Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.06 | 0.86% |
| Return on Equity (%) | ▲ | 5.41% | +0.09 | 5.32% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.20 | 3.00% |
| Efficiency Ratio (%) | ▲ | 59.68% | -1.61 | 61.29% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.22 | $1 |
| Cost of Funds (%) | ▲ | 1.61% | -0.06 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $358 | +23.71 | $335 |
| Gross Loans ($M) | ▲ | $204 | +21.91 | $182 |
| Loan Growth YoY (%) | ▲ | 69.43% | +3.45 | 65.98% |
| Total Deposits ($M) | ▲ | $290 | +17.63 | $272 |
| Shareholders Equity ($M) | ▲ | $60 | +6.38 | $54 |
| Tang. Book Value ($M) | ▲ | $60 | +6.41 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +6.60 | $60 |
| Loan / Deposit Ratio (%) | ▲ | 69.43% | +3.45 | 65.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.08 | 0.16% |
| Allowance / Loans (%) | — | 1.25% | 0.01% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.15 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 38.68% | -1.55 | 40.23% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▅▇██ | Net Interest Margin (%) | 3.00% | 3.01% | 3.03% | 3.00% | 3.13% | 3.16% | 3.21% | 3.21% |
| █▆█▃▁▄▇▆ | Return on Assets (%) | 0.95% | 0.90% | 0.96% | 0.86% | 0.79% | 0.86% | 0.93% | 0.92% |
| ▁▃▄▃█▇▅▁ | Efficiency Ratio (%) | 59.0% | 61.6% | 62.0% | 61.3% | 66.3% | 65.1% | 63.1% | 59.7% |
| ▅█▆▃▃▃▄▁ | Cost of Funds (%) | 1.75% | 1.83% | 1.78% | 1.68% | 1.68% | 1.67% | 1.71% | 1.61% |
| ███▇▇▅▂▁ | NPA / Assets (%) | 0.17% | 0.17% | 0.17% | 0.16% | 0.16% | 0.14% | 0.10% | 0.08% |
| ███▇▆▅▂▁ | Net Charge-Off Ratio (%) | 0.33% | 0.32% | 0.32% | 0.30% | 0.29% | 0.25% | 0.18% | 0.15% |
| ▁▃▂▃▃▆██ | Tang. Book Value ($M) | $51 | $54 | $52 | $54 | $54 | $58 | $59 | $60 |
| ▁▁▂▄▄▆██ | Gross Loans ($M) | $167 | $169 | $176 | $182 | $185 | $192 | $200 | $204 |
| ▂▁▁▄▅▆▆█ | Total Deposits ($M) | $266 | $261 | $264 | $272 | $276 | $281 | $282 | $290 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 21% |