Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.14% | +0.19 | -0.05% |
| Return on Equity (%) | ▲ | 1.54% | +2.05 | -0.51% |
| Net Interest Margin (%) | ▲ | 2.49% | +0.42 | 2.08% |
| Efficiency Ratio (%) | ▲ | 95.57% | -16.28 | 111.85% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.35 | $-0 |
| Cost of Funds (%) | ▲ | 2.40% | -0.33 | 2.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $388 | -5.88 | $394 |
| Gross Loans ($M) | ▼ | $317 | -1.28 | $318 |
| Loan Growth YoY (%) | ▼ | 101.15% | -7.15 | 108.30% |
| Total Deposits ($M) | ▲ | $311 | +19.42 | $292 |
| Shareholders Equity ($M) | ▼ | $36 | -0.42 | $36 |
| Tang. Book Value ($M) | ▼ | $36 | -0.42 | $36 |
| TBV excl. AOCI ($M)** | ▼ | $37 | -0.64 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 101.15% | -7.15 | 108.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.12 | 0.17% |
| Allowance / Loans (%) | — | 0.52% | -0.01% | 0.53% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.16 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.03% | +0.41 | 13.62% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 2.00% | 2.01% | 2.01% | 2.08% | 2.14% | 2.19% | 2.28% | 2.49% |
| ▃▃▄▅▁▂▃█ | Return on Assets (%) | -0.18% | -0.17% | -0.15% | -0.05% | -0.35% | -0.25% | -0.17% | 0.14% |
| █▇▇▆▄▄▃▁ | Efficiency Ratio (%) | 121.0% | 117.5% | 115.0% | 111.9% | 107.9% | 106.2% | 103.4% | 95.6% |
| ▇██▆▅▅▄▁ | Cost of Funds (%) | 2.80% | 2.88% | 2.85% | 2.72% | 2.69% | 2.68% | 2.63% | 2.40% |
| ▃▂███▄▁▁ | NPA / Assets (%) | 0.09% | 0.07% | 0.18% | 0.17% | 0.18% | 0.10% | 0.05% | 0.04% |
| ▃▂███▄▁▁ | Net Charge-Off Ratio (%) | 0.11% | 0.09% | 0.22% | 0.21% | 0.23% | 0.12% | 0.06% | 0.05% |
| █▇▆▆▁▁▁▂ | Tang. Book Value ($M) | $36 | $36 | $36 | $36 | $35 | $35 | $35 | $36 |
| ▃▃█▆▃▂▁▅ | Gross Loans ($M) | $313 | $314 | $322 | $318 | $313 | $312 | $310 | $317 |
| ▁▁▃▄▇▇▅█ | Total Deposits ($M) | $283 | $280 | $289 | $292 | $307 | $307 | $296 | $311 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 25% |