12% | 0.10% | 0.11% | 0.10% | 0.08% | 0.16% | 0.10% | 0.16% |
| █▇█▇▁▆▃▇ | Net Charge-Off Ratio (%) | 0.16% | 0.13% | 0.14% | 0.12% | 0.01% | 0.11% | 0.05% | 0.13% |
| ▁▂▂▃▃▆██ | Tang. Book Value ($M) | $54 | $57 | $55 | $58 | $59 | $63 | $66 | $67 |
| ▁▁▃▃▄▆▇█ | Gross Loans ($M) | $508 | $522 | $559 | $566 | $593 | $627 | $669 | $693 |
| ▁▁▁▃▃▄▆█ | Total Deposits ($M) | $610 | $624 | $619 | $658 | $662 | $704 | $750 | $800 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 15% |