Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.46% | +0.17 | -0.62% |
| Return on Equity (%) | ▲ | -2.96% | +1.00 | -3.96% |
| Net Interest Margin (%) | ▲ | 1.48% | +0.45 | 1.03% |
| Efficiency Ratio (%) | ▲ | 142.95% | -42.85 | 185.81% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +0.35 | $-1 |
| Cost of Funds (%) | ▲ | 2.18% | -0.08 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $539 | -16.04 | $555 |
| Gross Loans ($M) | ▲ | $293 | +12.31 | $281 |
| Loan Growth YoY (%) | ▲ | 68.52% | +3.72 | 64.80% |
| Total Deposits ($M) | ▼ | $424 | -5.38 | $430 |
| Shareholders Equity ($M) | ▼ | $84 | -2.58 | $86 |
| Tang. Book Value ($M) | ▼ | $84 | -2.58 | $86 |
| TBV excl. AOCI ($M)** | ▼ | $94 | -3.61 | $98 |
| Loan / Deposit Ratio (%) | ▲ | 68.52% | +3.72 | 64.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.04 | 0.20% |
| Allowance / Loans (%) | — | 0.82% | -0.04% | 0.85% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.17 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▄█ | Net Interest Margin (%) | 0.88% | 0.88% | 0.88% | 1.03% | 1.09% | 1.13% | 1.16% | 1.48% |
| ▁▁▁▃▄▄▅█ | Return on Assets (%) | -0.69% | -0.72% | -0.69% | -0.62% | -0.60% | -0.61% | -0.57% | -0.46% |
| ███▆▄▄▄▁ | Efficiency Ratio (%) | 200.8% | 206.2% | 205.4% | 185.8% | 174.6% | 173.5% | 167.9% | 143.0% |
| ▆██▃▅▇▆▁ | Cost of Funds (%) | 2.34% | 2.42% | 2.39% | 2.26% | 2.30% | 2.37% | 2.35% | 2.18% |
| ▄▇▅▃█▅▃▁ | NPA / Assets (%) | 0.21% | 0.26% | 0.22% | 0.20% | 0.27% | 0.22% | 0.20% | 0.16% |
| ▆█▆▅█▆▄▁ | Net Charge-Off Ratio (%) | 0.41% | 0.48% | 0.39% | 0.38% | 0.50% | 0.43% | 0.33% | 0.21% |
| █▇▆▅▄▂▂▁ | Tang. Book Value ($M) | $88 | $87 | $87 | $86 | $85 | $85 | $84 | $84 |
| ▁▂▃▃▅▆▆█ | Gross Loans ($M) | $276 | $281 | $281 | $281 | $286 | $288 | $287 | $293 |
| ▇▂▁▇███▅ | Total Deposits ($M) | $429 | $416 | $413 | $430 | $431 | $433 | $432 | $424 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 13% |