Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.51 | 0.60% |
| Return on Equity (%) | ▲ | 4.57% | +2.05 | 2.52% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.73 | 2.42% |
| Efficiency Ratio (%) | ▲ | 53.04% | -11.52 | 64.56% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.80 | $1 |
| Cost of Funds (%) | ▲ | 1.96% | -0.19 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $591 | +13.98 | $577 |
| Gross Loans ($M) | ▲ | $472 | +29.69 | $443 |
| Loan Growth YoY (%) | ▲ | 107.10% | +4.96 | 102.14% |
| Total Deposits ($M) | ▲ | $438 | +7.58 | $430 |
| Shareholders Equity ($M) | ▲ | $143 | +5.71 | $137 |
| Tang. Book Value ($M) | ▲ | $143 | +5.71 | $137 |
| TBV excl. AOCI ($M)** | ▲ | $145 | +5.53 | $140 |
| Loan / Deposit Ratio (%) | ▲ | 107.10% | +4.96 | 102.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.04 | 0.49% |
| Allowance / Loans (%) | — | 0.68% | 0.01% | 0.67% |
| Net Charge-Off Ratio (%) | ▼ | 0.66% | +0.03 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 42.51% | +42.51 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▃▄█ | Net Interest Margin (%) | 2.28% | 2.26% | 2.24% | 2.42% | 2.49% | 2.55% | 2.61% | 3.15% |
| ▁▃▂▂▁▃▄█ | Return on Assets (%) | 0.49% | 0.70% | 0.65% | 0.60% | 0.53% | 0.70% | 0.73% | 1.11% |
| █▆▇▆▇▅▅▁ | Efficiency Ratio (%) | 69.8% | 65.0% | 67.1% | 64.6% | 66.8% | 63.3% | 62.1% | 53.0% |
| ▆█▇▄▄▄▃▁ | Cost of Funds (%) | 2.20% | 2.35% | 2.29% | 2.14% | 2.10% | 2.10% | 2.05% | 1.96% |
| ▁▆▇▆▄▁▄█ | NPA / Assets (%) | 0.37% | 0.48% | 0.50% | 0.49% | 0.45% | 0.38% | 0.44% | 0.53% |
| ▃▇█▇▄▁▄█ | Net Charge-Off Ratio (%) | 0.52% | 0.63% | 0.65% | 0.63% | 0.56% | 0.46% | 0.54% | 0.66% |
| ▁▃▃▄▅▆▇█ | Tang. Book Value ($M) | $133 | $136 | $136 | $137 | $139 | $140 | $142 | $143 |
| ▁▂▄▄▆███ | Gross Loans ($M) | $413 | $427 | $439 | $443 | $460 | $470 | $478 | $472 |
| ▅▁▅▅▄▄▇█ | Total Deposits ($M) | $430 | $420 | $430 | $430 | $428 | $428 | $435 | $438 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 15% |