Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.66% | +0.59 | 0.08% |
| Return on Equity (%) | ▲ | 6.29% | +5.53 | 0.76% |
| Net Interest Margin (%) | ▲ | 3.22% | +0.85 | 2.37% |
| Efficiency Ratio (%) | ▲ | 72.35% | -22.11 | 94.46% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.55 | $0 |
| Cost of Funds (%) | ▲ | 2.68% | -0.25 | 2.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $288 | -8.19 | $296 |
| Gross Loans ($M) | ▼ | $253 | -1.64 | $254 |
| Loan Growth YoY (%) | ▲ | 117.44% | +4.44 | 113.00% |
| Total Deposits ($M) | ▼ | $214 | -9.88 | $224 |
| Shareholders Equity ($M) | ▲ | $31 | +1.44 | $29 |
| Tang. Book Value ($M) | ▲ | $30 | +1.37 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 117.44% | +4.44 | 113.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.29 | 0.71% |
| Allowance / Loans (%) | — | 0.67% | 0.02% | 0.65% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.35 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 2.19% | 2.16% | 2.21% | 2.37% | 2.50% | 2.62% | 2.73% | 3.22% |
| ▁▂▃▅▆▆▇█ | Return on Assets (%) | -0.68% | -0.45% | -0.31% | 0.08% | 0.17% | 0.27% | 0.33% | 0.66% |
| █▇▆▃▃▂▂▁ | Efficiency Ratio (%) | 131.2% | 120.6% | 113.5% | 94.5% | 90.4% | 86.5% | 84.0% | 72.3% |
| ▂▇█▆█▄▄▁ | Cost of Funds (%) | 2.75% | 2.98% | 3.03% | 2.92% | 3.06% | 2.85% | 2.84% | 2.68% |
| ▇█▃▄▅▂▁▁ | NPA / Assets (%) | 0.97% | 1.13% | 0.60% | 0.71% | 0.78% | 0.53% | 0.42% | 0.41% |
| ▇█▃▄▅▂▁▁ | Net Charge-Off Ratio (%) | 1.10% | 1.27% | 0.69% | 0.82% | 0.89% | 0.61% | 0.48% | 0.47% |
| ▁▁▁▁▂▄▆█ | Tang. Book Value ($M) | $29 | $29 | $29 | $29 | $29 | $29 | $30 | $30 |
| ▃█▁▄▁▁▃▁ | Gross Loans ($M) | $254 | $257 | $252 | $254 | $253 | $252 | $254 | $253 |
| ▁▁▃█▇█▅▅ | Total Deposits ($M) | $204 | $202 | $210 | $224 | $219 | $222 | $214 | $214 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 24% |