Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.68% | -0.30 | 1.98% |
| Return on Equity (%) | ▼ | 14.92% | -1.87 | 16.79% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.04 | 4.13% |
| Efficiency Ratio (%) | ▼ | 57.25% | +9.03 | 48.22% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.89 | $2 |
| Cost of Funds (%) | ▲ | 1.84% | -0.47 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $740 | +319.66 | $420 |
| Gross Loans ($M) | ▲ | $571 | +210.89 | $360 |
| Loan Growth YoY (%) | ▼ | 86.89% | -9.45 | 96.34% |
| Total Deposits ($M) | ▲ | $649 | +279.95 | $369 |
| Shareholders Equity ($M) | ▲ | $85 | +35.34 | $49 |
| Tang. Book Value ($M) | ▲ | $78 | +29.18 | $49 |
| Loan / Deposit Ratio (%) | ▼ | 86.89% | -9.45 | 96.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Allowance / Loans (%) | — | 1.13% | 0.04% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.05 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.58% | -0.59 | 14.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇▆▆█▇ | Net Interest Margin (%) | 3.43% | 3.58% | 3.70% | 4.13% | 4.00% | 4.02% | 4.33% | 4.16% |
| ▁▃▄███▅▆ | Return on Assets (%) | 0.97% | 1.25% | 1.41% | 1.98% | 1.91% | 1.95% | 1.50% | 1.68% |
| ▇▅▄▂▁▁▆█ | Efficiency Ratio (%) | 54.8% | 52.7% | 50.7% | 48.2% | 46.8% | 46.3% | 53.4% | 57.3% |
| ▄▅▄▄▃▅█▁ | Cost of Funds (%) | 2.39% | 2.53% | 2.35% | 2.31% | 2.14% | 2.46% | 2.96% | 1.84% |
| ▁▁▁▁█▁▂▆ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.00% | 0.01% | 0.04% |
| ▁▁▁▁█▁▂▆ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.00% | 0.01% | 0.05% |
| ▁▁▁▁▁▂██ | Tang. Book Value ($M) | $48 | $50 | $50 | $49 | $51 | $52 | $77 | $78 |
| ▁▁▂▂▃▃██ | Gross Loans ($M) | $298 | $321 | $349 | $360 | $388 | $406 | $601 | $571 |
| ▁▁▁▁▃▂██ | Total Deposits ($M) | $365 | $359 | $374 | $369 | $437 | $426 | $658 | $649 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 5% |