Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.86% | +0.05 | 1.81% |
| Return on Equity (%) | ▼ | 20.78% | -0.38 | 21.16% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.09 | 4.32% |
| Efficiency Ratio (%) | ▲ | 57.79% | -1.88 | 59.67% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.50 | $3 |
| Cost of Funds (%) | ▲ | 1.24% | -0.06 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $790 | +71.83 | $718 |
| Gross Loans ($M) | ▲ | $534 | +5.76 | $528 |
| Loan Growth YoY (%) | ▼ | 73.22% | -6.23 | 79.45% |
| Total Deposits ($M) | ▲ | $719 | +63.45 | $655 |
| Shareholders Equity ($M) | ▲ | $69 | +8.41 | $61 |
| Tang. Book Value ($M) | ▲ | $69 | +8.41 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +9.72 | $66 |
| Loan / Deposit Ratio (%) | ▼ | 73.22% | -6.23 | 79.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.06 | 0.18% |
| Allowance / Loans (%) | — | 1.51% | 0.00% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.11 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.20% | +0.87 | 13.33% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▅▆████ | Net Interest Margin (%) | 4.04% | 4.19% | 4.25% | 4.32% | 4.39% | 4.40% | 4.41% | 4.41% |
| ▁▃▄█████ | Return on Assets (%) | 1.44% | 1.56% | 1.64% | 1.81% | 1.83% | 1.83% | 1.84% | 1.86% |
| █▇▆▃▃▂▁▁ | Efficiency Ratio (%) | 65.1% | 63.9% | 62.5% | 59.7% | 59.6% | 59.3% | 58.6% | 57.8% |
| █▅▄▂▅▄▃▁ | Cost of Funds (%) | 1.58% | 1.45% | 1.39% | 1.31% | 1.43% | 1.41% | 1.36% | 1.24% |
| ▁▃▄▂▆▆█▇ | NPA / Assets (%) | 0.16% | 0.19% | 0.20% | 0.18% | 0.22% | 0.22% | 0.25% | 0.23% |
| ▁▂▃▂▃▃██ | Net Charge-Off Ratio (%) | 0.20% | 0.23% | 0.25% | 0.23% | 0.24% | 0.25% | 0.33% | 0.34% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $55 | $59 | $58 | $61 | $63 | $67 | $68 | $69 |
| ▁▆▁▂▁▆█▆ | Gross Loans ($M) | $526 | $535 | $526 | $528 | $525 | $534 | $539 | $534 |
| ▁▁▁▄▄▄▅█ | Total Deposits ($M) | $600 | $594 | $606 | $655 | $652 | $653 | $672 | $719 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 14% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |