Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.14 | 0.55% |
| Return on Equity (%) | ▲ | 6.05% | +0.59 | 5.46% |
| Net Interest Margin (%) | ▲ | 2.97% | +0.45 | 2.52% |
| Efficiency Ratio (%) | ▲ | 70.38% | -2.35 | 72.73% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.60 | $3 |
| Cost of Funds (%) | ▲ | 1.07% | -0.21 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,444 | -53.92 | $1,498 |
| Gross Loans ($M) | ▲ | $633 | +8.74 | $625 |
| Loan Growth YoY (%) | ▲ | 50.14% | +3.18 | 46.96% |
| Total Deposits ($M) | ▼ | $1,260 | -66.56 | $1,326 |
| Shareholders Equity ($M) | ▲ | $166 | +12.33 | $154 |
| Tang. Book Value ($M) | ▲ | $166 | +12.33 | $154 |
| TBV excl. AOCI ($M)** | ▲ | $197 | +8.84 | $188 |
| Loan / Deposit Ratio (%) | ▲ | 50.14% | +3.18 | 46.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.09 | 0.03% |
| Allowance / Loans (%) | — | 0.30% | -0.01% | 0.30% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.19 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 28.92% | +1.37 | 27.54% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.08% | 2.11% | 2.16% | 2.52% | 2.58% | 2.62% | 2.67% | 2.97% |
| ▁▁▂▆▇▇▇█ | Return on Assets (%) | 0.27% | 0.31% | 0.33% | 0.55% | 0.61% | 0.62% | 0.62% | 0.70% |
| █▇▇▂▁▁▁▁ | Efficiency Ratio (%) | 85.3% | 83.1% | 82.2% | 72.7% | 70.6% | 70.3% | 71.2% | 70.4% |
| ▇█▆▄▅▅▃▁ | Cost of Funds (%) | 1.45% | 1.52% | 1.37% | 1.27% | 1.30% | 1.31% | 1.21% | 1.07% |
| ▁▆▁▁▅▇█▆ | NPA / Assets (%) | 0.04% | 0.11% | 0.03% | 0.03% | 0.09% | 0.12% | 0.15% | 0.12% |
| ▁▆▁▁▅▇█▆ | Net Charge-Off Ratio (%) | 0.08% | 0.26% | 0.08% | 0.07% | 0.21% | 0.28% | 0.33% | 0.26% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $141 | $151 | $147 | $154 | $158 | $162 | $165 | $166 |
| ▄▁▁▅▆██▇ | Gross Loans ($M) | $621 | $610 | $611 | $625 | $628 | $637 | $637 | $633 |
| ▆▅▇█▆▄▁▂ | Total Deposits ($M) | $1,304 | $1,289 | $1,310 | $1,326 | $1,300 | $1,287 | $1,250 | $1,260 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 16% |