Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.47% | +0.30 | 0.17% |
| Return on Equity (%) | ▲ | 3.55% | +2.25 | 1.30% |
| Net Interest Margin (%) | ▲ | 3.12% | +0.48 | 2.64% |
| Efficiency Ratio (%) | ▲ | 81.10% | -10.50 | 91.60% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.29 | $0 |
| Cost of Funds (%) | ▲ | 2.26% | -0.35 | 2.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $295 | +3.93 | $291 |
| Gross Loans ($M) | ▲ | $213 | +4.31 | $209 |
| Loan Growth YoY (%) | ▲ | 83.44% | +0.82 | 82.61% |
| Total Deposits ($M) | ▲ | $254 | +2.63 | $251 |
| Shareholders Equity ($M) | ▲ | $39 | +1.70 | $38 |
| Tang. Book Value ($M) | ▲ | $39 | +1.83 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +1.57 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 83.44% | +0.82 | 82.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.81% | +0.37 | 0.45% |
| Allowance / Loans (%) | — | 0.68% | 0.01% | 0.67% |
| Net Charge-Off Ratio (%) | ▼ | 1.13% | +0.51 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▄▅█ | Net Interest Margin (%) | 2.55% | 2.52% | 2.55% | 2.64% | 2.75% | 2.80% | 2.87% | 3.12% |
| ▁▁▁▁▃▅▆█ | Return on Assets (%) | 0.14% | 0.13% | 0.15% | 0.17% | 0.23% | 0.30% | 0.34% | 0.47% |
| ███▇▅▄▃▁ | Efficiency Ratio (%) | 94.1% | 94.0% | 93.4% | 91.6% | 88.5% | 87.0% | 85.8% | 81.1% |
| ▆██▆▅▄▃▁ | Cost of Funds (%) | 2.61% | 2.77% | 2.71% | 2.61% | 2.56% | 2.51% | 2.40% | 2.26% |
| ▁▃▁▁▃▃▇█ | NPA / Assets (%) | 0.45% | 0.57% | 0.45% | 0.45% | 0.57% | 0.56% | 0.74% | 0.81% |
| ▁▃▁▁▃▃▇█ | Net Charge-Off Ratio (%) | 0.62% | 0.80% | 0.64% | 0.62% | 0.77% | 0.77% | 1.02% | 1.13% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $36 | $36 | $36 | $37 | $37 | $38 | $38 | $39 |
| ▁▃▃▄█▆█▇ | Gross Loans ($M) | $202 | $207 | $207 | $209 | $215 | $212 | $214 | $213 |
| ▁▃▇▇▇███ | Total Deposits ($M) | $238 | $244 | $252 | $251 | $252 | $253 | $255 | $254 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 14% |