Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.69% | -0.06 | 1.75% |
| Return on Equity (%) | ▼ | 5.88% | -0.40 | 6.28% |
| Net Interest Margin (%) | ▲ | 4.72% | +0.05 | 4.67% |
| Efficiency Ratio (%) | ▼ | 56.93% | +0.13 | 56.80% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.05 | $3 |
| Cost of Funds (%) | ▼ | 0.58% | +0.02 | 0.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $591 | +27.55 | $563 |
| Gross Loans ($M) | ▲ | $514 | +21.85 | $492 |
| Loan Growth YoY (%) | ▲ | 121.67% | +0.11 | 121.56% |
| Total Deposits ($M) | ▲ | $417 | +17.60 | $400 |
| Shareholders Equity ($M) | ▲ | $170 | +10.64 | $159 |
| Tang. Book Value ($M) | ▲ | $170 | +10.68 | $159 |
| Loan / Deposit Ratio (%) | ▲ | 121.67% | +0.11 | 121.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.11 | 0.54% |
| Allowance / Loans (%) | — | 1.17% | -0.05% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.75% | +0.13 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▄▇██▆ | Net Interest Margin (%) | 4.56% | 4.63% | 4.68% | 4.67% | 4.75% | 4.80% | 4.81% | 4.72% |
| ▃▄█▂▃▄▃▁ | Return on Assets (%) | 1.84% | 1.86% | 2.14% | 1.75% | 1.84% | 1.87% | 1.86% | 1.69% |
| ▁▁▁█▄▄▆█ | Efficiency Ratio (%) | 53.2% | 53.1% | 53.1% | 56.8% | 54.6% | 54.7% | 55.6% | 56.9% |
| █▄▃▁▂▆▇▅ | Cost of Funds (%) | 0.60% | 0.58% | 0.58% | 0.57% | 0.57% | 0.59% | 0.59% | 0.58% |
| ▁▃▃▄▇▇██ | NPA / Assets (%) | 0.44% | 0.50% | 0.52% | 0.54% | 0.63% | 0.63% | 0.63% | 0.66% |
| ▁▃▄▄████ | Net Charge-Off Ratio (%) | 0.50% | 0.57% | 0.61% | 0.62% | 0.73% | 0.73% | 0.73% | 0.75% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $150 | $152 | $156 | $159 | $162 | $165 | $167 | $170 |
| ▂▂▁▃▅▃▆█ | Gross Loans ($M) | $489 | $489 | $484 | $492 | $499 | $495 | $504 | $514 |
| ▁▁▅▃▆▄▆█ | Total Deposits ($M) | $394 | $395 | $407 | $400 | $410 | $405 | $409 | $417 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 59% |