Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.30% | -0.02 | 0.32% |
| Return on Equity (%) | ▼ | 2.57% | -0.35 | 2.92% |
| Net Interest Margin (%) | ▲ | 2.98% | +0.04 | 2.94% |
| Efficiency Ratio (%) | ▼ | 91.53% | +4.14 | 87.39% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.04 | $0 |
| Cost of Funds (%) | ▼ | 0.86% | +0.02 | 0.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $168 | +7.08 | $161 |
| Gross Loans ($M) | ▲ | $71 | +5.92 | $65 |
| Loan Growth YoY (%) | ▲ | 47.11% | +2.39 | 44.73% |
| Total Deposits ($M) | ▲ | $148 | +5.30 | $142 |
| Shareholders Equity ($M) | ▲ | $20 | +1.51 | $18 |
| Tang. Book Value ($M) | ▲ | $20 | +1.51 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +1.31 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 47.11% | +2.39 | 44.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.03 | 0.03% |
| Allowance / Loans (%) | — | 1.96% | -0.14% | 2.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.07 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 29.37% | +0.47 | 28.90% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇▄▇▇█▅ | Net Interest Margin (%) | 2.87% | 2.90% | 3.02% | 2.94% | 3.03% | 3.04% | 3.06% | 2.98% |
| ▇▆█▁▃▃▃▁ | Return on Assets (%) | 0.56% | 0.50% | 0.60% | 0.32% | 0.40% | 0.40% | 0.40% | 0.30% |
| ▃▃▁▆▂▂▄█ | Efficiency Ratio (%) | 83.0% | 83.7% | 79.9% | 87.4% | 82.6% | 82.3% | 84.5% | 91.5% |
| ▇▆▅▁▁█▄▄ | Cost of Funds (%) | 0.88% | 0.87% | 0.86% | 0.84% | 0.84% | 0.89% | 0.86% | 0.86% |
| ██▅▁▃▇▃▃ | NPA / Assets (%) | 0.13% | 0.13% | 0.08% | 0.03% | 0.06% | 0.11% | 0.06% | 0.06% |
| ██▄▁▃▆▃▃ | Net Charge-Off Ratio (%) | 0.34% | 0.32% | 0.20% | 0.07% | 0.15% | 0.27% | 0.14% | 0.14% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $16 | $18 | $17 | $18 | $18 | $19 | $20 | $20 |
| ▁▁▄▃▅███ | Gross Loans ($M) | $62 | $62 | $66 | $65 | $67 | $70 | $71 | $71 |
| ▃▁▃▄▄▅██ | Total Deposits ($M) | $141 | $138 | $141 | $142 | $143 | $143 | $147 | $148 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 4% |