Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.81% | -0.28 | 1.09% |
| Return on Equity (%) | ▼ | 6.53% | -3.16 | 9.69% |
| Net Interest Margin (%) | ▲ | 4.57% | +0.24 | 4.33% |
| Efficiency Ratio (%) | ▼ | 71.62% | +3.32 | 68.29% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.33 | $1 |
| Cost of Funds (%) | ▼ | 1.75% | +0.08 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $478 | +113.48 | $365 |
| Gross Loans ($M) | ▲ | $358 | +123.87 | $234 |
| Loan Growth YoY (%) | ▲ | 84.95% | +11.65 | 73.31% |
| Total Deposits ($M) | ▲ | $416 | +101.10 | $315 |
| Shareholders Equity ($M) | ▲ | $59 | +15.14 | $44 |
| Tang. Book Value ($M) | ▲ | $59 | +15.14 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +14.51 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 84.95% | +11.65 | 73.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.07 | 0.08% |
| Allowance / Loans (%) | — | 1.17% | -0.07% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.12% | +0.12 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.71% | -2.52 | 18.23% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▇▆▆█ | Net Interest Margin (%) | 4.05% | 4.04% | 4.08% | 4.33% | 4.46% | 4.38% | 4.43% | 4.57% |
| ▆▆▅█▇▃▁▁ | Return on Assets (%) | 0.99% | 0.99% | 0.95% | 1.09% | 1.03% | 0.91% | 0.80% | 0.81% |
| ▁▂▅▄▅▇██ | Efficiency Ratio (%) | 65.6% | 66.7% | 68.7% | 68.3% | 69.2% | 70.4% | 71.2% | 71.6% |
| ███▁▃▃█▄ | Cost of Funds (%) | 1.86% | 1.87% | 1.88% | 1.67% | 1.73% | 1.74% | 1.86% | 1.75% |
| ▄▇▂▂▂▁▆█ | NPA / Assets (%) | 0.10% | 0.14% | 0.09% | 0.08% | 0.08% | 0.07% | 0.13% | 0.15% |
| ▁▅▁▁▁▁▇█ | Net Charge-Off Ratio (%) | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.12% |
| ▁▃▃▄▅▆██ | Tang. Book Value ($M) | $29 | $38 | $36 | $44 | $45 | $50 | $58 | $59 |
| ▁▁▁▂▄▆██ | Gross Loans ($M) | $217 | $222 | $215 | $234 | $269 | $306 | $351 | $358 |
| ▁▁▁▂▃▇██ | Total Deposits ($M) | $291 | $305 | $305 | $315 | $323 | $392 | $401 | $416 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 11% |