Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.13% | +0.20 | -0.34% |
| Return on Equity (%) | ▲ | -2.25% | +4.15 | -6.40% |
| Net Interest Margin (%) | ▲ | 1.71% | +0.22 | 1.49% |
| Efficiency Ratio (%) | ▲ | 110.27% | -14.85 | 125.12% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.19 | $-0 |
| Cost of Funds (%) | ▲ | 2.68% | -0.05 | 2.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $411 | +11.03 | $400 |
| Gross Loans ($M) | ▲ | $255 | +16.34 | $239 |
| Loan Growth YoY (%) | ▼ | 71.52% | -2.61 | 74.12% |
| Total Deposits ($M) | ▲ | $355 | +34.41 | $320 |
| Shareholders Equity ($M) | ▲ | $24 | +2.12 | $22 |
| Tang. Book Value ($M) | ▲ | $24 | +2.12 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.00 | $28 |
| Loan / Deposit Ratio (%) | ▼ | 71.52% | -2.61 | 74.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.33 | 0.41% |
| Allowance / Loans (%) | — | 0.53% | -0.00% | 0.54% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -0.56 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.37% | -0.86 | 14.23% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▆█ | Net Interest Margin (%) | 1.20% | 1.21% | 1.24% | 1.49% | 1.52% | 1.56% | 1.56% | 1.71% |
| ▂▂▁▃▅▇▆█ | Return on Assets (%) | -0.36% | -0.38% | -0.43% | -0.34% | -0.28% | -0.20% | -0.21% | -0.13% |
| ▇██▅▃▂▁▁ | Efficiency Ratio (%) | 134.5% | 137.1% | 139.0% | 125.1% | 118.8% | 114.2% | 113.8% | 110.3% |
| ▁▅█▆▆█▇▄ | Cost of Funds (%) | 2.57% | 2.72% | 2.82% | 2.73% | 2.74% | 2.79% | 2.77% | 2.68% |
| █▂▆█▁▁▁▁ | NPA / Assets (%) | 0.38% | 0.14% | 0.30% | 0.41% | 0.11% | 0.12% | 0.11% | 0.09% |
| █▂▆█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.70% | 0.25% | 0.52% | 0.69% | 0.18% | 0.20% | 0.18% | 0.14% |
| ▁▆▁▄▅▇██ | Tang. Book Value ($M) | $20 | $23 | $20 | $22 | $23 | $24 | $25 | $24 |
| ▁▂▄▆▆▆██ | Gross Loans ($M) | $209 | $220 | $228 | $239 | $240 | $241 | $253 | $255 |
| ▂▁▂▃▄▆██ | Total Deposits ($M) | $316 | $308 | $318 | $320 | $327 | $341 | $350 | $355 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 13% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 68% |
| Brokered / Other | 32% |