Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.18 | 0.95% |
| Return on Equity (%) | ▲ | 9.22% | +1.28 | 7.94% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.32 | 2.62% |
| Efficiency Ratio (%) | ▲ | 50.65% | -2.45 | 53.10% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.46 | $7 |
| Cost of Funds (%) | ▲ | 2.08% | -0.19 | 2.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,349 | +79.80 | $2,269 |
| Gross Loans ($M) | ▲ | $1,974 | +103.27 | $1,870 |
| Loan Growth YoY (%) | ▲ | 98.04% | +1.98 | 96.05% |
| Total Deposits ($M) | ▲ | $1,993 | +65.14 | $1,928 |
| Shareholders Equity ($M) | ▲ | $287 | +15.80 | $272 |
| Tang. Book Value ($M) | ▲ | $287 | +15.77 | $271 |
| TBV excl. AOCI ($M)** | ▲ | $298 | +15.67 | $282 |
| Loan / Deposit Ratio (%) | ▲ | 98.04% | +1.98 | 96.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Allowance / Loans (%) | — | 1.01% | 0.01% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.05 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.38% | -0.06 | 15.44% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.22% | 2.29% | 2.37% | 2.62% | 2.69% | 2.73% | 2.76% | 2.93% |
| ▁▁▂▄▄▅▆█ | Return on Assets (%) | 0.79% | 0.80% | 0.84% | 0.95% | 0.96% | 0.98% | 1.01% | 1.12% |
| █▇▆▃▂▂▁▁ | Efficiency Ratio (%) | 59.5% | 58.1% | 56.5% | 53.1% | 52.2% | 52.3% | 50.7% | 50.7% |
| ▇█▆▃▃▃▂▁ | Cost of Funds (%) | 2.54% | 2.63% | 2.43% | 2.27% | 2.22% | 2.24% | 2.21% | 2.08% |
| ▁▁█▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.45% | 0.00% | 0.00% | 0.00% | 0.05% | 0.04% |
| ▁▁█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.53% | 0.00% | 0.00% | 0.00% | 0.05% | 0.05% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $258 | $263 | $265 | $271 | $276 | $282 | $283 | $287 |
| ▁▁▃▃▅▆██ | Gross Loans ($M) | $1,827 | $1,843 | $1,872 | $1,870 | $1,917 | $1,938 | $1,975 | $1,974 |
| ▂▄▁▃▁▇▇█ | Total Deposits ($M) | $1,918 | $1,940 | $1,899 | $1,928 | $1,903 | $1,971 | $1,980 | $1,993 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 32% |