Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.54% | +0.31 | -0.85% |
| Return on Equity (%) | ▲ | -6.24% | +3.33 | -9.57% |
| Net Interest Margin (%) | ▲ | 1.53% | +0.39 | 1.13% |
| Efficiency Ratio (%) | ▲ | 134.66% | -36.85 | 171.51% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +0.85 | $-2 |
| Cost of Funds (%) | ▲ | 2.52% | -0.47 | 3.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,016 | -20.49 | $1,036 |
| Gross Loans ($M) | ▼ | $795 | -43.74 | $838 |
| Loan Growth YoY (%) | ▼ | 88.74% | -3.41 | 92.15% |
| Total Deposits ($M) | ▼ | $888 | -14.10 | $903 |
| Shareholders Equity ($M) | ▼ | $88 | -4.15 | $92 |
| Tang. Book Value ($M) | ▼ | $88 | -4.15 | $92 |
| TBV excl. AOCI ($M)** | ▼ | $94 | -3.75 | $98 |
| Loan / Deposit Ratio (%) | ▼ | 88.74% | -3.41 | 92.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.26 | 0.52% |
| Allowance / Loans (%) | — | 0.78% | -0.01% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -0.31 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.07% | +13.07 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 0.90% | 0.92% | 0.92% | 1.13% | 1.18% | 1.27% | 1.32% | 1.53% |
| ▃▄▁▂▄▆██ | Return on Assets (%) | -0.78% | -0.74% | -0.95% | -0.85% | -0.78% | -0.66% | -0.51% | -0.54% |
| ██▇▅▃▂▁▁ | Efficiency Ratio (%) | 198.7% | 191.1% | 190.6% | 171.5% | 157.6% | 145.5% | 137.9% | 134.7% |
| ███▆▄▄▃▁ | Cost of Funds (%) | 3.21% | 3.22% | 3.18% | 3.00% | 2.85% | 2.86% | 2.71% | 2.52% |
| ▃█▇▆▆▂▁▂ | NPA / Assets (%) | 0.32% | 0.67% | 0.55% | 0.52% | 0.51% | 0.23% | 0.16% | 0.26% |
| ▃█▇▆▆▂▁▂ | Net Charge-Off Ratio (%) | 0.39% | 0.84% | 0.69% | 0.64% | 0.64% | 0.29% | 0.21% | 0.33% |
| █▇▅▃▂▁▁▁ | Tang. Book Value ($M) | $100 | $98 | $94 | $92 | $90 | $89 | $89 | $88 |
| ██▇▆▅▃▂▁ | Gross Loans ($M) | $860 | $855 | $852 | $838 | $832 | $813 | $804 | $795 |
| ▇▆█▇▄▁▂▄ | Total Deposits ($M) | $904 | $898 | $911 | $903 | $889 | $870 | $876 | $888 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 25% |