Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.10 | 1.13% |
| Return on Equity (%) | ▲ | 10.99% | +0.46 | 10.53% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.35 | 3.41% |
| Efficiency Ratio (%) | ▲ | 52.46% | -4.08 | 56.55% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.82 | $4 |
| Cost of Funds (%) | ▲ | 2.15% | -0.07 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,068 | +46.32 | $1,021 |
| Gross Loans ($M) | ▲ | $878 | +69.22 | $809 |
| Loan Growth YoY (%) | ▲ | 98.26% | +5.50 | 92.76% |
| Total Deposits ($M) | ▲ | $885 | +21.42 | $864 |
| Shareholders Equity ($M) | ▲ | $120 | +9.28 | $111 |
| Tang. Book Value ($M) | ▲ | $119 | +9.14 | $110 |
| TBV excl. AOCI ($M)** | ▲ | $124 | +9.40 | $115 |
| Loan / Deposit Ratio (%) | ▲ | 98.26% | +5.50 | 92.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.23 | 0.26% |
| Allowance / Loans (%) | — | 0.98% | -0.00% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.02 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.77% | -0.09 | 14.87% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 3.16% | 3.16% | 3.18% | 3.41% | 3.47% | 3.51% | 3.55% | 3.76% |
| ▁▂▂▆▆▅▆█ | Return on Assets (%) | 0.87% | 0.95% | 0.94% | 1.13% | 1.11% | 1.09% | 1.14% | 1.23% |
| █▆▆▃▃▃▂▁ | Efficiency Ratio (%) | 65.5% | 61.6% | 61.7% | 56.5% | 56.5% | 56.1% | 55.2% | 52.5% |
| ▇█▁▃▇▇▂▁ | Cost of Funds (%) | 2.36% | 2.43% | 2.18% | 2.22% | 2.36% | 2.37% | 2.19% | 2.15% |
| █▆▄▄▅▄▁▁ | NPA / Assets (%) | 0.57% | 0.42% | 0.29% | 0.26% | 0.31% | 0.26% | 0.03% | 0.03% |
| █▁▁▁▂▁▁▁ | Net Charge-Off Ratio (%) | 0.60% | 0.03% | 0.04% | 0.01% | 0.11% | 0.05% | 0.04% | 0.03% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $102 | $106 | $108 | $110 | $112 | $115 | $117 | $119 |
| ▁▂▄▄▆▇██ | Gross Loans ($M) | $759 | $780 | $805 | $809 | $844 | $857 | $876 | $878 |
| ▁▁▆▇▃▃▇█ | Total Deposits ($M) | $797 | $803 | $855 | $864 | $826 | $819 | $865 | $885 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 12% |