Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.78% | -0.03 | 1.81% |
| Return on Equity (%) | ▼ | 15.92% | -0.78 | 16.70% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.26 | 4.01% |
| Efficiency Ratio (%) | ▼ | 61.84% | +2.04 | 59.79% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.14 | $4 |
| Cost of Funds (%) | ▲ | 1.98% | -0.24 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $970 | +45.08 | $924 |
| Gross Loans ($M) | ▲ | $720 | +71.18 | $649 |
| Loan Growth YoY (%) | ▲ | 83.54% | +4.82 | 78.72% |
| Total Deposits ($M) | ▲ | $848 | +37.17 | $811 |
| Shareholders Equity ($M) | ▲ | $109 | +8.40 | $101 |
| Tang. Book Value ($M) | ▲ | $103 | +8.40 | $95 |
| TBV excl. AOCI ($M)** | ▲ | $106 | +8.37 | $97 |
| Loan / Deposit Ratio (%) | ▲ | 83.54% | +4.82 | 78.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.12% | -0.79 | 1.91% |
| Allowance / Loans (%) | — | 1.56% | -0.01% | 1.56% |
| Net Charge-Off Ratio (%) | ▲ | 1.51% | -1.21 | 2.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.03% | -0.24 | 14.27% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▆██▇ | Net Interest Margin (%) | 3.95% | 3.99% | 4.04% | 4.01% | 4.22% | 4.30% | 4.35% | 4.27% |
| ▁▄▅▅█▄▃▄ | Return on Assets (%) | 1.34% | 1.79% | 1.81% | 1.81% | 2.25% | 1.70% | 1.67% | 1.78% |
| █▇▇▇▁▅▆█ | Efficiency Ratio (%) | 61.9% | 60.2% | 59.9% | 59.8% | 51.5% | 57.3% | 58.7% | 61.8% |
| ██▇▃▃▄▂▁ | Cost of Funds (%) | 2.66% | 2.63% | 2.53% | 2.22% | 2.16% | 2.25% | 2.07% | 1.98% |
| ▁▁▇██▇▆▅ | NPA / Assets (%) | 0.07% | 0.07% | 1.78% | 1.91% | 2.08% | 1.79% | 1.38% | 1.12% |
| ▁▁██▅▅▅▅ | Net Charge-Off Ratio (%) | 0.10% | 0.10% | 2.56% | 2.72% | 1.60% | 1.45% | 1.56% | 1.51% |
| ▁▃▄▄▆▇██ | Tang. Book Value ($M) | $86 | $92 | $93 | $95 | $98 | $99 | $102 | $103 |
| ▁▂▂▃▅▇██ | Gross Loans ($M) | $615 | $632 | $635 | $649 | $675 | $706 | $712 | $720 |
| ▁▄▃▄▆▆██ | Total Deposits ($M) | $776 | $808 | $802 | $811 | $829 | $834 | $854 | $848 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 11% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 12% |