Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.45% | +0.31 | 0.13% |
| Return on Equity (%) | ▲ | 3.61% | +2.62 | 0.99% |
| Net Interest Margin (%) | ▲ | 2.68% | +0.39 | 2.29% |
| Efficiency Ratio (%) | ▲ | 77.59% | -12.65 | 90.24% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.15 | $0 |
| Cost of Funds (%) | ▲ | 2.52% | -0.09 | 2.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $156 | +15.99 | $140 |
| Gross Loans ($M) | ▲ | $131 | +13.31 | $117 |
| Loan Growth YoY (%) | ▲ | 122.37% | +1.89 | 120.48% |
| Total Deposits ($M) | ▲ | $106 | +9.35 | $97 |
| Shareholders Equity ($M) | ▲ | $19 | +0.53 | $19 |
| Tang. Book Value ($M) | ▲ | $19 | +0.53 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 122.37% | +1.89 | 120.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.47% | +0.25 | 0.21% |
| Allowance / Loans (%) | — | 0.36% | -0.01% | 0.37% |
| Net Charge-Off Ratio (%) | ▼ | 0.55% | +0.30 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 1.94% | 2.00% | 2.08% | 2.29% | 2.39% | 2.41% | 2.45% | 2.68% |
| ▁▁▂▅▆▅▆█ | Return on Assets (%) | -0.37% | -0.33% | -0.20% | 0.13% | 0.19% | 0.12% | 0.19% | 0.45% |
| ██▆▃▂▃▂▁ | Efficiency Ratio (%) | 123.6% | 119.1% | 110.1% | 90.2% | 87.2% | 91.0% | 87.2% | 77.6% |
| ▆▇█▄▄▁▂▁ | Cost of Funds (%) | 2.66% | 2.71% | 2.74% | 2.61% | 2.61% | 2.49% | 2.54% | 2.52% |
| ▁▁▁▁█▆▄▄ | NPA / Assets (%) | 0.20% | 0.18% | 0.18% | 0.21% | 0.78% | 0.58% | 0.45% | 0.47% |
| ▁▁▁▁█▆▄▄ | Net Charge-Off Ratio (%) | 0.24% | 0.21% | 0.22% | 0.25% | 0.92% | 0.69% | 0.53% | 0.55% |
| ▁▃▁▂▁▄▇█ | Tang. Book Value ($M) | $19 | $19 | $18 | $19 | $19 | $19 | $19 | $19 |
| ▁▁▂▄▄▅██ | Gross Loans ($M) | $109 | $112 | $113 | $117 | $119 | $122 | $128 | $131 |
| ▁▁▁▂▁▅▆█ | Total Deposits ($M) | $95 | $95 | $96 | $97 | $96 | $101 | $102 | $106 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 101% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 28% |