Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.17 | 0.95% |
| Return on Equity (%) | ▲ | 12.20% | +1.17 | 11.03% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.10 | 3.51% |
| Efficiency Ratio (%) | ▲ | 56.39% | -6.74 | 63.12% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.44 | $4 |
| Cost of Funds (%) | ▲ | 1.76% | -0.10 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,277 | +170.85 | $1,107 |
| Gross Loans ($M) | ▲ | $969 | +104.62 | $864 |
| Loan Growth YoY (%) | ▼ | 83.13% | -2.00 | 85.13% |
| Total Deposits ($M) | ▲ | $1,153 | +147.76 | $1,005 |
| Shareholders Equity ($M) | ▲ | $119 | +22.55 | $96 |
| Tang. Book Value ($M) | ▲ | $116 | +22.58 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $120 | +22.23 | $97 |
| Loan / Deposit Ratio (%) | ▼ | 83.13% | -2.00 | 85.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 1.11% | 0.08% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.89% | +1.20 | 11.68% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▇▇▇█ | Net Interest Margin (%) | 3.17% | 3.21% | 3.27% | 3.51% | 3.51% | 3.54% | 3.55% | 3.60% |
| ▁▁▃▄▄▆▆█ | Return on Assets (%) | 0.82% | 0.85% | 0.91% | 0.95% | 0.96% | 1.01% | 1.03% | 1.12% |
| █▇▆▆▅▄▃▁ | Efficiency Ratio (%) | 66.8% | 65.2% | 63.9% | 63.1% | 61.8% | 60.5% | 59.5% | 56.4% |
| ▅█▆▂▂▆▂▁ | Cost of Funds (%) | 2.03% | 2.19% | 2.08% | 1.87% | 1.84% | 2.07% | 1.87% | 1.76% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% |
| ▁▂▂▃▃▅██ | Tang. Book Value ($M) | $84 | $88 | $90 | $93 | $95 | $100 | $112 | $116 |
| ▁▂▃▄▄▆▇█ | Gross Loans ($M) | $794 | $818 | $838 | $864 | $881 | $912 | $945 | $969 |
| ▁▂▁▂▅▆██ | Total Deposits ($M) | $975 | $1,003 | $991 | $1,005 | $1,083 | $1,100 | $1,156 | $1,153 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 10% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 23% |