Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.65% | -0.01 | 0.66% |
| Return on Equity (%) | ▼ | 7.47% | -0.81 | 8.28% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.28 | 3.24% |
| Efficiency Ratio (%) | ▼ | 79.26% | +2.34 | 76.91% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.05 | $1 |
| Cost of Funds (%) | ▲ | 1.17% | -0.09 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $653 | +23.85 | $629 |
| Gross Loans ($M) | ▲ | $507 | +19.71 | $487 |
| Loan Growth YoY (%) | ▲ | 97.79% | +1.98 | 95.81% |
| Total Deposits ($M) | ▲ | $514 | +9.73 | $504 |
| Shareholders Equity ($M) | ▲ | $57 | +5.74 | $51 |
| Tang. Book Value ($M) | ▲ | $57 | +5.74 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +5.31 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 97.79% | +1.98 | 95.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -0.02 | 0.21% |
| Allowance / Loans (%) | — | 0.94% | 0.01% | 0.94% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.03 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.41% | +0.28 | 14.13% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.09% | 3.08% | 3.11% | 3.24% | 3.28% | 3.31% | 3.38% | 3.52% |
| ▁▂▂█▇▇▇█ | Return on Assets (%) | 0.25% | 0.32% | 0.34% | 0.66% | 0.59% | 0.60% | 0.56% | 0.65% |
| █▇▇▁▁▁▂▂ | Efficiency Ratio (%) | 89.1% | 87.2% | 86.2% | 76.9% | 78.2% | 77.5% | 79.4% | 79.3% |
| ▁█▆█▇██▃ | Cost of Funds (%) | 1.12% | 1.25% | 1.22% | 1.26% | 1.23% | 1.26% | 1.26% | 1.17% |
| ▁▃█▄▂▄█▃ | NPA / Assets (%) | 0.16% | 0.19% | 0.26% | 0.21% | 0.17% | 0.21% | 0.26% | 0.19% |
| ▁▃█▄▁▄█▂ | Net Charge-Off Ratio (%) | 0.21% | 0.25% | 0.33% | 0.27% | 0.22% | 0.27% | 0.33% | 0.24% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $46 | $50 | $48 | $51 | $52 | $54 | $56 | $57 |
| ▁▂▅▅▇███ | Gross Loans ($M) | $458 | $466 | $489 | $487 | $497 | $508 | $507 | $507 |
| ▆▄█▃▄▁▃▆ | Total Deposits ($M) | $513 | $505 | $520 | $504 | $505 | $496 | $504 | $514 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 15% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 4% |