Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.45% | -0.07 | 1.53% |
| Return on Equity (%) | ▼ | 13.77% | -1.00 | 14.77% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.04 | 3.87% |
| Efficiency Ratio (%) | ▲ | 47.59% | -0.54 | 48.13% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.56 | $5 |
| Cost of Funds (%) | ▲ | 2.26% | -0.12 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,002 | +86.23 | $916 |
| Gross Loans ($M) | ▲ | $789 | +43.45 | $746 |
| Loan Growth YoY (%) | ▼ | 96.80% | -5.41 | 102.21% |
| Total Deposits ($M) | ▲ | $801 | +84.04 | $717 |
| Shareholders Equity ($M) | ▲ | $107 | +12.68 | $94 |
| Tang. Book Value ($M) | ▲ | $107 | +12.68 | $94 |
| TBV excl. AOCI ($M)** | ▲ | $108 | +12.68 | $96 |
| Loan / Deposit Ratio (%) | ▼ | 96.80% | -5.41 | 102.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.20 | 0.14% |
| Allowance / Loans (%) | — | 1.76% | 0.02% | 1.74% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.27 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.04% | +0.72 | 12.31% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▁▁▂▁ | Net Interest Margin (%) | 4.23% | 4.25% | 4.23% | 3.87% | 3.90% | 3.91% | 3.96% | 3.91% |
| ▁▄▇█▅▅▃▅ | Return on Assets (%) | 1.35% | 1.43% | 1.49% | 1.53% | 1.45% | 1.44% | 1.41% | 1.45% |
| █▆▃▁▂▁▃▁ | Efficiency Ratio (%) | 52.8% | 51.2% | 48.9% | 48.1% | 48.5% | 48.2% | 49.3% | 47.6% |
| ▁▆▄▄▇█▄▁ | Cost of Funds (%) | 2.27% | 2.46% | 2.39% | 2.38% | 2.47% | 2.54% | 2.39% | 2.26% |
| ▁▂▄▂▂▂█▇ | NPA / Assets (%) | 0.05% | 0.13% | 0.20% | 0.14% | 0.13% | 0.12% | 0.42% | 0.34% |
| ▁▂▃▃▃▃█▇ | Net Charge-Off Ratio (%) | 0.00% | 0.09% | 0.18% | 0.17% | 0.17% | 0.15% | 0.54% | 0.44% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $87 | $87 | $91 | $94 | $96 | $99 | $103 | $107 |
| ▁▂▂▄▄▄▆█ | Gross Loans ($M) | $713 | $723 | $729 | $746 | $747 | $749 | $769 | $789 |
| ▁▁▁▃▇█▇█ | Total Deposits ($M) | $683 | $676 | $690 | $717 | $776 | $794 | $783 | $801 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 18% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 17% |