Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.48% | +0.15 | 0.32% |
| Return on Equity (%) | ▲ | 3.27% | +1.08 | 2.19% |
| Net Interest Margin (%) | ▲ | 2.41% | +0.33 | 2.08% |
| Efficiency Ratio (%) | ▲ | 72.42% | -5.82 | 78.24% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $0 |
| Cost of Funds (%) | ▼ | 1.43% | +0.03 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $411 | +20.97 | $390 |
| Gross Loans ($M) | ▼ | $226 | -2.27 | $228 |
| Loan Growth YoY (%) | ▼ | 64.26% | -4.37 | 68.63% |
| Total Deposits ($M) | ▲ | $347 | +18.69 | $329 |
| Shareholders Equity ($M) | ▲ | $60 | +2.19 | $57 |
| Tang. Book Value ($M) | ▲ | $60 | +2.19 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +2.90 | $63 |
| Loan / Deposit Ratio (%) | ▼ | 64.26% | -4.37 | 68.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.14 | 0.24% |
| Allowance / Loans (%) | — | 1.18% | 0.05% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.22 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 35.14% | +2.49 | 32.65% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▇▇█ | Net Interest Margin (%) | 1.89% | 1.91% | 1.94% | 2.08% | 2.17% | 2.28% | 2.30% | 2.41% |
| ▁▂▁▄▅▇▅█ | Return on Assets (%) | 0.20% | 0.24% | 0.21% | 0.32% | 0.35% | 0.42% | 0.37% | 0.48% |
| █▇█▄▄▂▄▁ | Efficiency Ratio (%) | 85.1% | 82.2% | 84.5% | 78.2% | 77.3% | 74.3% | 77.4% | 72.4% |
| ▁█▅▃▂▂▇▅ | Cost of Funds (%) | 1.37% | 1.48% | 1.44% | 1.40% | 1.39% | 1.39% | 1.45% | 1.43% |
| ▂█▇▇▁▁▁▁ | NPA / Assets (%) | 0.13% | 0.28% | 0.25% | 0.24% | 0.10% | 0.11% | 0.11% | 0.10% |
| ▂█▇▇▁▁▁▁ | Net Charge-Off Ratio (%) | 0.23% | 0.47% | 0.42% | 0.41% | 0.17% | 0.19% | 0.19% | 0.19% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $56 | $57 | $57 | $57 | $58 | $59 | $59 | $60 |
| ▁▇▇▆▄█▄▄ | Gross Loans ($M) | $222 | $229 | $228 | $228 | $225 | $230 | $226 | $226 |
| ▁▂▂▄▅▅▇█ | Total Deposits ($M) | $314 | $319 | $321 | $329 | $331 | $332 | $340 | $347 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 12% |