Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.79% | +0.26 | 0.53% |
| Return on Equity (%) | ▲ | 8.16% | +2.82 | 5.34% |
| Net Interest Margin (%) | ▲ | 3.05% | +0.43 | 2.62% |
| Efficiency Ratio (%) | ▲ | 65.17% | -8.58 | 73.75% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.88 | $1 |
| Cost of Funds (%) | ▲ | 2.96% | -0.14 | 3.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $856 | +81.24 | $775 |
| Gross Loans ($M) | ▲ | $732 | +57.12 | $675 |
| Loan Growth YoY (%) | ▼ | 99.66% | -2.74 | 102.41% |
| Total Deposits ($M) | ▲ | $730 | +75.05 | $655 |
| Shareholders Equity ($M) | ▲ | $81 | +4.93 | $76 |
| Tang. Book Value ($M) | ▲ | $81 | +4.93 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +4.82 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 99.66% | -2.74 | 102.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.03 | 0.26% |
| Allowance / Loans (%) | — | 0.61% | -0.01% | 0.62% |
| Net Charge-Off Ratio (%) | ▲ | 0.27% | -0.03 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.82% | -0.42 | 12.24% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▄▅▇█ | Net Interest Margin (%) | 2.46% | 2.55% | 2.58% | 2.62% | 2.75% | 2.82% | 2.91% | 3.05% |
| ▁▂▃▃▅▆▆█ | Return on Assets (%) | 0.39% | 0.46% | 0.52% | 0.53% | 0.61% | 0.66% | 0.66% | 0.79% |
| █▇▅▅▃▂▂▁ | Efficiency Ratio (%) | 80.2% | 76.6% | 73.9% | 73.7% | 70.5% | 67.4% | 68.2% | 65.2% |
| ▆█▆▂▄▃▃▁ | Cost of Funds (%) | 3.36% | 3.54% | 3.37% | 3.10% | 3.22% | 3.11% | 3.15% | 2.96% |
| █▃▂▂▇▁▁▁ | NPA / Assets (%) | 0.38% | 0.27% | 0.26% | 0.26% | 0.34% | 0.24% | 0.24% | 0.23% |
| █▃▂▂▆▁▁▁ | Net Charge-Off Ratio (%) | 0.43% | 0.31% | 0.30% | 0.30% | 0.39% | 0.27% | 0.27% | 0.27% |
| ▁▂▃▃▄▅▇█ | Tang. Book Value ($M) | $74 | $75 | $76 | $76 | $77 | $78 | $80 | $81 |
| ▁▁▁▂▃▅▇█ | Gross Loans ($M) | $662 | $670 | $667 | $675 | $681 | $705 | $721 | $732 |
| ▁▃▃▄▄▅▇█ | Total Deposits ($M) | $601 | $639 | $645 | $655 | $652 | $672 | $707 | $730 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 29% |