Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -4.00% | -2.10 | -1.90% |
| Return on Equity (%) | ▼ | -47.65% | -26.59 | -21.06% |
| Net Interest Margin (%) | ▼ | 1.18% | -1.58 | 2.76% |
| Efficiency Ratio (%) | ▼ | 448.91% | +253.50 | 195.41% |
| Pre-Provision Profit ($M) | ▼ | $-2 | -0.76 | $-1 |
| Cost of Funds (%) | ▲ | 3.37% | -0.17 | 3.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $176 | -34.83 | $211 |
| Gross Loans ($M) | ▼ | $151 | -15.15 | $166 |
| Loan Growth YoY (%) | ▲ | 110.72% | +4.10 | 106.61% |
| Total Deposits ($M) | ▼ | $134 | -19.23 | $154 |
| Shareholders Equity ($M) | ▼ | $15 | -2.98 | $18 |
| Tang. Book Value ($M) | ▼ | $14 | -4.30 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 110.72% | +4.10 | 106.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.49 | 0.51% |
| Allowance / Loans (%) | — | 1.30% | 0.02% | 1.28% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.62 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.69% | -1.13 | 15.82% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▆▅▅▁ | Net Interest Margin (%) | 1.22% | 1.33% | 1.34% | 2.76% | 2.29% | 2.11% | 2.00% | 1.18% |
| ████▅▅▄▁ | Return on Assets (%) | -1.77% | -1.76% | -1.91% | -1.90% | -2.63% | -2.74% | -2.88% | -4.00% |
| ▂▂▂▁▃▃▃█ | Efficiency Ratio (%) | 252.9% | 238.6% | 250.0% | 195.4% | 262.9% | 269.6% | 279.0% | 448.9% |
| █▇▅▂▂▃▁▁ | Cost of Funds (%) | 4.33% | 4.21% | 3.96% | 3.54% | 3.60% | 3.63% | 3.46% | 3.37% |
| █▁▆▄▁▁▁▁ | NPA / Assets (%) | 1.27% | 0.03% | 0.83% | 0.51% | 0.03% | 0.09% | 0.03% | 0.03% |
| █▁▆▄▁▁▁▁ | Net Charge-Off Ratio (%) | 1.57% | 0.04% | 1.00% | 0.65% | 0.04% | 0.10% | 0.03% | 0.03% |
| ██▇▆▅▃▁▂ | Tang. Book Value ($M) | $20 | $21 | $19 | $18 | $17 | $16 | $13 | $14 |
| █▇▆▄▁▁▁▁ | Gross Loans ($M) | $186 | $181 | $173 | $166 | $155 | $151 | $151 | $151 |
| █▅▅▅▁▁▁▁ | Total Deposits ($M) | $168 | $154 | $151 | $154 | $136 | $133 | $135 | $134 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 89% |
| Brokered / Other | 10% |