Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.16% | +0.15 | 0.01% |
| Return on Equity (%) | ▲ | 1.08% | +1.01 | 0.07% |
| Net Interest Margin (%) | ▲ | 1.78% | +0.33 | 1.45% |
| Efficiency Ratio (%) | ▲ | 89.69% | -10.69 | 100.38% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.40 | $-0 |
| Cost of Funds (%) | ▲ | 1.62% | -0.35 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $797 | -13.52 | $810 |
| Gross Loans ($M) | ▼ | $356 | -15.86 | $372 |
| Loan Growth YoY (%) | ▼ | 52.31% | -1.18 | 53.49% |
| Total Deposits ($M) | ▼ | $677 | -14.49 | $691 |
| Shareholders Equity ($M) | ▲ | $118 | +0.47 | $117 |
| Tang. Book Value ($M) | ▲ | $117 | +0.52 | $117 |
| TBV excl. AOCI ($M)** | ▲ | $134 | +0.65 | $134 |
| Loan / Deposit Ratio (%) | ▼ | 52.31% | -1.18 | 53.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.01 | 0.04% |
| Allowance / Loans (%) | — | 0.53% | -0.00% | 0.53% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.02 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▂▄▅▆█ | Net Interest Margin (%) | 1.43% | 1.36% | 1.34% | 1.45% | 1.54% | 1.58% | 1.62% | 1.78% |
| ▂▂▁▄▃▄▄█ | Return on Assets (%) | -0.03% | -0.05% | -0.09% | 0.01% | -0.01% | 0.02% | 0.02% | 0.16% |
| ▆▇█▅▅▄▄▁ | Efficiency Ratio (%) | 104.3% | 107.2% | 110.3% | 100.4% | 102.1% | 99.4% | 99.2% | 89.7% |
| ▆██▆▄▃▂▁ | Cost of Funds (%) | 1.96% | 2.10% | 2.13% | 1.97% | 1.84% | 1.78% | 1.72% | 1.62% |
| ▂▇▃▄▁▂█▂ | NPA / Assets (%) | 0.03% | 0.06% | 0.03% | 0.04% | 0.02% | 0.02% | 0.06% | 0.03% |
| ▂▇▃▄▁▂█▂ | Net Charge-Off Ratio (%) | 0.05% | 0.12% | 0.07% | 0.08% | 0.04% | 0.05% | 0.14% | 0.06% |
| █▆▁▁▁▃▄█ | Tang. Book Value ($M) | $117 | $117 | $116 | $117 | $116 | $117 | $117 | $117 |
| █▇▆▅▄▃▂▁ | Gross Loans ($M) | $387 | $380 | $376 | $372 | $369 | $368 | $361 | $356 |
| ▁▄█▆▂▃▁▁ | Total Deposits ($M) | $676 | $686 | $698 | $691 | $680 | $683 | $674 | $677 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 10% |