Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.02% | +0.26 | -0.28% |
| Return on Equity (%) | ▲ | -0.14% | +1.99 | -2.13% |
| Net Interest Margin (%) | ▲ | 2.48% | +0.45 | 2.03% |
| Efficiency Ratio (%) | ▲ | 100.98% | -13.33 | 114.31% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.16 | $-0 |
| Cost of Funds (%) | ▲ | 2.39% | -0.40 | 2.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $245 | -9.70 | $254 |
| Gross Loans ($M) | ▲ | $195 | +3.71 | $192 |
| Loan Growth YoY (%) | ▲ | 92.63% | +6.14 | 86.49% |
| Total Deposits ($M) | ▼ | $210 | -8.67 | $219 |
| Shareholders Equity ($M) | ▼ | $34 | -0.54 | $34 |
| Tang. Book Value ($M) | ▼ | $28 | -0.54 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 92.63% | +6.14 | 86.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.21% | -0.82 | 2.03% |
| Allowance / Loans (%) | — | 0.46% | -0.89% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 1.51% | -1.18 | 2.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▂▄▅▄█ | Net Interest Margin (%) | 2.01% | 1.94% | 1.92% | 2.03% | 2.16% | 2.23% | 2.18% | 2.48% |
| ▅▄▁▅▆▆▅█ | Return on Assets (%) | -0.29% | -0.40% | -0.64% | -0.28% | -0.23% | -0.19% | -0.29% | -0.02% |
| ▃▆█▇▆▅▇▁ | Efficiency Ratio (%) | 106.6% | 112.7% | 117.2% | 114.3% | 112.0% | 109.8% | 113.8% | 101.0% |
| ▇█▆▄▂▂▂▁ | Cost of Funds (%) | 3.15% | 3.30% | 3.01% | 2.79% | 2.60% | 2.52% | 2.52% | 2.39% |
| ▇█▇▆█▅▁▁ | NPA / Assets (%) | 2.17% | 2.29% | 2.16% | 2.03% | 2.44% | 1.90% | 1.24% | 1.21% |
| █▆▇▆█▅▁▁ | Net Charge-Off Ratio (%) | 2.93% | 2.65% | 2.86% | 2.69% | 3.09% | 2.43% | 1.64% | 1.51% |
| █▇▃▃▂▂▁▁ | Tang. Book Value ($M) | $30 | $29 | $28 | $28 | $28 | $28 | $28 | $28 |
| █▆▄▂▂▂▁▄ | Gross Loans ($M) | $207 | $201 | $195 | $192 | $190 | $190 | $187 | $195 |
| █▆▅▄▁▁▂▂ | Total Deposits ($M) | $238 | $228 | $223 | $219 | $205 | $207 | $211 | $210 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 12% |