Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.35 | 0.59% |
| Return on Equity (%) | ▲ | 10.73% | +3.45 | 7.28% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.58 | 2.89% |
| Efficiency Ratio (%) | ▲ | 63.30% | -11.58 | 74.88% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.25 | $2 |
| Cost of Funds (%) | ▲ | 1.91% | -0.18 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $863 | +45.95 | $817 |
| Gross Loans ($M) | ▲ | $633 | +28.51 | $605 |
| Loan Growth YoY (%) | ▲ | 88.25% | +6.76 | 81.49% |
| Total Deposits ($M) | ▼ | $712 | -24.29 | $737 |
| Shareholders Equity ($M) | ▲ | $77 | +8.68 | $69 |
| Tang. Book Value ($M) | ▲ | $70 | +8.69 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +8.13 | $69 |
| Loan / Deposit Ratio (%) | ▲ | 88.25% | +6.76 | 81.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.26 | 0.46% |
| Allowance / Loans (%) | — | 0.70% | -0.01% | 0.71% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.42 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.98% | +0.44 | 11.54% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▅█ | Net Interest Margin (%) | 2.84% | 2.81% | 2.82% | 2.89% | 3.01% | 3.08% | 3.16% | 3.47% |
| ▁▁▁▁▁▃▄█ | Return on Assets (%) | 0.62% | 0.62% | 0.59% | 0.59% | 0.61% | 0.69% | 0.75% | 0.95% |
| ▆▆▇█▇▅▄▁ | Efficiency Ratio (%) | 71.8% | 71.7% | 72.8% | 74.9% | 73.3% | 69.3% | 67.8% | 63.3% |
| ▂██▅▂▄▃▁ | Cost of Funds (%) | 1.96% | 2.27% | 2.23% | 2.09% | 1.99% | 2.06% | 2.02% | 1.91% |
| ▁▁▁█▆█▁▁ | NPA / Assets (%) | 0.21% | 0.20% | 0.19% | 0.46% | 0.40% | 0.47% | 0.19% | 0.20% |
| ▂▂▂█▂▄▁▁ | Net Charge-Off Ratio (%) | 0.07% | 0.07% | 0.07% | 0.43% | 0.09% | 0.20% | 0.00% | 0.01% |
| ▁▃▁▂▃▅▇█ | Tang. Book Value ($M) | $59 | $63 | $60 | $62 | $62 | $65 | $69 | $70 |
| ▁▃▄▅▇▇██ | Gross Loans ($M) | $550 | $577 | $587 | $605 | $620 | $627 | $638 | $633 |
| ▁▂█▇█▇▆▅ | Total Deposits ($M) | $652 | $675 | $760 | $737 | $750 | $737 | $722 | $712 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 16% |