Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.32% | +0.29 | -0.62% |
| Return on Equity (%) | ▲ | -2.78% | +2.74 | -5.52% |
| Net Interest Margin (%) | ▲ | 2.30% | +0.50 | 1.80% |
| Efficiency Ratio (%) | ▲ | 117.20% | -26.79 | 143.99% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.41 | $-1 |
| Cost of Funds (%) | ▲ | 1.60% | -0.20 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $408 | -0.04 | $408 |
| Gross Loans ($M) | ▲ | $232 | +4.25 | $228 |
| Loan Growth YoY (%) | ▲ | 63.91% | +1.32 | 62.58% |
| Total Deposits ($M) | ▼ | $360 | -1.18 | $361 |
| Shareholders Equity ($M) | ▲ | $47 | +0.89 | $47 |
| Tang. Book Value ($M) | ▲ | $47 | +0.89 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +1.25 | $53 |
| Loan / Deposit Ratio (%) | ▲ | 63.91% | +1.32 | 62.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.02 | 0.10% |
| Allowance / Loans (%) | — | 1.02% | 0.08% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.03 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 1.55% | 1.50% | 1.51% | 1.80% | 1.88% | 1.94% | 2.01% | 2.30% |
| ▂▁▁▂▄▅▅█ | Return on Assets (%) | -0.64% | -0.70% | -0.71% | -0.62% | -0.53% | -0.48% | -0.48% | -0.32% |
| ▇██▆▄▃▃▁ | Efficiency Ratio (%) | 152.3% | 158.0% | 157.4% | 144.0% | 135.9% | 131.4% | 128.2% | 117.2% |
| ▇██▄▃▂▃▁ | Cost of Funds (%) | 1.95% | 2.05% | 2.01% | 1.80% | 1.72% | 1.71% | 1.72% | 1.60% |
| ▅█▂▃▆▁▄▄ | NPA / Assets (%) | 0.13% | 0.20% | 0.08% | 0.10% | 0.16% | 0.06% | 0.12% | 0.12% |
| ▅█▂▃▆▁▄▄ | Net Charge-Off Ratio (%) | 0.25% | 0.37% | 0.15% | 0.18% | 0.30% | 0.11% | 0.21% | 0.21% |
| ▁█▁▄▅▇█▆ | Tang. Book Value ($M) | $45 | $48 | $45 | $47 | $47 | $48 | $48 | $47 |
| ▁▂▄▄▃▃▅█ | Gross Loans ($M) | $224 | $226 | $228 | $228 | $227 | $227 | $228 | $232 |
| ▂▁█▂▃▅▁▁ | Total Deposits ($M) | $361 | $361 | $367 | $361 | $362 | $364 | $361 | $360 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 1% |
| Interest-Bearing (core) | 89% |
| Brokered / Other | 10% |