Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.35% | +0.07 | 0.28% |
| Return on Equity (%) | ▲ | 3.43% | +0.51 | 2.92% |
| Net Interest Margin (%) | ▲ | 2.59% | +0.38 | 2.21% |
| Efficiency Ratio (%) | ▲ | 85.42% | -1.64 | 87.06% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.04 | $0 |
| Cost of Funds (%) | ▲ | 1.81% | -0.10 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $187 | +2.88 | $184 |
| Gross Loans ($M) | ▲ | $146 | +3.72 | $142 |
| Loan Growth YoY (%) | ▲ | 88.08% | +2.43 | 85.65% |
| Total Deposits ($M) | ▼ | $165 | -0.35 | $166 |
| Shareholders Equity ($M) | ▲ | $19 | +1.18 | $18 |
| Tang. Book Value ($M) | ▲ | $19 | +1.17 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +1.09 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 88.08% | +2.43 | 85.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.02 | 0.04% |
| Allowance / Loans (%) | — | 0.21% | -0.01% | 0.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.08% | +0.03 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.08% | -0.10 | 20.18% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▆█ | Net Interest Margin (%) | 1.76% | 1.77% | 1.83% | 2.21% | 2.25% | 2.30% | 2.33% | 2.59% |
| ▁▁▂▇▇███ | Return on Assets (%) | -0.11% | -0.09% | -0.03% | 0.28% | 0.33% | 0.36% | 0.40% | 0.35% |
| ██▇▂▁▁▁▁ | Efficiency Ratio (%) | 111.5% | 110.3% | 106.0% | 87.1% | 84.8% | 83.8% | 82.2% | 85.4% |
| ██▅▃▂▄▂▁ | Cost of Funds (%) | 2.14% | 2.15% | 2.02% | 1.91% | 1.88% | 1.95% | 1.89% | 1.81% |
| ▆▂▁▁█▁▃▄ | NPA / Assets (%) | 0.09% | 0.05% | 0.04% | 0.04% | 0.10% | 0.04% | 0.06% | 0.06% |
| ▇▂▁▁█▁▃▃ | Net Charge-Off Ratio (%) | 0.11% | 0.06% | 0.05% | 0.05% | 0.13% | 0.05% | 0.07% | 0.08% |
| ▁▄▁▂▃▆██ | Tang. Book Value ($M) | $17 | $18 | $18 | $18 | $18 | $18 | $19 | $19 |
| ▁▃▄▄▄▄▇█ | Gross Loans ($M) | $139 | $141 | $142 | $142 | $142 | $142 | $145 | $146 |
| ▁▆█▆▂▁▆▆ | Total Deposits ($M) | $161 | $166 | $167 | $166 | $162 | $161 | $165 | $165 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 20% |