Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -3.28% | -4.51 | 1.22% |
| Return on Equity (%) | ▼ | -32.69% | -44.20 | 11.51% |
| Net Interest Margin (%) | ▲ | 4.67% | +0.68 | 3.99% |
| Efficiency Ratio (%) | ▲ | 59.09% | -3.60 | 62.68% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.47 | $2 |
| Cost of Funds (%) | ▼ | 1.40% | +0.07 | 1.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $414 | +8.29 | $406 |
| Gross Loans ($M) | ▲ | $291 | +46.76 | $244 |
| Loan Growth YoY (%) | ▲ | 78.56% | +5.60 | 72.96% |
| Total Deposits ($M) | ▲ | $364 | +34.84 | $330 |
| Shareholders Equity ($M) | ▼ | $38 | -5.22 | $43 |
| Tang. Book Value ($M) | ▼ | $37 | -5.18 | $42 |
| TBV excl. AOCI ($M)** | ▼ | $40 | -8.82 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 78.56% | +5.60 | 72.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.05 | 0.12% |
| Allowance / Loans (%) | — | 1.54% | 0.09% | 1.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.10 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 3.69% | 3.74% | 3.80% | 3.99% | 4.11% | 4.19% | 4.22% | 4.67% |
| ███████▁ | Return on Assets (%) | 1.10% | 1.15% | 1.17% | 1.22% | 1.30% | 1.36% | 1.22% | -3.28% |
| █▇█▅▄▂▃▁ | Efficiency Ratio (%) | 64.9% | 63.8% | 64.5% | 62.7% | 61.5% | 60.1% | 60.9% | 59.1% |
| ▁█▇▅█▇██ | Cost of Funds (%) | 1.25% | 1.39% | 1.38% | 1.33% | 1.38% | 1.37% | 1.39% | 1.40% |
| ▃▂▅▁▂█▂▁ | NPA / Assets (%) | 0.19% | 0.15% | 0.34% | 0.12% | 0.17% | 0.53% | 0.14% | 0.07% |
| ▃▂▅▂▂█▂▁ | Net Charge-Off Ratio (%) | 0.33% | 0.25% | 0.56% | 0.21% | 0.27% | 0.84% | 0.22% | 0.10% |
| ▂▃▄▅▇██▁ | Tang. Book Value ($M) | $39 | $40 | $41 | $42 | $44 | $45 | $46 | $37 |
| ▁▁▂▃▄▅▆█ | Gross Loans ($M) | $225 | $227 | $237 | $244 | $251 | $259 | $271 | $291 |
| ▁▁▂▂▅▄▅█ | Total Deposits ($M) | $319 | $319 | $327 | $330 | $343 | $340 | $345 | $364 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 13% |