Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.16% | -0.30 | 0.47% |
| Return on Equity (%) | ▼ | 1.20% | -2.55 | 3.75% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.09 | 4.21% |
| Efficiency Ratio (%) | ▼ | 94.43% | +9.50 | 84.93% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.56 | $1 |
| Cost of Funds (%) | ▲ | 1.01% | -0.03 | 1.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $533 | -52.25 | $586 |
| Gross Loans ($M) | ▲ | $321 | +2.32 | $318 |
| Loan Growth YoY (%) | ▲ | 70.00% | +8.40 | 61.60% |
| Total Deposits ($M) | ▼ | $453 | -58.05 | $511 |
| Shareholders Equity ($M) | ▲ | $72 | +2.32 | $69 |
| Tang. Book Value ($M) | ▲ | $72 | +2.34 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +3.11 | $70 |
| Loan / Deposit Ratio (%) | ▲ | 70.00% | +8.40 | 61.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.46 | 0.48% |
| Allowance / Loans (%) | — | 1.08% | -0.01% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.85 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▁▅▄▂ | Net Interest Margin (%) | 4.58% | 4.61% | 4.58% | 4.21% | 4.23% | 4.43% | 4.41% | 4.31% |
| ███▄▅▆▅▁ | Return on Assets (%) | 0.74% | 0.77% | 0.77% | 0.47% | 0.48% | 0.60% | 0.51% | 0.16% |
| ▁▁▂▄▄▃▄█ | Efficiency Ratio (%) | 77.7% | 77.1% | 79.3% | 84.9% | 84.7% | 81.6% | 84.3% | 94.4% |
| ▄▆█▁▃▄▂▁ | Cost of Funds (%) | 1.13% | 1.20% | 1.28% | 1.05% | 1.09% | 1.13% | 1.05% | 1.01% |
| █████▁▁▁ | NPA / Assets (%) | 0.51% | 0.52% | 0.53% | 0.48% | 0.48% | 0.01% | 0.02% | 0.02% |
| █████▁▁▁ | Net Charge-Off Ratio (%) | 0.87% | 0.90% | 0.87% | 0.88% | 0.83% | 0.02% | 0.03% | 0.03% |
| █▁▂▃▄▆▇▇ | Tang. Book Value ($M) | $73 | $68 | $69 | $69 | $70 | $71 | $71 | $72 |
| █▅█▇▇▁▁▇ | Gross Loans ($M) | $325 | $314 | $322 | $318 | $319 | $300 | $297 | $321 |
| ▄▄▂█▄▁▁▂ | Total Deposits ($M) | $470 | $470 | $453 | $511 | $474 | $444 | $445 | $453 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 53% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 7% |