Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.44% | +0.30 | 0.13% |
| Return on Equity (%) | ▲ | 1.85% | +1.26 | 0.59% |
| Net Interest Margin (%) | ▲ | 2.80% | +0.43 | 2.37% |
| Efficiency Ratio (%) | ▲ | 83.00% | -9.39 | 92.39% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.67 | $0 |
| Cost of Funds (%) | ▲ | 1.11% | -0.07 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $858 | +0.36 | $857 |
| Gross Loans ($M) | ▼ | $548 | -11.09 | $559 |
| Loan Growth YoY (%) | ▼ | 84.39% | -0.92 | 85.31% |
| Total Deposits ($M) | ▼ | $646 | -5.67 | $652 |
| Shareholders Equity ($M) | ▲ | $202 | +6.68 | $196 |
| Tang. Book Value ($M) | ▲ | $202 | +6.65 | $195 |
| TBV excl. AOCI ($M)** | ▲ | $216 | +7.68 | $209 |
| Loan / Deposit Ratio (%) | ▼ | 84.39% | -0.92 | 85.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.05 | 0.07% |
| Allowance / Loans (%) | — | 0.51% | -0.04% | 0.56% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.08 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 60.27% | +10.11 | 50.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 2.03% | 2.05% | 2.07% | 2.37% | 2.41% | 2.47% | 2.53% | 2.80% |
| ▁▁▁▂▄▅▆█ | Return on Assets (%) | 0.06% | 0.05% | 0.05% | 0.13% | 0.23% | 0.25% | 0.30% | 0.44% |
| ███▆▃▃▂▁ | Efficiency Ratio (%) | 96.3% | 97.1% | 97.2% | 92.4% | 86.7% | 86.7% | 86.2% | 83.0% |
| ▃██▄▃▂▂▁ | Cost of Funds (%) | 1.17% | 1.28% | 1.26% | 1.19% | 1.16% | 1.15% | 1.14% | 1.11% |
| ▄▅█▃▁▁▁▁ | NPA / Assets (%) | 0.11% | 0.11% | 0.20% | 0.07% | 0.02% | 0.02% | 0.02% | 0.02% |
| ▅▅█▃▁▁▁▁ | Net Charge-Off Ratio (%) | 0.16% | 0.17% | 0.30% | 0.10% | 0.04% | 0.03% | 0.02% | 0.03% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $189 | $195 | $192 | $195 | $198 | $200 | $202 | $202 |
| ▂██▆▄▂▄▁ | Gross Loans ($M) | $551 | $565 | $564 | $559 | $556 | $552 | $555 | $548 |
| ▂▁█▅▅▅▁▂ | Total Deposits ($M) | $648 | $644 | $660 | $652 | $653 | $654 | $645 | $646 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 6% |