Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.42% | +0.19 | 0.23% |
| Return on Equity (%) | ▲ | 6.81% | +2.83 | 3.98% |
| Net Interest Margin (%) | ▲ | 3.30% | +0.55 | 2.74% |
| Efficiency Ratio (%) | ▲ | 81.16% | -6.35 | 87.51% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.04 | $1 |
| Cost of Funds (%) | ▲ | 1.97% | -0.27 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,177 | +254.57 | $922 |
| Gross Loans ($M) | ▲ | $947 | +218.12 | $729 |
| Loan Growth YoY (%) | ▼ | 89.84% | -0.78 | 90.62% |
| Total Deposits ($M) | ▲ | $1,048 | +249.03 | $799 |
| Shareholders Equity ($M) | ▲ | $76 | +19.93 | $56 |
| Tang. Book Value ($M) | ▲ | $68 | +14.02 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +13.96 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 89.84% | -0.78 | 90.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.50 | 0.62% |
| Allowance / Loans (%) | — | 0.57% | -0.09% | 0.66% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.63 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.62% | -0.93 | 11.54% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▇▇█ | Net Interest Margin (%) | 2.54% | 2.56% | 2.60% | 2.74% | 2.77% | 3.12% | 3.16% | 3.30% |
| ▁▁▂▂▄██▆ | Return on Assets (%) | 0.14% | 0.17% | 0.21% | 0.23% | 0.30% | 0.55% | 0.52% | 0.42% |
| █▇▅▆▄▁▁▂ | Efficiency Ratio (%) | 91.8% | 89.3% | 86.9% | 87.5% | 83.8% | 78.7% | 80.3% | 81.2% |
| ▇█▇▅▁▃▁▁ | Cost of Funds (%) | 2.34% | 2.42% | 2.33% | 2.24% | 2.00% | 2.12% | 1.99% | 1.97% |
| ▁▁▁▇▇▆█▁ | NPA / Assets (%) | 0.07% | 0.11% | 0.15% | 0.62% | 0.65% | 0.52% | 0.79% | 0.13% |
| ▁▁▁▆▇▅█▁ | Net Charge-Off Ratio (%) | 0.09% | 0.14% | 0.19% | 0.79% | 0.81% | 0.66% | 1.05% | 0.16% |
| ▁▃▁▂▄▇██ | Tang. Book Value ($M) | $51 | $56 | $52 | $54 | $59 | $64 | $67 | $68 |
| ▁▁▁▁████ | Gross Loans ($M) | $714 | $716 | $734 | $729 | $968 | $955 | $940 | $947 |
| ▁▁▁▃▇▇█▇ | Total Deposits ($M) | $688 | $678 | $692 | $799 | $1,058 | $1,055 | $1,114 | $1,048 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 19% |