Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.27 | 0.66% |
| Return on Equity (%) | ▲ | 10.23% | +2.40 | 7.83% |
| Net Interest Margin (%) | ▲ | 3.28% | +0.56 | 2.71% |
| Efficiency Ratio (%) | ▲ | 59.82% | -8.84 | 68.66% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.19 | $2 |
| Cost of Funds (%) | ▲ | 2.09% | -0.29 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $982 | +22.86 | $960 |
| Gross Loans ($M) | ▲ | $825 | +73.23 | $752 |
| Loan Growth YoY (%) | ▲ | 107.02% | +10.45 | 96.58% |
| Total Deposits ($M) | ▼ | $760 | -7.95 | $768 |
| Shareholders Equity ($M) | ▲ | $90 | +7.07 | $82 |
| Tang. Book Value ($M) | ▲ | $90 | +7.07 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $95 | +4.44 | $91 |
| Loan / Deposit Ratio (%) | ▲ | 107.02% | +10.45 | 96.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.68% | +0.60 | 0.07% |
| Allowance / Loans (%) | — | 1.38% | 0.06% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 0.80% | +0.71 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.94% | +0.09 | 10.85% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.26% | 2.29% | 2.36% | 2.71% | 2.79% | 2.86% | 2.94% | 3.28% |
| ▂▁▁▃▃▅▅█ | Return on Assets (%) | 0.62% | 0.56% | 0.57% | 0.66% | 0.67% | 0.75% | 0.77% | 0.92% |
| ███▅▄▃▃▁ | Efficiency Ratio (%) | 75.9% | 74.7% | 74.0% | 68.7% | 66.6% | 65.1% | 64.6% | 59.8% |
| ██▆▄▄▃▂▁ | Cost of Funds (%) | 2.69% | 2.75% | 2.55% | 2.38% | 2.35% | 2.34% | 2.18% | 2.09% |
| ▁▁▁▁▁▇██ | NPA / Assets (%) | 0.03% | 0.03% | 0.09% | 0.07% | 0.03% | 0.53% | 0.68% | 0.68% |
| ▁▁▁▁▁▇██ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.11% | 0.09% | 0.04% | 0.65% | 0.82% | 0.80% |
| ▁▄▃▄▆▆██ | Tang. Book Value ($M) | $76 | $81 | $79 | $82 | $85 | $86 | $88 | $90 |
| ▁▁▁▂▄▄▇█ | Gross Loans ($M) | $740 | $739 | $746 | $752 | $776 | $782 | $813 | $825 |
| ▁▃█▃▄▄▄▂ | Total Deposits ($M) | $754 | $767 | $802 | $768 | $777 | $775 | $772 | $760 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 28% |