Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.63% | -0.19 | 0.82% |
| Return on Equity (%) | ▼ | 8.06% | -1.75 | 9.81% |
| Net Interest Margin (%) | ▼ | 3.17% | -0.14 | 3.31% |
| Efficiency Ratio (%) | ▼ | 70.77% | +6.84 | 63.93% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.09 | $2 |
| Cost of Funds (%) | ▼ | 1.64% | +0.31 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $764 | +129.02 | $635 |
| Gross Loans ($M) | ▲ | $398 | +46.74 | $351 |
| Loan Growth YoY (%) | ▼ | 58.62% | -1.33 | 59.95% |
| Total Deposits ($M) | ▲ | $670 | +91.93 | $579 |
| Shareholders Equity ($M) | ▲ | $60 | +6.49 | $53 |
| Tang. Book Value ($M) | ▲ | $60 | +6.49 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +10.26 | $63 |
| Loan / Deposit Ratio (%) | ▼ | 58.62% | -1.33 | 59.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 1.24% | -0.02% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.72% | -0.42 | 14.14% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇██▆▄ | Net Interest Margin (%) | 3.06% | 3.10% | 3.15% | 3.31% | 3.36% | 3.33% | 3.28% | 3.17% |
| ▄▅▆█▇▆▄▁ | Return on Assets (%) | 0.71% | 0.74% | 0.77% | 0.82% | 0.78% | 0.76% | 0.72% | 0.63% |
| ▅▄▃▁▂▄▅█ | Efficiency Ratio (%) | 67.7% | 67.0% | 65.8% | 63.9% | 65.4% | 66.7% | 67.5% | 70.8% |
| ▅█▁▁▂▁▅▇ | Cost of Funds (%) | 1.56% | 1.71% | 1.36% | 1.32% | 1.39% | 1.33% | 1.55% | 1.64% |
| ▁▁▁▁▁▁█▃ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.01% |
| ▁▁▁▁▁▁█▃ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.02% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $47 | $52 | $50 | $53 | $55 | $57 | $59 | $60 |
| ▁▃▅▅▆▇██ | Gross Loans ($M) | $298 | $324 | $350 | $351 | $361 | $374 | $398 | $398 |
| ▁▁▂▄▂▆██ | Total Deposits ($M) | $522 | $539 | $548 | $579 | $550 | $618 | $666 | $670 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 7% |