Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.11 | 1.12% |
| Return on Equity (%) | ▼ | 12.99% | -0.76 | 13.75% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.05 | 3.83% |
| Efficiency Ratio (%) | ▼ | 63.93% | +0.38 | 63.56% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.07 | $2 |
| Cost of Funds (%) | ▼ | 0.75% | +0.05 | 0.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $506 | +21.16 | $484 |
| Gross Loans ($M) | ▲ | $276 | +30.88 | $245 |
| Loan Growth YoY (%) | ▲ | 60.02% | +5.18 | 54.84% |
| Total Deposits ($M) | ▲ | $454 | +13.78 | $440 |
| Shareholders Equity ($M) | ▲ | $48 | +6.87 | $41 |
| Tang. Book Value ($M) | ▲ | $48 | +6.76 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +6.21 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 60.02% | +5.18 | 54.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.87% | +0.79 | 0.08% |
| Allowance / Loans (%) | — | 1.12% | -0.22% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 1.59% | +1.44 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.98% | -0.59 | 17.57% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃█████ | Net Interest Margin (%) | 3.10% | 3.17% | 3.31% | 3.83% | 3.87% | 3.87% | 3.87% | 3.88% |
| ▁▂▇▆▅▆██ | Return on Assets (%) | 0.85% | 0.95% | 1.15% | 1.12% | 1.06% | 1.11% | 1.20% | 1.23% |
| █▇▄▃▂▂▁▃ | Efficiency Ratio (%) | 72.4% | 70.1% | 65.2% | 63.6% | 62.5% | 62.9% | 60.4% | 63.9% |
| █▆▃▁▁▃▃▁ | Cost of Funds (%) | 1.10% | 0.98% | 0.82% | 0.70% | 0.72% | 0.81% | 0.82% | 0.75% |
| ▁▁▁▁████ | NPA / Assets (%) | 0.09% | 0.09% | 0.08% | 0.08% | 0.93% | 0.94% | 0.86% | 0.87% |
| ▁▁▁▁███▇ | Net Charge-Off Ratio (%) | 0.19% | 0.19% | 0.16% | 0.15% | 1.80% | 1.82% | 1.70% | 1.59% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $35 | $41 | $38 | $41 | $43 | $46 | $48 | $48 |
| ▁▁▃▃▄▄▆█ | Gross Loans ($M) | $231 | $229 | $242 | $245 | $249 | $251 | $260 | $276 |
| ▄▇▆▄▁▄█▇ | Total Deposits ($M) | $438 | $455 | $453 | $440 | $418 | $439 | $465 | $454 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |