Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.42% | +0.28 | 0.13% |
| Return on Equity (%) | ▲ | 4.31% | +2.80 | 1.51% |
| Net Interest Margin (%) | ▲ | 2.52% | +0.46 | 2.06% |
| Efficiency Ratio (%) | ▲ | 73.70% | -17.40 | 91.10% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.29 | $0 |
| Cost of Funds (%) | ▲ | 2.38% | -0.33 | 2.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,047 | +123.17 | $924 |
| Gross Loans ($M) | ▲ | $845 | +113.85 | $732 |
| Loan Growth YoY (%) | ▲ | 106.28% | +3.07 | 103.21% |
| Total Deposits ($M) | ▲ | $791 | +85.87 | $705 |
| Shareholders Equity ($M) | ▲ | $100 | +19.15 | $81 |
| Tang. Book Value ($M) | ▲ | $100 | +19.15 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $106 | +20.40 | $85 |
| Loan / Deposit Ratio (%) | ▲ | 106.28% | +3.07 | 103.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.04 | 0.20% |
| Allowance / Loans (%) | — | 0.54% | 0.04% | 0.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -0.06 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▆▆▇█ | Net Interest Margin (%) | 1.79% | 1.81% | 1.84% | 2.06% | 2.25% | 2.30% | 2.36% | 2.52% |
| ▃▁▁▄▅▆▆█ | Return on Assets (%) | 0.07% | -0.05% | 0.00% | 0.13% | 0.20% | 0.25% | 0.29% | 0.42% |
| ██▇▇▄▄▃▁ | Efficiency Ratio (%) | 96.9% | 96.6% | 93.8% | 91.1% | 85.0% | 83.3% | 80.8% | 73.7% |
| ▆██▅▃▂▃▁ | Cost of Funds (%) | 2.80% | 2.96% | 2.89% | 2.70% | 2.57% | 2.50% | 2.53% | 2.38% |
| ▁▂▃▂▄▂█▁ | NPA / Assets (%) | 0.16% | 0.19% | 0.22% | 0.20% | 0.24% | 0.20% | 0.36% | 0.16% |
| ▁▂▃▂▄▂█▁ | Net Charge-Off Ratio (%) | 0.21% | 0.23% | 0.27% | 0.26% | 0.29% | 0.24% | 0.45% | 0.20% |
| ▁▁▁▁▇███ | Tang. Book Value ($M) | $79 | $80 | $80 | $81 | $97 | $98 | $99 | $100 |
| ▁▂▃▃▄▆▆█ | Gross Loans ($M) | $686 | $712 | $729 | $732 | $756 | $798 | $805 | $845 |
| ▁▁▂▄▃▅▆█ | Total Deposits ($M) | $637 | $644 | $663 | $705 | $682 | $720 | $752 | $791 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 17% |