Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.69% | +0.29 | 0.40% |
| Return on Equity (%) | ▲ | 7.28% | +3.08 | 4.20% |
| Net Interest Margin (%) | ▲ | 2.81% | +0.06 | 2.75% |
| Efficiency Ratio (%) | ▲ | 68.75% | -12.04 | 80.78% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.63 | $3 |
| Cost of Funds (%) | ▲ | 1.83% | -0.16 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,556 | +267.02 | $2,289 |
| Gross Loans ($M) | ▲ | $1,678 | +115.16 | $1,563 |
| Loan Growth YoY (%) | ▼ | 73.98% | -2.86 | 76.84% |
| Total Deposits ($M) | ▲ | $2,248 | +233.82 | $2,015 |
| Shareholders Equity ($M) | ▲ | $240 | +21.06 | $218 |
| Tang. Book Value ($M) | ▲ | $233 | +21.24 | $211 |
| TBV excl. AOCI ($M)** | ▲ | $262 | +23.36 | $238 |
| Loan / Deposit Ratio (%) | ▼ | 73.98% | -2.86 | 76.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.10 | 0.24% |
| Allowance / Loans (%) | — | 0.90% | -0.08% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.14 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.87% | -0.38 | 14.25% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▁▆█▆ | Net Interest Margin (%) | 2.76% | 2.75% | 2.77% | 2.75% | 2.76% | 2.82% | 2.84% | 2.81% |
| ▃▃▁▁▃▆██ | Return on Assets (%) | 0.49% | 0.49% | 0.38% | 0.40% | 0.47% | 0.59% | 0.67% | 0.69% |
| ▅▅██▆▃▂▁ | Efficiency Ratio (%) | 76.9% | 77.1% | 82.5% | 80.8% | 78.0% | 73.6% | 71.6% | 68.7% |
| ▆██▅▆▆▅▁ | Cost of Funds (%) | 2.07% | 2.15% | 2.13% | 1.99% | 2.03% | 2.03% | 2.03% | 1.83% |
| ▁█▅▆▆▅▃▁ | NPA / Assets (%) | 0.13% | 0.28% | 0.21% | 0.24% | 0.23% | 0.22% | 0.17% | 0.14% |
| ▁█▅▆▆▅▃▁ | Net Charge-Off Ratio (%) | 0.19% | 0.42% | 0.31% | 0.36% | 0.35% | 0.33% | 0.26% | 0.21% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $199 | $211 | $204 | $211 | $216 | $222 | $230 | $233 |
| ▁▁▃▃▄▆▇█ | Gross Loans ($M) | $1,502 | $1,506 | $1,553 | $1,563 | $1,580 | $1,629 | $1,652 | $1,678 |
| ▁▂▂▃▅▆▆█ | Total Deposits ($M) | $1,931 | $1,972 | $1,990 | $2,015 | $2,110 | $2,151 | $2,166 | $2,248 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |