Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.15 | 0.70% |
| Return on Equity (%) | ▲ | 12.35% | +1.27 | 11.08% |
| Net Interest Margin (%) | ▲ | 2.65% | +0.23 | 2.41% |
| Efficiency Ratio (%) | ▲ | 60.66% | -3.68 | 64.34% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.05 | $4 |
| Cost of Funds (%) | ▲ | 1.53% | -0.09 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,843 | +88.16 | $1,755 |
| Gross Loans ($M) | ▲ | $1,296 | +22.88 | $1,273 |
| Loan Growth YoY (%) | ▼ | 76.31% | -1.88 | 78.19% |
| Total Deposits ($M) | ▲ | $1,682 | +69.91 | $1,612 |
| Shareholders Equity ($M) | ▲ | $124 | +12.34 | $112 |
| Tang. Book Value ($M) | ▲ | $124 | +12.34 | $112 |
| TBV excl. AOCI ($M)** | ▲ | $142 | +13.47 | $128 |
| Loan / Deposit Ratio (%) | ▼ | 76.31% | -1.88 | 78.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.00 | 0.03% |
| Allowance / Loans (%) | — | 0.93% | -0.03% | 0.96% |
| Net Charge-Off Ratio (%) | — | 0.04% | 0.00 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.31% | +0.25 | 14.07% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.21% | 2.23% | 2.26% | 2.41% | 2.47% | 2.51% | 2.55% | 2.65% |
| ▁▁▁▃▅▇▇█ | Return on Assets (%) | 0.63% | 0.64% | 0.65% | 0.70% | 0.76% | 0.80% | 0.81% | 0.85% |
| ███▄▄▂▂▁ | Efficiency Ratio (%) | 68.7% | 67.8% | 67.7% | 64.3% | 64.0% | 62.3% | 61.8% | 60.7% |
| ▅█▇▃▄▄▃▁ | Cost of Funds (%) | 1.68% | 1.81% | 1.74% | 1.62% | 1.66% | 1.67% | 1.60% | 1.53% |
| ▄█▁▁▁▁▁▁ | NPA / Assets (%) | 0.05% | 0.07% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| ▄█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.06% | 0.10% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $102 | $114 | $106 | $112 | $114 | $122 | $127 | $124 |
| ▁▁▃▄▅▅▇█ | Gross Loans ($M) | $1,263 | $1,259 | $1,268 | $1,273 | $1,282 | $1,280 | $1,291 | $1,296 |
| ▂▁▁▅▅▅▆█ | Total Deposits ($M) | $1,571 | $1,536 | $1,554 | $1,612 | $1,614 | $1,621 | $1,641 | $1,682 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 11% |