Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.73% | +0.11 | 1.62% |
| Return on Equity (%) | ▼ | 8.66% | -0.74 | 9.40% |
| Net Interest Margin (%) | ▲ | 4.52% | +0.20 | 4.32% |
| Efficiency Ratio (%) | ▼ | 57.54% | +1.77 | 55.77% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.12 | $3 |
| Cost of Funds (%) | ▲ | 0.22% | -0.25 | 0.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $632 | -32.22 | $664 |
| Gross Loans ($M) | ▼ | $265 | -48.19 | $314 |
| Loan Growth YoY (%) | ▼ | 53.65% | -9.36 | 63.01% |
| Total Deposits ($M) | ▼ | $488 | -4.10 | $492 |
| Shareholders Equity ($M) | ▲ | $128 | +10.62 | $118 |
| Tang. Book Value ($M) | ▲ | $128 | +10.62 | $118 |
| TBV excl. AOCI ($M)** | ▲ | $144 | +11.59 | $132 |
| Loan / Deposit Ratio (%) | ▼ | 53.65% | -9.36 | 63.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.03 | 0.02% |
| Allowance / Loans (%) | — | 1.42% | 0.23% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.07 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▄▅▇█ | Net Interest Margin (%) | 4.25% | 4.29% | 4.32% | 4.32% | 4.38% | 4.42% | 4.47% | 4.52% |
| ▂▃▇▁▄▄█▃ | Return on Assets (%) | 1.69% | 1.73% | 1.91% | 1.62% | 1.78% | 1.76% | 1.95% | 1.73% |
| ▁▁▁▆▃▃▁█ | Efficiency Ratio (%) | 51.3% | 50.9% | 50.9% | 55.8% | 53.2% | 53.1% | 51.1% | 57.5% |
| ▆█▆▆▆▅▁▁ | Cost of Funds (%) | 0.44% | 0.57% | 0.46% | 0.47% | 0.48% | 0.41% | 0.24% | 0.22% |
| ▂█▁▁▁▁▄▄ | NPA / Assets (%) | 0.03% | 0.09% | 0.02% | 0.02% | 0.02% | 0.02% | 0.05% | 0.05% |
| ▂█▁▁▁▁▅▅ | Net Charge-Off Ratio (%) | 0.04% | 0.16% | 0.03% | 0.03% | 0.02% | 0.04% | 0.10% | 0.10% |
| ▁▄▁▄▄███ | Tang. Book Value ($M) | $111 | $119 | $113 | $118 | $119 | $126 | $128 | $128 |
| █▇▆▅▄▃▂▁ | Gross Loans ($M) | $347 | $335 | $326 | $314 | $304 | $292 | $281 | $265 |
| █▃▃▂▁▂▁▂ | Total Deposits ($M) | $535 | $495 | $496 | $492 | $478 | $489 | $480 | $488 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 24% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 70% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 3% |