Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.14% | +0.39 | -0.26% |
| Return on Equity (%) | ▲ | 0.52% | +1.42 | -0.90% |
| Net Interest Margin (%) | ▲ | 2.91% | +0.28 | 2.63% |
| Efficiency Ratio (%) | ▲ | 93.83% | -13.16 | 106.99% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.25 | $-0 |
| Cost of Funds (%) | ▼ | 1.34% | +0.17 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $299 | +21.02 | $278 |
| Gross Loans ($M) | ▼ | $198 | -3.50 | $201 |
| Loan Growth YoY (%) | ▼ | 103.41% | -12.89 | 116.30% |
| Total Deposits ($M) | ▲ | $190 | +18.02 | $172 |
| Shareholders Equity ($M) | ▼ | $77 | -1.34 | $78 |
| Tang. Book Value ($M) | ▼ | $77 | -1.34 | $78 |
| TBV excl. AOCI ($M)** | ▼ | $80 | -0.05 | $80 |
| Loan / Deposit Ratio (%) | ▼ | 103.41% | -12.89 | 116.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.38 | 0.00% |
| Allowance / Loans (%) | — | 0.82% | 0.01% | 0.81% |
| Net Charge-Off Ratio (%) | ▼ | 0.57% | +0.57 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 2.51% | 2.53% | 2.55% | 2.63% | 2.70% | 2.70% | 2.71% | 2.91% |
| ▇▇█▅▁▃▃█ | Return on Assets (%) | -0.07% | -0.01% | 0.03% | -0.26% | -0.73% | -0.51% | -0.50% | 0.14% |
| ▂▂▂▃█▆▆▁ | Efficiency Ratio (%) | 98.9% | 102.6% | 100.0% | 107.0% | 132.8% | 122.6% | 121.7% | 93.8% |
| ▁▃▃▄▄▆██ | Cost of Funds (%) | 1.01% | 1.14% | 1.12% | 1.17% | 1.15% | 1.25% | 1.38% | 1.34% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.43% | 0.38% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.61% | 0.57% |
| ████▃▂▁▁ | Tang. Book Value ($M) | $78 | $79 | $79 | $78 | $78 | $77 | $77 | $77 |
| █▇▇▄▅▅▄▁ | Gross Loans ($M) | $205 | $204 | $204 | $201 | $202 | $202 | $202 | $198 |
| ▂▁▂▃▃█▆█ | Total Deposits ($M) | $170 | $165 | $168 | $172 | $172 | $187 | $183 | $190 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 18% |