Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.41% | +0.04 | 0.37% |
| Return on Equity (%) | ▲ | 3.26% | +0.18 | 3.08% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.11 | 3.78% |
| Efficiency Ratio (%) | ▲ | 86.25% | -0.97 | 87.22% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.07 | $1 |
| Cost of Funds (%) | ▲ | 1.15% | -0.13 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $538 | +1.87 | $536 |
| Gross Loans ($M) | ▼ | $401 | -6.58 | $408 |
| Loan Growth YoY (%) | ▼ | 86.97% | -0.99 | 87.95% |
| Total Deposits ($M) | ▼ | $459 | -2.34 | $461 |
| Shareholders Equity ($M) | ▲ | $67 | +3.14 | $64 |
| Tang. Book Value ($M) | ▲ | $67 | +3.14 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +2.95 | $66 |
| Loan / Deposit Ratio (%) | ▼ | 86.97% | -0.99 | 87.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.83% | +0.34 | 0.49% |
| Allowance / Loans (%) | — | 0.51% | 0.01% | 0.50% |
| Net Charge-Off Ratio (%) | ▼ | 1.11% | +0.47 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.61% | +1.24 | 19.37% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▂▂▃▃▄█ | Net Interest Margin (%) | 3.78% | 3.75% | 3.77% | 3.78% | 3.80% | 3.80% | 3.81% | 3.89% |
| ▁▁▂▁▃██▃ | Return on Assets (%) | 0.37% | 0.36% | 0.39% | 0.37% | 0.41% | 0.54% | 0.53% | 0.41% |
| ██▇█▆▁▁▆ | Efficiency Ratio (%) | 87.2% | 87.4% | 86.5% | 87.2% | 85.9% | 82.9% | 82.9% | 86.2% |
| ▆██▅▃▃▂▁ | Cost of Funds (%) | 1.33% | 1.40% | 1.39% | 1.28% | 1.23% | 1.24% | 1.20% | 1.15% |
| ▁▆▂▁▄▄██ | NPA / Assets (%) | 0.49% | 0.74% | 0.54% | 0.49% | 0.64% | 0.64% | 0.82% | 0.83% |
| ▁▆▂▁▄▄██ | Net Charge-Off Ratio (%) | 0.65% | 0.97% | 0.70% | 0.64% | 0.85% | 0.85% | 1.08% | 1.11% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $62 | $63 | $63 | $64 | $65 | $66 | $67 | $67 |
| ███▇▃▁▄▃ | Gross Loans ($M) | $409 | $410 | $410 | $408 | $401 | $397 | $402 | $401 |
| ▆▅██▆▁▃▇ | Total Deposits ($M) | $456 | $454 | $461 | $461 | $456 | $447 | $452 | $459 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |