Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.28 | 0.84% |
| Return on Equity (%) | ▲ | 12.14% | +3.02 | 9.12% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.15 | 3.34% |
| Efficiency Ratio (%) | ▲ | 53.63% | -5.67 | 59.30% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.52 | $3 |
| Cost of Funds (%) | ▲ | 2.67% | -0.16 | 2.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,240 | +227.99 | $1,012 |
| Gross Loans ($M) | ▲ | $1,058 | +206.91 | $851 |
| Loan Growth YoY (%) | ▼ | 99.98% | -0.99 | 100.97% |
| Total Deposits ($M) | ▲ | $1,047 | +213.32 | $834 |
| Shareholders Equity ($M) | ▲ | $114 | +21.34 | $93 |
| Tang. Book Value ($M) | ▲ | $114 | +21.34 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $117 | +22.38 | $95 |
| Loan / Deposit Ratio (%) | ▼ | 99.98% | -0.99 | 100.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.02 | 0.06% |
| Allowance / Loans (%) | — | 1.00% | -0.02% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.03 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.95% | -0.69 | 11.64% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇▇▇█ | Net Interest Margin (%) | 2.91% | 2.99% | 3.06% | 3.34% | 3.35% | 3.37% | 3.39% | 3.49% |
| ▁▁▂▅▅▆▇█ | Return on Assets (%) | 0.56% | 0.62% | 0.66% | 0.84% | 0.88% | 0.93% | 1.01% | 1.12% |
| █▇▆▄▄▄▂▁ | Efficiency Ratio (%) | 68.3% | 66.2% | 64.5% | 59.3% | 59.8% | 59.4% | 56.9% | 53.6% |
| ▅█▅▃▃▄▃▁ | Cost of Funds (%) | 3.04% | 3.29% | 3.05% | 2.83% | 2.88% | 2.93% | 2.90% | 2.67% |
| ██▅▅▆▁█▇ | NPA / Assets (%) | 0.10% | 0.10% | 0.07% | 0.06% | 0.08% | 0.02% | 0.10% | 0.09% |
| ██▅▅▆▁█▇ | Net Charge-Off Ratio (%) | 0.12% | 0.11% | 0.08% | 0.07% | 0.09% | 0.03% | 0.11% | 0.10% |
| ▁▁▂▃▅▆▆█ | Tang. Book Value ($M) | $83 | $85 | $90 | $93 | $99 | $102 | $106 | $114 |
| ▁▂▃▃▄▆▇█ | Gross Loans ($M) | $743 | $791 | $838 | $851 | $893 | $942 | $989 | $1,058 |
| ▁▁▂▃▄▅▆█ | Total Deposits ($M) | $731 | $758 | $787 | $834 | $856 | $924 | $942 | $1,047 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 23% |