Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.07 | 0.63% |
| Return on Equity (%) | ▲ | 5.70% | +0.26 | 5.44% |
| Net Interest Margin (%) | ▲ | 2.94% | +0.28 | 2.66% |
| Efficiency Ratio (%) | ▲ | 61.94% | -8.65 | 70.60% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.57 | $1 |
| Cost of Funds (%) | ▲ | 1.68% | -0.12 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $665 | +4.59 | $660 |
| Gross Loans ($M) | ▲ | $492 | +9.94 | $482 |
| Loan Growth YoY (%) | ▼ | 87.10% | -1.90 | 89.00% |
| Total Deposits ($M) | ▲ | $561 | +22.99 | $538 |
| Shareholders Equity ($M) | ▲ | $82 | +3.99 | $78 |
| Tang. Book Value ($M) | ▲ | $79 | +4.07 | $75 |
| TBV excl. AOCI ($M)** | ▲ | $85 | +3.97 | $81 |
| Loan / Deposit Ratio (%) | ▼ | 87.10% | -1.90 | 89.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.01 | 0.14% |
| Allowance / Loans (%) | — | 0.71% | 0.01% | 0.69% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.02 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 24.39% | -0.23 | 24.62% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▆█ | Net Interest Margin (%) | 2.27% | 2.31% | 2.36% | 2.66% | 2.71% | 2.72% | 2.75% | 2.94% |
| █▅▄▁▁▂▁▁ | Return on Assets (%) | 1.78% | 1.34% | 1.16% | 0.63% | 0.76% | 0.78% | 0.76% | 0.70% |
| ▁▃▄█▇▇▇▅ | Efficiency Ratio (%) | 50.1% | 55.7% | 59.0% | 70.6% | 67.6% | 67.4% | 66.5% | 61.9% |
| ██▆▄▃▄▃▁ | Cost of Funds (%) | 1.93% | 1.91% | 1.84% | 1.80% | 1.76% | 1.80% | 1.75% | 1.68% |
| ▄██▁▄▄▂▁ | NPA / Assets (%) | 0.19% | 0.25% | 0.26% | 0.14% | 0.19% | 0.18% | 0.15% | 0.13% |
| ▄██▁▄▄▂▁ | Net Charge-Off Ratio (%) | 0.27% | 0.35% | 0.36% | 0.20% | 0.26% | 0.25% | 0.21% | 0.18% |
| ▁▄▂▅▆█▇█ | Tang. Book Value ($M) | $70 | $75 | $72 | $75 | $78 | $80 | $78 | $79 |
| ▁▁▂▅▅▆▆█ | Gross Loans ($M) | $473 | $472 | $476 | $482 | $482 | $484 | $485 | $492 |
| ▂▁▂▃▆▄██ | Total Deposits ($M) | $534 | $527 | $531 | $538 | $548 | $543 | $557 | $561 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 10% |