Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.50% | -0.15 | 0.65% |
| Return on Equity (%) | ▼ | 5.14% | -1.58 | 6.72% |
| Net Interest Margin (%) | ▲ | 3.14% | +0.08 | 3.06% |
| Efficiency Ratio (%) | ▲ | 74.37% | -1.36 | 75.73% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.12 | $2 |
| Cost of Funds (%) | ▲ | 1.54% | -0.11 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,218 | -42.60 | $1,260 |
| Gross Loans ($M) | ▼ | $1,036 | -29.98 | $1,066 |
| Loan Growth YoY (%) | ▼ | 114.23% | -2.12 | 116.35% |
| Total Deposits ($M) | ▼ | $901 | -8.78 | $910 |
| Shareholders Equity ($M) | ▼ | $120 | -3.10 | $123 |
| Tang. Book Value ($M) | ▼ | $120 | -3.08 | $123 |
| TBV excl. AOCI ($M)** | ▼ | $125 | -4.08 | $129 |
| Loan / Deposit Ratio (%) | ▼ | 114.23% | -2.12 | 116.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.03 | 0.11% |
| Allowance / Loans (%) | — | 0.57% | -0.04% | 0.62% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.03 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.01% | -0.00 | 19.01% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▆▆▆█ | Net Interest Margin (%) | 2.76% | 2.79% | 2.82% | 3.06% | 3.02% | 3.02% | 3.03% | 3.14% |
| ▆▇▃█▇▇▆▁ | Return on Assets (%) | 0.60% | 0.62% | 0.55% | 0.65% | 0.62% | 0.62% | 0.60% | 0.50% |
| ▁▄▇▇▇▇█▃ | Efficiency Ratio (%) | 73.6% | 74.6% | 75.7% | 75.7% | 75.7% | 75.6% | 76.2% | 74.4% |
| ██▆▅▆▇▄▁ | Cost of Funds (%) | 1.72% | 1.74% | 1.68% | 1.66% | 1.68% | 1.70% | 1.64% | 1.54% |
| █▆█▂▃▅▁▁ | NPA / Assets (%) | 0.20% | 0.16% | 0.20% | 0.11% | 0.11% | 0.15% | 0.08% | 0.08% |
| █▆█▂▃▅▁▁ | Net Charge-Off Ratio (%) | 0.25% | 0.20% | 0.24% | 0.13% | 0.13% | 0.18% | 0.10% | 0.10% |
| █▃▄▆▇▁▂▃ | Tang. Book Value ($M) | $126 | $120 | $121 | $123 | $125 | $117 | $118 | $120 |
| ▇▆▇█▅▄▃▁ | Gross Loans ($M) | $1,060 | $1,055 | $1,061 | $1,066 | $1,052 | $1,048 | $1,043 | $1,036 |
| ▅▁▁█▅▄▂▆ | Total Deposits ($M) | $895 | $877 | $878 | $910 | $895 | $890 | $884 | $901 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 26% |