Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.40 | 0.81% |
| Return on Equity (%) | ▲ | 11.84% | +4.02 | 7.82% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.28 | 3.76% |
| Efficiency Ratio (%) | ▲ | 61.59% | -6.13 | 67.72% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.63 | $4 |
| Cost of Funds (%) | ▲ | 1.04% | -0.20 | 1.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,423 | +134.64 | $1,288 |
| Gross Loans ($M) | ▲ | $1,099 | +104.65 | $995 |
| Loan Growth YoY (%) | ▼ | 85.70% | -0.38 | 86.08% |
| Total Deposits ($M) | ▲ | $1,268 | +126.14 | $1,142 |
| Shareholders Equity ($M) | ▲ | $144 | +9.84 | $134 |
| Tang. Book Value ($M) | ▲ | $139 | +9.87 | $129 |
| TBV excl. AOCI ($M)** | ▲ | $150 | +9.33 | $140 |
| Loan / Deposit Ratio (%) | ▼ | 85.70% | -0.38 | 86.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.19 | 0.37% |
| Allowance / Loans (%) | — | 1.16% | -0.04% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.73% | +0.24 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.69% | -0.65 | 13.34% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▅▇█ | Net Interest Margin (%) | 3.46% | 3.48% | 3.51% | 3.76% | 3.79% | 3.78% | 3.89% | 4.03% |
| ▁▁▁▁▂▃▅█ | Return on Assets (%) | 0.77% | 0.76% | 0.76% | 0.81% | 0.85% | 0.88% | 1.02% | 1.21% |
| ███▆▅▄▃▁ | Efficiency Ratio (%) | 69.7% | 70.2% | 69.8% | 67.7% | 66.1% | 65.2% | 64.4% | 61.6% |
| ███▄▄▄▅▁ | Cost of Funds (%) | 1.46% | 1.42% | 1.43% | 1.24% | 1.25% | 1.22% | 1.25% | 1.04% |
| ▁▁▆▅██▇▇ | NPA / Assets (%) | 0.05% | 0.04% | 0.48% | 0.37% | 0.65% | 0.69% | 0.59% | 0.56% |
| ▁▁▆▄▇█▇▇ | Net Charge-Off Ratio (%) | 0.06% | 0.05% | 0.62% | 0.48% | 0.83% | 0.94% | 0.75% | 0.73% |
| ▁▃▃▅▆▅▇█ | Tang. Book Value ($M) | $119 | $126 | $125 | $129 | $133 | $129 | $135 | $139 |
| ▁▁▂▂▄▅▇█ | Gross Loans ($M) | $964 | $976 | $990 | $995 | $1,020 | $1,042 | $1,082 | $1,099 |
| ▁▃▂▃▃█▆█ | Total Deposits ($M) | $1,076 | $1,140 | $1,121 | $1,142 | $1,138 | $1,275 | $1,214 | $1,268 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 6% |