Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.36% | +1.14 | -0.78% |
| Return on Equity (%) | ▲ | 2.63% | +7.56 | -4.93% |
| Net Interest Margin (%) | ▲ | 2.72% | +0.11 | 2.61% |
| Efficiency Ratio (%) | ▲ | 81.17% | -37.72 | 118.89% |
| Pre-Provision Profit ($M) | ▲ | $2 | +3.38 | $-2 |
| Cost of Funds (%) | ▲ | 2.02% | -0.14 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,425 | +167.53 | $1,257 |
| Gross Loans ($M) | ▲ | $1,069 | +66.92 | $1,002 |
| Loan Growth YoY (%) | ▼ | 92.73% | -24.10 | 116.83% |
| Total Deposits ($M) | ▲ | $1,142 | +293.60 | $849 |
| Shareholders Equity ($M) | ▼ | $188 | -17.56 | $205 |
| Tang. Book Value ($M) | ▲ | $187 | +8.61 | $178 |
| TBV excl. AOCI ($M)** | ▲ | $201 | +13.52 | $187 |
| Loan / Deposit Ratio (%) | ▼ | 92.73% | -24.10 | 116.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.80% | +0.74 | 0.07% |
| Allowance / Loans (%) | — | 0.89% | -0.13% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 1.07% | +0.99 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▆▆▇▇█ | Net Interest Margin (%) | 2.38% | 2.44% | 2.46% | 2.61% | 2.60% | 2.64% | 2.67% | 2.72% |
| ███▅▇▁▃█ | Return on Assets (%) | 0.06% | 0.10% | 0.18% | -0.78% | -0.25% | -2.62% | -1.85% | 0.36% |
| ▂▂▂█▅▂▂▁ | Efficiency Ratio (%) | 90.6% | 88.1% | 86.6% | 118.9% | 104.1% | 88.3% | 86.3% | 81.2% |
| ▂▃█▂▂▂▃▁ | Cost of Funds (%) | 2.22% | 2.29% | 2.86% | 2.16% | 2.14% | 2.16% | 2.26% | 2.02% |
| ▁▁▁▁▃█▇▇ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.07% | 0.36% | 1.01% | 0.83% | 0.80% |
| ▁▁▁▁▃█▇▇ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.03% | 0.09% | 0.45% | 1.32% | 1.09% | 1.07% |
| ▁▄▃▃▄▇██ | Tang. Book Value ($M) | $174 | $179 | $178 | $178 | $180 | $184 | $186 | $187 |
| ▁▂▅▄▃▆▆█ | Gross Loans ($M) | $947 | $975 | $1,008 | $1,002 | $987 | $1,023 | $1,026 | $1,069 |
| ▁▁▂▃▃▄▅█ | Total Deposits ($M) | $766 | $749 | $819 | $849 | $870 | $919 | $988 | $1,142 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 18% |