Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.47% | +0.17 | 0.30% |
| Return on Equity (%) | ▲ | 3.15% | +1.06 | 2.09% |
| Net Interest Margin (%) | ▲ | 2.71% | +0.23 | 2.48% |
| Efficiency Ratio (%) | ▲ | 77.32% | -12.10 | 89.42% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.92 | $1 |
| Cost of Funds (%) | ▲ | 1.31% | -0.16 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,039 | +26.68 | $1,013 |
| Gross Loans ($M) | ▲ | $707 | +32.36 | $674 |
| Loan Growth YoY (%) | ▲ | 80.35% | +1.73 | 78.62% |
| Total Deposits ($M) | ▲ | $877 | +21.44 | $856 |
| Shareholders Equity ($M) | ▲ | $154 | +5.00 | $149 |
| Tang. Book Value ($M) | ▲ | $154 | +5.00 | $149 |
| TBV excl. AOCI ($M)** | ▲ | $162 | +4.16 | $158 |
| Loan / Deposit Ratio (%) | ▲ | 80.35% | +1.73 | 78.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.45% | +0.14 | 0.32% |
| Allowance / Loans (%) | — | 0.25% | 0.04% | 0.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.62% | +0.15 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 31.84% | -1.48 | 33.32% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇▇█ | Net Interest Margin (%) | 2.30% | 2.26% | 2.25% | 2.48% | 2.56% | 2.62% | 2.64% | 2.71% |
| ▄▂▁▄▅▄▄█ | Return on Assets (%) | 0.32% | 0.22% | 0.18% | 0.30% | 0.33% | 0.32% | 0.30% | 0.47% |
| ▄███▇▆▆▁ | Efficiency Ratio (%) | 84.0% | 89.4% | 91.0% | 89.4% | 87.9% | 86.7% | 86.3% | 77.3% |
| ▆██▃▁▁▂▁ | Cost of Funds (%) | 1.68% | 1.82% | 1.77% | 1.47% | 1.36% | 1.35% | 1.39% | 1.31% |
| ▃▃▂▁▃▆█▆ | NPA / Assets (%) | 0.37% | 0.38% | 0.36% | 0.32% | 0.37% | 0.45% | 0.52% | 0.45% |
| ▅▅▃▁▃▆█▆ | Net Charge-Off Ratio (%) | 0.58% | 0.59% | 0.53% | 0.47% | 0.54% | 0.63% | 0.69% | 0.62% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $144 | $148 | $146 | $149 | $150 | $152 | $153 | $154 |
| ▁▂▂▃▃▆██ | Gross Loans ($M) | $663 | $669 | $673 | $674 | $679 | $694 | $703 | $707 |
| █▇▅▃▃▁▃▇ | Total Deposits ($M) | $886 | $878 | $866 | $856 | $857 | $840 | $853 | $877 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 13% |