Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.11 | 1.10% |
| Return on Equity (%) | ▲ | 13.21% | +0.74 | 12.47% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.09 | 3.41% |
| Efficiency Ratio (%) | ▲ | 50.73% | -3.64 | 54.37% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.74 | $7 |
| Cost of Funds (%) | ▲ | 1.99% | -0.28 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,119 | +220.03 | $1,899 |
| Gross Loans ($M) | ▲ | $1,683 | +145.03 | $1,538 |
| Loan Growth YoY (%) | ▼ | 89.17% | -0.23 | 89.41% |
| Total Deposits ($M) | ▲ | $1,873 | +166.48 | $1,706 |
| Shareholders Equity ($M) | ▲ | $195 | +27.11 | $168 |
| Tang. Book Value ($M) | ▲ | $195 | +27.11 | $168 |
| TBV excl. AOCI ($M)** | ▲ | $199 | +26.84 | $172 |
| Loan / Deposit Ratio (%) | ▼ | 89.17% | -0.23 | 89.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.12 | 0.03% |
| Allowance / Loans (%) | — | 0.80% | -0.04% | 0.84% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.15 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.70% | +0.49 | 10.21% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇▇███ | Net Interest Margin (%) | 3.01% | 3.04% | 3.14% | 3.41% | 3.42% | 3.45% | 3.45% | 3.49% |
| ▁▁▁▆▇███ | Return on Assets (%) | 0.85% | 0.86% | 0.88% | 1.10% | 1.16% | 1.20% | 1.22% | 1.22% |
| ██▇▃▃▂▂▁ | Efficiency Ratio (%) | 60.6% | 59.7% | 58.2% | 54.4% | 53.8% | 52.8% | 52.1% | 50.7% |
| ▆█▅▃▃▄▂▁ | Cost of Funds (%) | 2.55% | 2.86% | 2.53% | 2.28% | 2.28% | 2.37% | 2.20% | 1.99% |
| ▁▁▁▁▂▂█▆ | NPA / Assets (%) | 0.02% | 0.03% | 0.02% | 0.03% | 0.04% | 0.05% | 0.22% | 0.15% |
| ▁▁▁▁▁▂█▆ | Net Charge-Off Ratio (%) | 0.02% | 0.03% | 0.03% | 0.04% | 0.05% | 0.07% | 0.28% | 0.19% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $147 | $153 | $162 | $168 | $175 | $182 | $189 | $195 |
| ▁▂▄▅▆▆▇█ | Gross Loans ($M) | $1,318 | $1,374 | $1,499 | $1,538 | $1,568 | $1,563 | $1,621 | $1,683 |
| ▁▁▁▃▄▅▇█ | Total Deposits ($M) | $1,624 | $1,636 | $1,647 | $1,706 | $1,730 | $1,765 | $1,811 | $1,873 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 31% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 9% |