Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.74% | +0.14 | 1.60% |
| Return on Equity (%) | ▲ | 10.57% | +0.57 | 10.00% |
| Net Interest Margin (%) | ▲ | 3.43% | +0.10 | 3.33% |
| Efficiency Ratio (%) | ▲ | 27.76% | -3.68 | 31.44% |
| Pre-Provision Profit ($M) | ▲ | $9 | +0.95 | $8 |
| Cost of Funds (%) | ▼ | 1.62% | +0.04 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,442 | +61.34 | $1,381 |
| Gross Loans ($M) | ▲ | $1,235 | +8.94 | $1,226 |
| Loan Growth YoY (%) | ▲ | 130.88% | +1.07 | 129.81% |
| Total Deposits ($M) | ▼ | $941 | -0.90 | $941 |
| Shareholders Equity ($M) | ▲ | $239 | +13.03 | $226 |
| Tang. Book Value ($M) | ▲ | $239 | +13.03 | $226 |
| Loan / Deposit Ratio (%) | ▲ | 130.88% | +1.07 | 129.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.31% | 0.00% | 0.30% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 27.57% | -0.59 | 28.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▃▃█ | Net Interest Margin (%) | 3.23% | 3.24% | 3.24% | 3.33% | 3.32% | 3.30% | 3.29% | 3.43% |
| ▆▅▃▁▃▂▁█ | Return on Assets (%) | 1.69% | 1.67% | 1.64% | 1.60% | 1.63% | 1.62% | 1.59% | 1.74% |
| ▂▃▃█▆▆█▁ | Efficiency Ratio (%) | 28.5% | 28.8% | 29.1% | 31.4% | 30.5% | 30.2% | 31.4% | 27.8% |
| ▅▆▂▁▃██▃ | Cost of Funds (%) | 1.66% | 1.67% | 1.60% | 1.58% | 1.62% | 1.70% | 1.70% | 1.62% |
| ▁█▁▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $216 | $220 | $223 | $226 | $229 | $232 | $235 | $239 |
| ▇▆█▄▁▁█▇ | Gross Loans ($M) | $1,236 | $1,232 | $1,243 | $1,226 | $1,209 | $1,212 | $1,241 | $1,235 |
| ▃▁▇█▅███ | Total Deposits ($M) | $918 | $909 | $934 | $941 | $928 | $938 | $939 | $941 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 29% |