Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.52 | 0.44% |
| Return on Equity (%) | ▲ | 9.62% | +5.50 | 4.12% |
| Net Interest Margin (%) | ▲ | 3.03% | +0.70 | 2.32% |
| Efficiency Ratio (%) | ▲ | 64.81% | -12.91 | 77.72% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.66 | $2 |
| Cost of Funds (%) | ▲ | 2.64% | -0.35 | 2.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,820 | +238.47 | $1,582 |
| Gross Loans ($M) | ▲ | $1,467 | +211.19 | $1,256 |
| Loan Growth YoY (%) | ▲ | 108.18% | +5.72 | 102.46% |
| Total Deposits ($M) | ▲ | $1,342 | +130.53 | $1,212 |
| Shareholders Equity ($M) | ▲ | $188 | +20.71 | $167 |
| Tang. Book Value ($M) | ▲ | $188 | +20.71 | $167 |
| TBV excl. AOCI ($M)** | ▲ | $198 | +21.84 | $176 |
| Loan / Deposit Ratio (%) | ▲ | 108.18% | +5.72 | 102.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.01% | -1.39 | 2.40% |
| Allowance / Loans (%) | — | 1.06% | -0.12% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.78% | -2.24 | 3.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.48% | -0.68 | 12.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▁▃▄█ | Net Interest Margin (%) | 2.40% | 2.40% | 2.35% | 2.32% | 2.37% | 2.51% | 2.65% | 3.03% |
| ▁▁▁▂▁▂▃█ | Return on Assets (%) | 0.33% | 0.33% | 0.32% | 0.44% | 0.37% | 0.43% | 0.51% | 0.96% |
| ███▇▆▅▄▁ | Efficiency Ratio (%) | 80.8% | 81.4% | 81.7% | 77.7% | 77.4% | 74.9% | 72.1% | 64.8% |
| ▇█▆▆▄▇▃▁ | Cost of Funds (%) | 3.12% | 3.19% | 3.02% | 2.99% | 2.90% | 3.06% | 2.82% | 2.64% |
| ▁▁██▁▁▁▁ | NPA / Assets (%) | 1.04% | 0.98% | 2.42% | 2.40% | 1.06% | 1.13% | 0.97% | 1.01% |
| ▂▂██▂▁▁▁ | Net Charge-Off Ratio (%) | 1.21% | 1.15% | 3.03% | 3.02% | 1.30% | 0.89% | 0.74% | 0.78% |
| ▃▁▁▁▁▂▃█ | Tang. Book Value ($M) | $174 | $167 | $169 | $167 | $168 | $171 | $174 | $188 |
| ▁▁▁▁▅▆▇█ | Gross Loans ($M) | $1,260 | $1,262 | $1,239 | $1,256 | $1,376 | $1,396 | $1,419 | $1,467 |
| ▁▁▃▄▆▇██ | Total Deposits ($M) | $1,118 | $1,110 | $1,186 | $1,212 | $1,259 | $1,294 | $1,345 | $1,342 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 24% |