Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.58% | -0.18 | 0.75% |
| Return on Equity (%) | ▼ | 6.18% | -1.99 | 8.17% |
| Net Interest Margin (%) | ▲ | 3.28% | +0.25 | 3.03% |
| Efficiency Ratio (%) | ▲ | 68.35% | -0.98 | 69.33% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.94 | $3 |
| Cost of Funds (%) | ▲ | 2.28% | -0.45 | 2.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,356 | +306.73 | $1,049 |
| Gross Loans ($M) | ▲ | $1,025 | +252.17 | $773 |
| Loan Growth YoY (%) | ▲ | 85.61% | +3.00 | 82.61% |
| Total Deposits ($M) | ▲ | $1,184 | +259.10 | $925 |
| Shareholders Equity ($M) | ▲ | $122 | +25.43 | $96 |
| Tang. Book Value ($M) | ▲ | $122 | +25.43 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $130 | +25.07 | $105 |
| Loan / Deposit Ratio (%) | ▲ | 85.61% | +3.00 | 82.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.45% | -0.12 | 0.57% |
| Allowance / Loans (%) | — | 1.14% | -0.03% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.35 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.48% | -0.36 | 11.84% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▅▇█ | Net Interest Margin (%) | 2.74% | 2.78% | 2.83% | 3.03% | 3.05% | 3.06% | 3.16% | 3.28% |
| ▇▇█▆▇▆█▁ | Return on Assets (%) | 0.80% | 0.79% | 0.84% | 0.75% | 0.78% | 0.75% | 0.81% | 0.58% |
| ▂▁▁▇██▅▅ | Efficiency Ratio (%) | 65.6% | 64.8% | 64.5% | 69.3% | 70.9% | 70.2% | 67.9% | 68.4% |
| ██▇▄▅▂▃▁ | Cost of Funds (%) | 3.24% | 3.35% | 3.11% | 2.73% | 2.85% | 2.49% | 2.63% | 2.28% |
| █▆▄▂▂▁▂▁ | NPA / Assets (%) | 0.98% | 0.81% | 0.71% | 0.57% | 0.54% | 0.47% | 0.54% | 0.45% |
| █▇▃▃▁▁▂▁ | Net Charge-Off Ratio (%) | 1.27% | 1.08% | 0.59% | 0.59% | 0.35% | 0.32% | 0.46% | 0.24% |
| ▁▁▁▂▂▇██ | Tang. Book Value ($M) | $90 | $93 | $94 | $96 | $98 | $117 | $121 | $122 |
| ▁▁▁▁▂▄▆█ | Gross Loans ($M) | $772 | $756 | $761 | $773 | $815 | $878 | $955 | $1,025 |
| ▁▁▂▃▂▇▆█ | Total Deposits ($M) | $787 | $804 | $847 | $925 | $861 | $1,089 | $1,070 | $1,184 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 19% |