Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.72% | +0.28 | 0.44% |
| Return on Equity (%) | ▲ | 9.29% | +3.69 | 5.60% |
| Net Interest Margin (%) | ▲ | 3.05% | +0.43 | 2.62% |
| Efficiency Ratio (%) | ▼ | 71.81% | +21.19 | 50.63% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.94 | $2 |
| Cost of Funds (%) | ▲ | 1.45% | -0.09 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $320 | +18.17 | $301 |
| Gross Loans ($M) | ▲ | $257 | +11.59 | $246 |
| Loan Growth YoY (%) | ▼ | 87.15% | -1.19 | 88.35% |
| Total Deposits ($M) | ▲ | $294 | +16.86 | $277 |
| Shareholders Equity ($M) | ▲ | $25 | +1.12 | $24 |
| Tang. Book Value ($M) | ▲ | $25 | +1.12 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +1.45 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 87.15% | -1.19 | 88.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 0.48% | 0.06% | 0.43% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.02% | -0.70 | 16.72% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▅▆█ | Net Interest Margin (%) | 2.12% | 2.20% | 2.26% | 2.62% | 2.64% | 2.67% | 2.75% | 3.05% |
| ▁▁▂▃█▇▅█ | Return on Assets (%) | 0.28% | 0.32% | 0.39% | 0.44% | 0.71% | 0.64% | 0.55% | 0.72% |
| ███▁▂▃▄▅ | Efficiency Ratio (%) | 87.9% | 86.4% | 83.8% | 50.6% | 56.9% | 63.2% | 64.7% | 71.8% |
| █▆▅▂▄▄▁▁ | Cost of Funds (%) | 1.97% | 1.83% | 1.73% | 1.54% | 1.70% | 1.67% | 1.51% | 1.45% |
| ▁▁▁█▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▆▆▇██ | Tang. Book Value ($M) | $22 | $23 | $23 | $24 | $24 | $25 | $25 | $25 |
| ▃▂▁▁▃▆█▇ | Gross Loans ($M) | $251 | $248 | $247 | $246 | $251 | $256 | $261 | $257 |
| ▁▄▄▆▅███ | Total Deposits ($M) | $248 | $267 | $266 | $277 | $273 | $293 | $290 | $294 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 5% |