Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.62% | +0.38 | 0.24% |
| Return on Equity (%) | ▲ | 6.13% | +3.70 | 2.43% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.68 | 3.01% |
| Efficiency Ratio (%) | ▲ | 75.60% | -9.87 | 85.48% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.93 | $2 |
| Cost of Funds (%) | ▲ | 2.12% | -0.39 | 2.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,548 | +47.94 | $1,500 |
| Gross Loans ($M) | ▲ | $1,321 | +23.91 | $1,297 |
| Loan Growth YoY (%) | ▲ | 100.23% | +1.63 | 98.60% |
| Total Deposits ($M) | ▲ | $1,292 | +0.94 | $1,291 |
| Shareholders Equity ($M) | ▲ | $157 | +8.80 | $148 |
| Tang. Book Value ($M) | ▲ | $156 | +8.80 | $148 |
| TBV excl. AOCI ($M)** | ▲ | $160 | +9.33 | $150 |
| Loan / Deposit Ratio (%) | ▲ | 100.23% | +1.63 | 98.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.08% | -0.04 | 1.12% |
| Allowance / Loans (%) | — | 1.95% | 0.11% | 1.84% |
| Net Charge-Off Ratio (%) | ▲ | 1.13% | -0.16 | 1.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.83% | +0.03 | 11.80% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.73% | 2.74% | 2.83% | 3.01% | 3.20% | 3.31% | 3.41% | 3.69% |
| ▁▁▂▂▄▅▇█ | Return on Assets (%) | 0.13% | 0.16% | 0.21% | 0.24% | 0.35% | 0.43% | 0.50% | 0.62% |
| █▇▇▅▃▂▂▁ | Efficiency Ratio (%) | 93.8% | 91.3% | 90.2% | 85.5% | 81.5% | 79.3% | 78.2% | 75.6% |
| ███▇▆▅▂▁ | Cost of Funds (%) | 2.56% | 2.56% | 2.57% | 2.51% | 2.44% | 2.37% | 2.20% | 2.12% |
| ▁▇▆▅▅█▅▅ | NPA / Assets (%) | 0.82% | 1.24% | 1.16% | 1.12% | 1.08% | 1.33% | 1.08% | 1.08% |
| ▁█▇▆▅█▃▃ | Net Charge-Off Ratio (%) | 0.95% | 1.42% | 1.34% | 1.29% | 1.25% | 1.43% | 1.13% | 1.13% |
| ▁▁▂▃▄▆██ | Tang. Book Value ($M) | $144 | $145 | $147 | $148 | $150 | $152 | $155 | $156 |
| ▁▅▆▇▇▆██ | Gross Loans ($M) | $1,219 | $1,281 | $1,295 | $1,297 | $1,308 | $1,293 | $1,322 | $1,321 |
| ▁▅▇▇▆▇█▇ | Total Deposits ($M) | $1,206 | $1,259 | $1,284 | $1,291 | $1,280 | $1,286 | $1,307 | $1,292 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 17% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 22% |