Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.26 | 1.18% |
| Return on Equity (%) | ▲ | 17.36% | +1.85 | 15.51% |
| Net Interest Margin (%) | ▲ | 4.60% | +0.38 | 4.22% |
| Efficiency Ratio (%) | ▲ | 58.43% | -4.88 | 63.31% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.53 | $5 |
| Cost of Funds (%) | ▲ | 1.04% | -0.16 | 1.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,310 | +58.43 | $1,251 |
| Gross Loans ($M) | ▲ | $1,086 | +85.95 | $1,000 |
| Loan Growth YoY (%) | ▲ | 90.95% | +1.92 | 89.02% |
| Total Deposits ($M) | ▲ | $1,185 | +70.12 | $1,114 |
| Shareholders Equity ($M) | ▲ | $110 | +14.76 | $95 |
| Tang. Book Value ($M) | ▲ | $99 | +15.49 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +14.87 | $90 |
| Loan / Deposit Ratio (%) | ▲ | 90.95% | +1.92 | 89.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.17 | 0.19% |
| Allowance / Loans (%) | — | 0.82% | 0.00% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.22 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.72% | +0.49 | 10.23% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 3.78% | 3.79% | 3.93% | 4.22% | 4.29% | 4.35% | 4.41% | 4.60% |
| ▂▁▁▆▆▆▇█ | Return on Assets (%) | 0.76% | 0.63% | 0.70% | 1.18% | 1.21% | 1.24% | 1.29% | 1.45% |
| ███▃▂▂▂▁ | Efficiency Ratio (%) | 74.4% | 76.3% | 75.2% | 63.3% | 62.4% | 62.4% | 61.6% | 58.4% |
| ▇██▆▆▇▅▁ | Cost of Funds (%) | 1.24% | 1.25% | 1.27% | 1.20% | 1.18% | 1.21% | 1.17% | 1.04% |
| ▁▁▃▂▁▁██ | NPA / Assets (%) | 0.15% | 0.15% | 0.22% | 0.19% | 0.16% | 0.17% | 0.37% | 0.36% |
| ▁▁▃▂▁▂██ | Net Charge-Off Ratio (%) | 0.19% | 0.18% | 0.26% | 0.22% | 0.20% | 0.22% | 0.45% | 0.44% |
| ▁▁▁▂▄▆▇█ | Tang. Book Value ($M) | $80 | $81 | $82 | $84 | $88 | $92 | $96 | $99 |
| ▁▄▅▆▇▇██ | Gross Loans ($M) | $834 | $953 | $984 | $1,000 | $1,028 | $1,036 | $1,058 | $1,086 |
| ▁▅▅▆▇███ | Total Deposits ($M) | $948 | $1,086 | $1,092 | $1,114 | $1,140 | $1,170 | $1,178 | $1,185 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 10% |