Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.29 | 0.83% |
| Return on Equity (%) | ▲ | 12.53% | +3.16 | 9.37% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.29 | 3.45% |
| Efficiency Ratio (%) | ▲ | 61.60% | -6.04 | 67.64% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.21 | $3 |
| Cost of Funds (%) | ▲ | 1.62% | -0.10 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,153 | +95.29 | $1,058 |
| Gross Loans ($M) | ▲ | $951 | +87.23 | $864 |
| Loan Growth YoY (%) | ▲ | 94.39% | +2.72 | 91.66% |
| Total Deposits ($M) | ▲ | $997 | +64.23 | $933 |
| Shareholders Equity ($M) | ▲ | $104 | +10.53 | $93 |
| Tang. Book Value ($M) | ▲ | $102 | +10.53 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +10.76 | $98 |
| Loan / Deposit Ratio (%) | ▲ | 94.39% | +2.72 | 91.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.03 | 0.14% |
| Allowance / Loans (%) | — | 1.02% | 0.03% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.04 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.01% | -0.09 | 12.11% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▆█ | Net Interest Margin (%) | 3.03% | 3.04% | 3.13% | 3.45% | 3.47% | 3.51% | 3.56% | 3.73% |
| ▁▂▂▃▅▄▅█ | Return on Assets (%) | 0.66% | 0.73% | 0.74% | 0.83% | 0.92% | 0.88% | 0.90% | 1.13% |
| █▇▆▆▃▃▃▁ | Efficiency Ratio (%) | 71.0% | 69.4% | 68.5% | 67.6% | 64.9% | 64.3% | 65.1% | 61.6% |
| ██▆▂▃▄▂▁ | Cost of Funds (%) | 2.06% | 2.13% | 1.96% | 1.72% | 1.77% | 1.87% | 1.73% | 1.62% |
| ▆▄▅▄▃██▁ | NPA / Assets (%) | 0.16% | 0.14% | 0.15% | 0.14% | 0.13% | 0.19% | 0.18% | 0.11% |
| ▇▅▅▄▃██▁ | Net Charge-Off Ratio (%) | 0.21% | 0.18% | 0.18% | 0.17% | 0.17% | 0.23% | 0.22% | 0.13% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $87 | $91 | $89 | $92 | $94 | $97 | $100 | $102 |
| ▁▁▁▂▃▅▇█ | Gross Loans ($M) | $846 | $852 | $853 | $864 | $874 | $904 | $935 | $951 |
| ▃▃▁▃▇▇▇█ | Total Deposits ($M) | $931 | $934 | $908 | $933 | $979 | $983 | $985 | $997 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 10% |